NPTN - NPTN STOCK NEWS

NeoPhotonics Corporation (NYSE: NPTN) announced the appointment of Sheri L. Savage to its Board of Directors. Previously, Ms. Savage served as CFO of Ultra Clean Holdings since 2016, bringing over a decade of finance experience in the semiconductor industry. She has also held significant roles at Credence Systems Corporation. Savage's expertise is expected to enhance the company's strategic focus in high-speed communications. Additionally, Kimberly Y. Chainey was appointed to the Nominating and Governance Committee. Tim Jenks, Chairman and CEO, praised Savage's insights to support NeoPhotonics' growth.

NeoPhotonics Corporation (NPTN) announced the general availability of its QSFP-DD and OSFP 400ZR pluggable modules, which are now shipping to customers. These products leverage advanced Silicon Photonics technology, providing high-speed data transmission for data center interconnects and metro networks. The modules support up to 400G connections, are compliant with OIF 400ZR standards, and have passed extensive reliability tests. Recent demonstrations showed transmission capabilities over 800 km at 400 Gbps. The company has shipped over two million tunable lasers, indicating strong demand.

NeoPhotonics Corporation (NYSE: NPTN) successfully demonstrated the transmission of 400 Gbps data over a distance of 1500 km using its Multi-Rate CFP2-DCO coherent pluggable transceivers. This achievement utilized production modules with enhanced firmware in a 75 GHz-spaced DWDM network. The demonstration employed advanced modulation techniques and achieved an OSNR of approximately 20 dB. The CFP2-DCO modules showcase high reliability with extended Telcordia testing. This innovation positions NeoPhotonics for significant advancements in long-haul telecommunications networks.

NeoPhotonics Corporation (NYSE: NPTN) has announced the Limited Availability of its Class 60 Coherent Driver-Modulator and Intradyne Coherent Receiver, now shipping to multiple customers. These components support 96 GBaud systems, enhancing optical performance and efficiency for data transmission, particularly in 800G applications. The products increase the 3 dB bandwidth from 40 GHz to 60 GHz, maintaining superior signal quality. CEO Tim Jenks highlighted future plans for Class 80 components for further advancements. NeoPhotonics remains at the forefront of high-speed communication technologies.

NeoPhotonics Corporation (NYSE: NPTN) announced a milestone of over two million shipments of its ultra-narrow linewidth tunable lasers since 2011. These lasers are essential for coherent data transmission in telecommunications, supporting increasing data rates of 400Gbps to 800Gbps. The company's products are known for their low noise and power consumption, suitable for various applications including satellite communications. Tim Jenks, Chairman and CEO, highlighted the significant growth in shipments, noting a jump from 1 million in 2019 to 2 million recently.

NeoPhotonics Corporation (NYSE: NPTN) reported its first-quarter 2021 results, with revenues of $60.9 million, down 11% quarter-over-quarter and 37% year-over-year. The gross margin decreased to 21.9%, while net loss per share improved slightly to $0.21. Adjusted EBITDA was negative $0.7 million, an improvement from the previous quarter. Looking ahead, the company forecasts second-quarter revenue between $59 million and $65 million, with a projected GAAP loss per share ranging from ($0.35) to ($0.25).

NeoPhotonics Corporation (NYSE: NPTN) will announce its financial results for Q1 2021 on April 29, 2021, after the market closes. A conference call featuring CEO Tim Jenks and CFO Beth Eby will follow at 4:30 p.m. ET to discuss results and current business conditions. Interested parties can join the call by dialing 800-367-2403, and a live webcast will also be available on the company's Investor Relations website. The results will be accessible via a replay after the call for 30 days.

NeoPhotonics Corporation (NYSE: NPTN) has announced the appointment of Kimberly Y. Chainey to its Board of Directors. Chainey, currently Executive Vice President and General Counsel at AptarGroup, brings extensive legal expertise from her roles at Panasonic Avionics and Avis-Budget Group. With a juris doctor from the University of Pennsylvania and an MBA from Wharton, she aims to enhance the board's insights into compliance and regulatory affairs. NeoPhotonics focuses on high-speed digital optical signals vital for cloud communications and data center networks.

NeoPhotonics Corporation (NYSE: NPTN) has successfully demonstrated its 400ZR+ QSFP-DD coherent pluggable transceiver, achieving effective transmission at 400 Gbps over 800 km in a 75GHz-spaced DWDM system, with significant OSNR margin. Utilizing high-performance coherent optics and a tunable laser, this transceiver ensures reduced power consumption and operational efficiency at high temperatures. The modules are nearing general availability in Q2 2021, offering enhanced capacity in metro and regional networks, contributing to a potential increase in market demand for high-speed data solutions.