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16 April 2009


GigOptix doubles Q1 revenue year-on-year to $4.4m

For first-quarter 2009 (ended 5 April), GigOptix Inc of Palo Alto, CA, USA, which designs optical modulators, drivers and transimpedance amplifier (TIA) ICs based on III-V materials, expects to report revenues of about $4.4m, up 162% on $1.68m a year ago.

On an unaudited non-GAAP basis, as if the results of Lumera Corp of Bothell, WA (which makes polymer electro-optic modulators, and was acquired on 9 December) were included from the start of 2008, Q1/2009 revenue would still be up 103% on $2.17m a year ago.

The increase is a direct result of the continuing consolidation and integration of GigOptix’s acquisitions in 2008 (including Helix Semiconductors AG of Zurich, Switzerland, which makes transimpedance amplifiers, limiting amplifiers, and VCSEL drivers, in January) as well as growth of the GX, HX, LX, and iT product lines.

“The growth was initiated through the transactions we successfully completed in 2008 and the continued organic growth of our product lines,” says chairman & CEO Dr Avi Katz. The first-quarter 2009 revenue reflects GigOptix’s skill in combining synergistic businesses, he adds.

“Our mission is to continue to build top-line growth, while remaining focused on controlling our expenses,” says Katz.

The firm expects to report full Q1/2009 results by 14 May.

See related items:

GigOptix cuts salaries to save $900,000 annually

GigOptix Inc launches after completion of Lumera merger

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