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4 November 2009


Oplink’s recovery continues from March-quarter low

For its fiscal first-quarter 2010 (to end-September 2009), photonic component, module and subsystem maker Oplink Communications Inc of Fremont, CA, USA has reported revenue of $33.6m. This is down 22% on $43m a year ago but up 4% on $32.4m last quarter (following 5% growth that quarter, as recovery continues from the March-quarter low of $30.8m).

Gross margin has risen from 14.4% a year ago to 28.6% last quarter and now to 29.3% (after expecting it to be level on last quarter).

Compared to a net loss of $3.4m a year ago, the return to profit last quarter with net income of $249,000 was followed by net income rising more than forecast, to $1.8m.

During the quarter, Oplink generated $9.1m in cash from operations (up from $1.4m last quarter and $4.3m a year ago), helping to boost cash, cash equivalents and short-term investments from $166m to $178.7m.

“We are winning more advanced OMS [optical manufacturing solutions] business, in part based on our component expertise,” says president & CEO Joe Liu. “Oplink has become one of the leading providers of advanced photonic sub-systems product engineering and manufacturing solutions for global long-haul, metro-core and edge equipment companies,” he claims. “Our reputation for executing customer needs positions us to benefit as telecom spending resumes.”

For its fiscal second-quarter 2010 (to end-December 2009), Oplink expects revenue of $31-35m.

See related items:

Oplink goes into profit as revenue rebounds

Oplink’s revenues fall 18%, but cost cutting maintains cash generation

Oplink’s revenues fall 12.5%

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