NeoPhotonics Reaffirms Second Quarter 2020 Guidance Following Recent U.S. Department of Commerce Announcements
26 Maio 2020 - 8:00AM
Business Wire
NeoPhotonics Corporation (NYSE: NPTN), a leading developer and
manufacturer of silicon photonics and advanced hybrid photonic
integrated circuit-based lasers, modules and subsystems for
bandwidth-intensive, high speed communications networks, today
issued a statement regarding the U.S. Department of Commerce’s
Bureau of Industry and Security (BIS) press release on May 22, 2020
announcing the impending addition of certain Chinese companies to
the Export Administration Regulations (EAR) Entity List.
The action of BIS will potentially restrict the export of items
subject to the EAR to our customer FiberHome Technologies Group.
NeoPhotonics will continue to monitor BIS guidance to assess the
final ruling and any changes that may be required, and will remain
in full compliance.
The Company does not anticipate any material impact on its
near-term financial prospects and currently expects second quarter
2020 results to be within the upper half of its previously
published outlook ranges.
About NeoPhotonics
NeoPhotonics is a leading developer and manufacturer of lasers
and optoelectronic solutions that transmit, receive and switch
high-speed digital optical signals for Cloud and hyper-scale data
center internet content provider and telecom networks. The
Company’s products enable cost-effective, high-speed over distance
data transmission and efficient allocation of bandwidth in optical
networks. NeoPhotonics maintains headquarters in San Jose,
California and ISO 9001:2015 certified engineering and
manufacturing facilities in Silicon Valley (USA), Japan and China.
For additional information visit www.neophotonics.com.
Legal Notice Regarding Forward-Looking Statements
This press release includes statements that qualify as
forward-looking statements under the Private Securities Litigation
Reform Act of 1995. These forward-looking statements include
statements about the following topics: future financial results,
demand for the Company’s high-speed products, and the Company’s
market position. Forward-looking statements are subject to certain
risks and uncertainties that could cause the actual results to
differ materially. Those risks and uncertainties include, but are
not limited to, such factors as: the Company’s reliance on a small
number of customers for a substantial portion of its revenues;
market growth in China and other key countries; potential impacts
of the Covid-19 pandemic; possible reduction in or volatility of
customer orders or delays in shipments of products to customers;
potential governmental trade actions; possible disruptions in the
supply chain or in demand for the Company’s products due to
industry developments; the ability of the Company's vendors and
subcontractors to supply or manufacture the Company's products in a
timely manner; ability of the Company to meet customer demand;
volatility in utilization of manufacturing operations and
manufacturing costs; reductions in the Company’s rate of new design
wins, and/or the rate at which design wins go into production, and
the rate of customer acceptance of new product introductions;
potential pricing pressure that may arise from changing supply or
demand conditions in the industry; changes in demand for the
Company's products; the impact of competitive products and pricing
and alternative technological advances; the accuracy of estimates
used to prepare the Company's financial statements and forecasts;
the timely and successful development and market acceptance of new
products and upgrades to existing products; the difficulty of
predicting future cash needs; changes in economic and industry
projections; a decline in general conditions in the
telecommunications equipment industry or the world economy
generally; and the effects of seasonality. For further discussion
of these risks and uncertainties, please refer to the documents the
Company files with the SEC from time to time, including the
Company's Annual Report on Form 10-K for the year ended December
31, 2019 and its Quarterly Report on Form 10-Q for the quarter
ended March 31, 2020. All forward-looking statements are made as of
the date of this press release, and the Company disclaims any duty
to update such statements.
©2020 NeoPhotonics Corporation. All rights reserved.
NeoPhotonics and the red dot logo are trademarks of NeoPhotonics
Corporation. All other marks are the property of their respective
owners.
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version on businesswire.com: https://www.businesswire.com/news/home/20200526005231/en/
Investor Contacts
NeoPhotonics Corporation Beth Eby, Chief Financial Officer
+1-408-895-6086 ir@neophotonics.com
Sapphire Investor Relations, LLC Erica Mannion, Investor
Relations +1-617-542-6180 ir@neophotonics.com
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