+44 (0)24 7671 8970
More publications     •     Advertise with us     •     Contact us
 
Loading...
News Article

Bookham slumps to $23 million net loss

The first financial quarter of fiscal 2007 brings no respite for Bookham, although it is getting a lot more business from key networking equipment vendor Cisco Systems.

Optical component and module manufacturer Bookham posted a net loss of $22.9 million for the financial quarter that ended on September 30, as recent revenue growth appeared to stall.

Sales of $56.4 million were up very slightly (from $55 million) on a sequential basis, but down from the $62.6 million that Bookham recorded during the same period last year as revenue from leading customer Nortel continued to wind down.

The good news for Bookham is that its non-Nortel customers are buying more of its products. For example, Cisco Systems, one of the leading optical networking system vendors, accounted for $7.3 million of Bookham's sales in the latest quarter - a sequential rise of nearly 50 per cent.

Bookham's non-telecom revenue also grew strongly, with sales from its industrial laser business up 14 per cent on the prior quarter at $11.6 million.

CEO Giorgio Anania said that the company, which makes its high-power lasers for industrial use in Zurich, Switzerland, and its InP-based telecommunications lasers in Caswell, UK, was receiving a lot of interest in its tunable laser products.

But despite Anania's reassurance that he anticipated no let-up in customer demand, investors reacted negatively to his projection of only very slight revenue growth in the current quarter.

Anania estimated that the three months ending on December 30 this year will generate $56 million-$59 million in revenue, with any future profitability still appearing to be a long way off.

Bookham shares dropped by around 12 per cent after Bookham announced the financial results.

Penn State partnership aims to improve SiC
Fraunhofer inverter project boosts EV performance
Virtual Forest utilise Navitas’ high-power, efficient GaNSense half-bridge for agriculture
CS International champions a green agenda
Wolfspeed selects Aixtron tools to support 200 mm production
Aixtron wins the prestigious German Innovation Award
Infineon provides Fox ESS with power semiconductors
TriEye and Vertilas demonstrate 1.3 μm VCSEL-driven SWIR sensing solutions
Polychromatic pixels
Infineon receives “GaN Strategic Partner of the Year” award
SweGaN announces strategic partnership with RFHIC
Q-Pixel debuts the world’s highest resolution (6800 PPI) color display
Aixtron receives Gold Supplier award
Coherent secures $15M CHIPS funding through CLAWS Hub
UK CSA Catapult celebrates success
Transforming displays with photo-responsive PeLEDs
US team reinvents the photoconductive switch
Filtronic enhances packaging capabilities
IQE posts full year 2023 results
CSA Catapult opens DER-funded packaging facility
What’s next for SiC?
Power electronics market to reach $69.7B by 2030
EPC announces GaN FET-based audio amp
Arizona State University to explore potential of AlN
Teledyne e2v HiRel announces GaN load switch
Aehr wins major order for SiC wafer test and burn-in system
Innoscience releases GaN driver IC
POET and MultiLane collaborate
III-V Epi reports a year of growth
VECSELS are a step towards the quantum Internet
Navitas to focus on grid reliability at PE International
SiC Innovation Alliance to drive industrial-scale R&D
×
Search the news archive

To close this popup you can press escape or click the close icon.
×
  • 1st January 1970
  • 1st January 1970
  • 1st January 1970
  • 1st January 1970
  • 1st January 1970
  • 1st January 1970
  • 1st January 1970
  • 1st January 1970
  • View all news
Logo
×
Register - Step 1

You may choose to subscribe to the Compound Semiconductor Magazine, the Compound Semiconductor Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in: