SOURCE: Finisar

Finisar Corporation

June 18, 2015 16:00 ET

Finisar Announces Record Revenues for Fiscal 2015

SUNNYVALE, CA--(Marketwired - June 18, 2015) - Finisar Corporation (NASDAQ: FNSR), a global technology leader for subsystems and components for fiber optic communications, today announced financial results for its fourth quarter and full year fiscal 2015, ended May 3, 2015.

COMMENTARY

"Revenues for our fourth fiscal quarter were $320.0 million, an increase of $13.8 million, or 4.5% compared to the prior quarter," said Jerry Rawls, Finisar's executive Chairman of the Board. "Revenue growth was primarily driven by the benefit from an extra week in the fourth quarter partially offset by the impact of Chinese New Year."

"We also reported record revenue for the full fiscal year 2015, an increase of 8.1% over fiscal 2014, primarily driven by demand for datacom applications," said Eitan Gertel, Finisar's Chief Executive Officer.

 
 
FINANCIAL HIGHLIGHTS - Fourth QUARTER ENDED May 3, 2015
 
Summary GAAP Results  Fourth  Third
Quarter  Quarter
Ended  Ended
   May 3, 2015  January 25, 2015
   (in thousands, except per share amounts)
       
Revenues  $320,042  $306,283
Gross margin  27.9%  25.5%
Operating expenses  $78,933  $74,552
Operating income (loss)  $10,284  $3,401
Operating margin  3.2%  1.1%
Net income (loss)  $7,327  $1,678
Income per share - basic  $0.07  $0.02
Income per share - diluted  $0.07  $0.02
       
Basic shares  104,005  103,563
Diluted shares  107,535  105,990
       
Summary Non-GAAP Results (a)  Fourth  Third
Quarter  Quarter
Ended  Ended
   May 3, 2015  January 25, 2015
   (in thousands, except per share amounts)
       
Revenues  $320,042  $306,283
Gross margin  30.3%  30.0%
Operating expenses  $68,167  $65,128
Operating income  $28,831  $26,852
Operating margin  9.0%  8.8%
Net income  $26,873  $26,706
Income per share - basic  $0.26  $0.26
Income per share - diluted  $0.25  $0.25
       
Basic shares  104,005  103,563
Diluted shares  107,535  105,990
       
   
(a) In evaluating the operating performance of Finisar's business, Finisar management utilizes financial measures that exclude certain charges and credits required by U.S. generally accepted accounting principles, or GAAP, that are considered by management to be outside Finisar's core operating results. A reconciliation of Finisar's non-GAAP financial measures to the most directly comparable GAAP measures, as well as additional related information, can be found under the heading "Finisar Non-GAAP Financial Measures" below.
   

Financial Statement Highlights for the Fourth Quarter of Fiscal 2015:

  • Revenues increased to $320.0 million, up $13.8 million, or 4.5%, from $306.3 million in the preceding quarter.
  • Sales of products for datacom applications increased by $7.6 million, or 3.2%, compared to the preceding quarter, primarily driven by the benefit from an extra week in the fourth quarter, partially offset by the impact of Chinese New Year.
  • Sales of products for telecom applications increased by $6.2 million, or 8.6%, compared to the preceding quarter, primarily due to the benefit of an extra week in the fourth quarter partially offset by the impact of three month of the annual telecom price reduction that typically takes effect on January 1 and the impact of Chinese New Year.
  • GAAP gross margin increased to 27.9% from 25.5% in the preceding quarter, primarily due to a $5.7 million non-cash charge for the impairment of long-lived assets during the preceding quarter, not present in the fourth quarter.
  • Non-GAAP gross margin improved to 30.3% compared to 30.0% in the preceding quarter, primarily due to the improvement in yields for a new optical engine product for supercomputing applications that we started to ramp in the third quarter of fiscal 2015 that had negatively impacted gross margin during that third quarter, partially offset by the impact of the full three months of the annual telecom price reduction that typically takes effect on January.
  • GAAP operating expenses increased $4.4 million to $78.9 million from $74.6 million in the preceding quarter.
  • Non-GAAP operating expenses increased $3.1 million to $68.2 million from $65.1 million in the preceding quarter, primarily due to the extra week of salaries in Q4 relative to Q3, higher R&D project materials associated with the qualification of our new products, and higher S&M expenses due to the higher revenue level.
  • GAAP operating income increased $6.9 million, to $10.3 million or 3.2% of revenues, compared to $3.4 million or 1.1% of revenues in the preceding quarter.
  • Non-GAAP operating income increased $1.9 million to $28.8 million, or 9.0% of revenues, compared to $26.9 million, or 8.8% of revenues, in the preceding quarter.
  • Cash, cash equivalents and short term investments increased $1.3 million to $490.2 million at the end of the fourth quarter, compared to $488.9 million at the end of the preceding quarter.
 
 
FINANCIAL HIGHLIGHTS - FISCAL YEAR 2015 ENDED May 3, 2015
 
Summary GAAP Results      
Fiscal Year  Fiscal Year
Ended  Ended
   May 3, 2015  April 27, 2014
   (in thousands, except per share amounts)
       
Revenues  $1,250,944  $1,156,833
Gross margin  28.1%  34.3%
Operating expenses  $324,116  $285,584
Operating income  $26,794  $111,415
Operating margin  2.1%  9.6%
Net income  $11,887  $111,787
Income per share - basic  $0.12  $1.16
Income per share - diluted  $0.11  $1.09
       
Basic shares  101,408  95,979
Diluted shares  104,970  104,112
       
Summary Non-GAAP Results (a)      
Fiscal Year  Fiscal Year
Ended  Ended
   May 3, 2015  April 27, 2014
   (in thousands, except per share amounts)
       
Revenues  $1,250,944  $1,156,833
Gross margin  30.9%  35.9%
Operating expenses  $270,040  $253,202
Operating income  $116,071  $162,341
Operating margin  9.3%  14.0%
Net income  $110,376  $157,021
Income per share - basic  $1.09  $1.64
Income per share - diluted  $1.04  $1.53
       
Basic shares  101,408  95,979
Diluted shares  106,819  104,112
       
   
(a) In evaluating the operating performance of Finisar's business, Finisar management utilizes financial measures that exclude certain charges and credits required by U.S. generally accepted accounting principles, or GAAP, that are considered by management to be outside Finisar's core operating results. A reconciliation of Finisar's non-GAAP financial measures to the most directly comparable GAAP measures, as well as additional related information, can be found under the heading "Finisar Non-GAAP Financial Measures" below.
   

Financial Statement Highlights for fiscal 2015:

  • Revenues increased to $1,250.9 million, up $94.1 million, or 8.1%, from $1,156.8 million in the preceding year.
  • The sale of products for datacom applications increased by $111.4 million, or 13.6%, compared to the preceding year.
  • The sale of products for telecom applications decreased by $17.3 million, or (5.2)%, compared to the preceding year.
  • GAAP gross margin decreased to 28.1% from 34.3% in the preceding year, primarily due to the impact of the annual average sales price erosion.
  • Non-GAAP gross margin decreased to 30.9% from 35.9% in the preceding year.
  • GAAP operating income decreased $84.6 million to $26.8 million, or 2.1% of revenues, compared to $111.4 million, or 9.6% of revenues in the preceding year, primarily due to the lower gross margins.
  • Non-GAAP operating income decreased $46.3 million to $116.1 million, or 9.3% of revenues, compared to $162.3 million, or 14.0% of revenues, in the preceding year.

OUTLOOK

The Company indicated that for the first quarter of fiscal 2016 it currently expects revenues in the range of $308 to $328 million, non-GAAP gross margin of approximately 30.5%, non-GAAP operating margin of approximately 8.8% to 9.8%, and non-GAAP earnings per diluted share in the range of approximately $0.23 to $0.29. Please note that the first quarter fiscal 2016 will have 13 weeks compared to 14 weeks in the preceding quarter.

CONFERENCE CALL

Finisar will discuss its financial results for the fourth quarter and current business outlook during its regular quarterly conference call scheduled for Thursday, June 18, 2015, at 2:00 pm PT (5:00 pm ET). To listen to the call you may connect through the Finisar investor relations page at http://investor.finisar.com/ or dial 877-397-0286 (domestic) or + 719-325-4857 (international) and enter conference ID 9819662.

An audio replay will be available for two weeks following the call by dialing 1-888-203-1112 (domestic) or +1-719-457-0820 and then following the prompts: enter conference ID 9819662 and provide your name, affiliation, and contact number. A replay of the webcast will be available shortly after the conclusion of the call on the Company's website until the next regularly scheduled earnings conference call.

SAFE HARBOR UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This press release contains forward-looking statement concerning Finisar's expected financial performance. These statements are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on our current expectations, estimates, assumptions and projections about our business and industry, and the markets and customers we serve, and they are subject to numerous risks and uncertainties that may cause these forward-looking statements to be inaccurate. Finisar assumes no obligation to update any such forward-looking statements. Forward-looking statements involve risks and uncertainties which could cause actual results to differ materially from those projected. Examples of such risks include those associated with: the uncertainty of customer demand for Finisar's products; the rapidly evolving markets for Finisar's products and uncertainty regarding the development of these markets; Finisar's historical dependence on sales to a limited number of customers and fluctuations in the mix of products and customers in any period; ongoing new product development and introduction of new and enhanced products; the challenges of rapid growth followed by periods of contraction; intensive competition; and the uncertainty of achieving anticipated cost savings and synergies in connection with the recently completed u2t acquisition. Further information regarding these and other risks relating to Finisar's business is set forth in Finisar's annual report on Form 10-K (filed June 26, 2014) and quarterly SEC filings.

ABOUT FINISAR

Finisar Corporation (NASDAQ: FNSR) is a global technology leader for fiber optic subsystems and components that enable high-speed voice, video and data communications for telecommunications, networking, storage, wireless, and cable TV applications. For 25 years, Finisar has provided critical optics technologies to system manufacturers to meet the increasing demands for network bandwidth. Finisar is headquartered in Sunnyvale, California, USA with R&D, manufacturing sites, and sales offices worldwide. For additional information, visit www.finisar.com.

FINISAR FINANCIAL STATEMENTS The following financial tables are presented in accordance with GAAP.

 
 
Finisar Corporation
Consolidated Statements of Operations
(Unaudited, in thousands, except per share data)
                
   Three Months Ended  Twelve Months Ended  Three Months Ended
   May 03, 2015  April 27, 2014  May 03, 2015  April 27, 2014  January 25, 2015
Revenues  $320,042  $306,025  $1,250,944  $1,156,833  $306,283
Cost of revenues   229,390   208,135   888,573   754,773   221,173
Impairment of acquired developed technology and other long-lived assets   -   -   5,722   -   5,722
Amortization of acquired developed technology   1,435   1,326   5,739   5,061   1,435
Gross profit   89,217   96,564   350,910   396,999   77,953
Gross margin   27.9%   31.6%   28.1%   34.3%   25.5%
Operating expenses:                    
 Research and development   51,117   48,132   202,089   183,355   48,782
 Sales and marketing   11,800   11,509   46,178   46,547   10,926
 General and administrative   15,303   15,133   72,856   53,214   14,062
 Impairment of acquired developed technology and other long-lived assets   -   -   45   -   45
 Amortization of purchased intangibles   713   683   2,948   2,468   737
  Total operating expenses   78,933   75,457   324,116   285,584   74,552
Income from operations   10,284   21,107   26,794   111,415   3,401
Interest income   536   485   1,811   1,319   321
Interest expense   (3,335)   (2,965)   (12,022)   (5,547)   (2,686)
Other income (expenses), net   4,041   8,124   4,099   7,234   2,051
Income before income taxes and non-controlling interest   11,526   26,751   20,682   114,421   3,087
Provision (benefits) for income taxes   4,199   (1,932)   8,795   2,884   1,409
Income before non-controlling interest   7,327   28,683   11,887   111,537   1,678
Adjust for net loss attributable to non-controlling interest   -   67   -   250   -
Net income attributable to Finisar Corporation  $7,327  $28,750  $11,887  $111,787  $1,678
                     
Net income per share attributable to Finisar Corporation common stockholders:                    
                     
 Basic  $0.07  $0.30  $0.12  $1.16  $0.02
 Diluted  $0.07  $0.28  $0.11  $1.09  $0.02
                     
Shares used in computing net income per share - basic   104,005   96,965   101,408   95,979   103,563
Shares used in computing net income per share - diluted   107,535   105,418   104,970   104,112   105,990
                
 
 
Finisar Corporation
Consolidated Balance Sheets
(in thousands)
                
   May 03, 2015  January 25, 2015  October 26, 2014  July 27, 2014  April 27, 2014
      (Unaudited)  (Unaudited)  (Unaudited)   
ASSETS               
Current assets:                 
 Cash and cash equivalents  $197,443  $198,344  $ 186,952  $ 287,455  $ 303,101
 Short-term held-to-maturity investments   292,748   290,520  290,478  209,927  209,922
 Accounts receivable, net   213,234   210,116  213,721  231,312  225,020
 Accounts receivable, other   40,650   41,540  34,573  41,595  33,749
 Inventories   283,670   277,862  284,789  270,122  259,759
 Prepaid expenses and other assets   36,518   37,265  38,065  38,582  33,022
  Total current assets   1,064,263   1,055,647  1,048,578  1,078,993  1,064,573
Property, equipment and improvements, net   315,777   304,547  306,331  301,020  273,328
Purchased intangible assets, net   27,188   29,336  31,508  33,680  34,141
Goodwill   106,735   106,735  106,735  106,735  106,115
Minority investments   2,847   2,647  2,547  2,317  2,117
Other assets   35,072   22,444  22,528  20,907  17,272
  Total assets  $1,551,882  $1,521,356  $ 1,518,227  $ 1,543,652  $ 1,497,546
                  
LIABILITIES AND STOCKHOLDERS' EQUITY                 
Current liabilities:                 
 Accounts payable  $131,510  $123,895  $ 113,235  $ 143,224  $ 119,439
 Accrued compensation   24,918   30,632  35,354  28,215  38,541
 Other accrued liabilities   39,238   32,029  33,716  27,815  31,776
 Deferred revenue   9,850   11,240  12,358  16,872  16,659
 Current portion of convertible notes   -   -  36,665  40,015  40,015
  Total current liabilities   205,516   197,796  231,328  256,141  246,430
Long-term liabilities:                 
 Convertible notes, net of current portion   221,406   219,072  216,775  214,496  212,253
 Other non-current liabilities   21,167   24,184  24,900  24,042  22,804
  Total liabilities   448,089   441,052  473,003  494,679  481,487
Stockholders' equity:                 
 Common stock   104   104  100  100  97
 Additional paid-in capital   2,551,114   2,537,231  2,485,133  2,469,687  2,456,110
 Accumulated other comprehensive income   861   (1,418)  17,282  25,116  20,025
 Accumulated deficit   (1,448,286  (1,455,613)  (1,457,291)  (1,445,930)  (1,460,173)
  Total stockholders' equity   1,103,793   1,080,304  1,045,224  1,048,973  1,016,059
Total liabilities and stockholders' equity  $1,551,882  $1,521,356  $ 1,518,227  $ 1,543,652  $ 1,497,546
                  
Note - Balance sheet amounts as of April 27, 2014 are derived from the audited consolidated financial statements as of the date.
 
 

FINISAR NON-GAAP FINANCIAL MEASURES

In addition to reporting financial results in accordance with U.S. generally accepted accounting principles, or GAAP, Finisar provides the following financial measures defined as non-GAAP financial measures by the Securities and Exchange Commission: non-GAAP gross profit, non-GAAP operating income and non-GAAP income per share. These non-GAAP financial measures are supplemental information regarding the Company's operating performance on a non-GAAP basis that excludes certain gains, losses and charges of a non-cash nature or which occur relatively infrequently and which management considers to be outside our core operating results. Some of these non-GAAP measures also exclude the ongoing impact of historical business decisions made in different business and economic environments. Management believes that tracking non-GAAP gross profit, non-GAAP income from operations, non-GAAP net income and non-GAAP net income per share provides management and the investment community with valuable insight into our current operations, our ability to generate cash and the underlying business trends which are affecting our performance. These non-GAAP measures are used by both management and our Board of Directors, along with the comparable GAAP information, in evaluating our current performance and planning our future business activities. In particular, management finds it useful to exclude non-cash charges in order to better correlate our operating activities with our ability to generate cash from operations and to exclude certain cash charges as a means of more accurately predicting our liquidity requirements. We believe that these non-GAAP measures, when used in conjunction with our GAAP financial information, also allow investors to better evaluate our financial performance in comparison to other periods and to other companies in our industry.

In calculating non-GAAP gross profit in this release, we have excluded the following items from cost of revenues in applicable periods in this release:

  • Changes in excess and obsolete inventory reserve (predominantly non-cash charges or non-cash benefits);
  • Amortization of acquired technology (non-cash charges related to technology obtained in acquisitions);
  • Duplicate facilities costs during facilities move (non-recurring cash charges)
  • Stock-based compensation expense (non-cash charges);
  • Abandonment of fixed assets (non-recurring non-cash charges);
  • Impairment of long-lived assets (non-recurring non-cash charges);
  • Acquisition method accounting adjustment for sale of acquired inventory (non-recurring non-cash charges);
  • Reduction in force costs (non-recurring cash charges); and
  • Acquisition related retention payments (non-recurring cash charges).

In calculating non-GAAP operating income in this release, we have excluded the same items to the extent they are classified as operating expenses, and have also excluded the following items in applicable periods in this release:

  • Gain or loss on litigation settlements and resolutions and related costs (non-recurring cash charges or benefits);
  • Employee and employer tax liabilities related to the 2006 special investigation into our historical stock option granting practices (non-recurring cash charges);
  • Shareholder class action and derivative litigation costs (non-recurring cash charges associated with the derivative litigation related to our historical stock option granting practices and related to the class action and derivative litigation related to our March 8, 2011 earnings announcement);Acquisition related costs (non-recurring cash charges);
  • Impairment of acquired R&D reimbursement receivable (non-recurring non-cash charges);
  • Amortization of purchased intangibles (non-cash charges); and
  • Impairment of long-lived assets (non-recurring non-cash charges).

In calculating non-GAAP income and non-GAAP income per share in this release, we have also excluded the following items in applicable periods in this release:

  • Imputed interest expenses on convertible debt (non-cash charges);
  • Imputed interest related to restructuring (non-cash charges);
  • Gains and losses on sales of assets (non-recurring and/or non-cash losses and cash gains related to the periodic disposal of assets no longer required for current activities);
  • Gains and losses related to minority investments (non-cash or non-recurring benefits or charges);
  • Other miscellaneous expenses (income) (non-recurring charges or benefits);
  • Dollar denominated foreign exchange transaction losses (gains) (non-cash charges or benefits);
  • Amortization of debt issuance costs (non-cash charges);
  • Non-controlling interest non-GAAP adjustment (non-cash and/or non-recurring charges or benefits attributable to the non-controlling interest in majority-controlled subsidiaries); and
  • Differences between cash payable for income taxes and the provision for income taxes in accordance with GAAP, less discrete items.

A reconciliation of this non-GAAP financial information to the corresponding GAAP information is set forth below:

 
 
Finisar Corporation
Reconciliation of Results of Operations under GAAP and non-GAAP
(Unaudited, in thousands, except per share data)
                
   Three Months Ended  Twelve Months Ended  Three Months Ended
   May 03, 2015  April 27, 2014  May 03, 2015  April 27, 2014  January 25, 2015
GAAP to non-GAAP reconciliation of gross profit:                    
Gross profit - GAAP  $89,217  $96,564  $350,910  $396,999  $77,953
Gross margin - GAAP   27.9%   31.6%   28.1%   34.3%   25.5%
Adjustments:                    
Cost of revenues                    
 Change in excess and obsolete inventory reserve   2,752   3,384   10,293   3,439   3,772
 Amortization of acquired technology   1,435   1,326   5,739   5,061   1,435
 Duplicate facility costs during facility move   4       776       6
 Stock compensation   2,692   2,531   10,216   8,738   2,660
 Abandonment of fixed assets   -   -   124   -   -
 Impairment of long-lived assets   420   -   6,142   -   5,722
 Acquisition method accounting adjustment for sale of acquired inventory   -   822   -   822   -
 Reduction in force costs   406   124   1,571   228   371
 Acquisition related retention payment   72   62   340   256   61
  Total cost of revenue adjustments   7,781   8,249   35,201   18,544   14,027
Gross profit - non-GAAP   96,998   104,813   386,111   415,543   91,980
Gross margin - non-GAAP   30.3%   37.2%   30.9%   35.9%   30.0%
                     
GAAP to non-GAAP reconciliation of operating income:                    
Operating income - GAAP   10,284   21,107   26,794   111,415   3,401
Operating margin - GAAP   3.2%   6.9%   2.1%   9.6%   1.1%
Adjustments:                    
Total cost of revenue adjustments   7,781   8,249   35,201   18,544   14,027
Research and development                    
 Reduction in force costs   82   -   790   28   23
 Acquisition related retention payment   104   190   595   761   132
 Stock compensation   5,084   4,056   18,916   15,645   4,669
 Duplicate facility costs during facility move   143   -   1,009   -   99
 Impairment of acquired R&D reimbursement receivable   87   -   87   -   -
Sales and marketing                    
 Acquisition related retention payment   12   17   50   68   9
 Stock compensation   1,749   1,406   6,503   5,341   1,600
General and administrative                    
 Reduction in force costs   -   69   103   227   49
 Duplicate facility costs   -   -   152   -   36
 Acquisition related retention payment   8   8   (24)   1,044   7
 Stock compensation   2,894   2,525   10,977   10,229   2,654
 Payroll taxes related to options investigation   17   -   34   -   -
 Acquisition related costs   18   567   292   1,507   36
 Litigation settlements and resolutions and related costs (benefits)   (6)   5   11,748   15   (662)
 Shareholder class action and derivative litigation costs (benefits)   (138)   -   (148)   (4,951)   (10)
Amortization of purchased intangibles   713   683   2,948   2,468   737
Impairment of long-lived assets   (1)   -   44   -   45
  Total cost of revenue and operating expense adjustments   18,547   17,775   89,277   50,926   23,451
Operating income - non-GAAP   28,831   38,882   116,071   162,341   26,852
Operating margin - non-GAAP   9.0%   12.7%   9.3%   14.0%   8.8%
                     
GAAP to non-GAAP reconciliation of income attributable to Finisar Corporation:                    
Net income attributable to Finisar Corporation - GAAP   7,327   28,750   11,887   111,787   1,678
Adjustments:                    
Total cost of revenue and operating expense adjustments   18,547   17,775   89,277   50,926   23,451
Non-cash imputed interest expenses on convertible debt   2,334   2,225   9,153   3,152   2,297
Imputed interest related to restructuring   47   53   196   220   48
Amortization of debt issuance costs   616   -   616   -   -
Other (income) expense, net                    
 Loss (gain) on sale of assets   (559)   (8,156)   (317)   (8,291)   31
 Gain related to minority investments   (1,470)   -   (1,470)   (743)   -
 Other miscellaneous income   (850)   -   (1,028)   (5)   (167)
 Foreign exchange transaction (gain) or loss   (607)   (69)   1,373   2,490   (338)
 Amortization of debt issuance costs   (462)   155   -   231   154
Provision for income taxes                    
 Income tax provision adjustments   1,950   (3,737)   689   (3,116)   (448)
Non-controlling interest non-GAAP adjustment   -   (4)   -   370   -
Total adjustments   19,546   8,242   98,489   45,234   25,028
Net income attributable to Finisar Corporation - non-GAAP  $26,873  $36,992  $110,376  $157,021  $26,706
                     
Non-GAAP income attributable to Finisar Corporation  $26,873  $36,992  $110,376  $157,021  $26,706
Add: interest expense for dilutive convertible notes   -   539   1,072   2,156   -
Adjusted non-GAAP income attributable to Finisar Corporation  $26,873  $37,531  $111,448  $159,177  $26,706
                     
Non-GAAP income per share attributable to Finisar Corporation common stockholders                    
 Basic  $0.26  $0.38  $1.09  $1.64  $0.26
 Diluted  $0.25  $0.36  $1.04  $1.53  $0.25
Shares used in computing non-GAAP income per share attributable to Finisar Corporation common stockholders                    
 Basic   104,005   96,965   101,408   95,979   103,563
 Diluted   107,535   105,418   106,819   104,112   105,990
                     
Non-GAAP EBITDA                    
Non-GAAP income attributable to Finisar Corporation  $26,873  $36,992  $110,376  $157,021  $26,706
Depreciation expense   20,488   17,518   82,422   62,026   21,371
Amortization   -   94   72   376   -
Interest expense   (197)   202   247   856   20
Income tax expense   2,249   1,805   8,106   6,000   1,857
Non-GAAP EBITDA  $49,413  $56,611  $201,223  $226,279  $49,954
                

Finisar-F

Contact Information

  • Investor Contact:
    Kurt Adzema
    Chief Financial Officer
    408-542-5050
    Investor.relations@finisar.com

    Press contact:
    Victoria McDonald
    Director, Corporate Communications
    408-542-4261