Login

FINISAR CORP

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2020 10-Q, filed Sep 4, 2019. Its latest SEC filing is a SC 13G/A from Feb 18, 2020.

The sections below describe the company as of the FY2019 annual report.

What Did They Do?

Sells optical communications components and subsystems, including transceivers and wavelength switches, to networking and telecom equipment makers, data center operators, and consumer electronics and automotive companies.

How Did They Make Money?

Customers buy optical components and subsystems, and pay after products ship from Finisar’s facility or arrive at the agreed delivery location.

revenue

Who Were Their Customers?

Finisar reaches buyers through its direct sales force, distributors, manufacturers’ representatives and local resellers; its customers also include contract manufacturers and end-users.

Customers above 10% of revenue, FY2019
of revenue from two customers (11%, 10%)
FY2017: 23% from two customers

Did Revenues Turn Into Profits?

No. It lost $53.2M in .

Operating income,
−2% of revenue
▼ Now a loss vs ($6.5M, 0%)
Net income,
−4% of revenue
▲ +10% (Loss) vs (−$48.3M, −4%)

How Were They Changing?

Since the FY2019 annual report
Latest quarter: Q1 FY2020, the three months to Jul 28, 2019
Revenue
▼ −10%
vs $317.3M in Q1 FY2019
Net income
▼ −53% (Loss)
vs −$18.5M in Q1 FY2019
  • Sep 24, 2019 II-VI completed its acquisition of Finisar The acquisition closed through the merger.
  • Aug 5, 2019 Finisar’s CEO resigned Todd Swanson and Joseph Young were appointed to an interim office of the chief executive.

Held flat. Revenue was $1.3B in , about the same as the $1.3B of .

Sensing applications The older report described pursuing optical applications in other markets, while the latest says Finisar entered sensing applications, including facial recognition, gaming and automotive uses, drawing on its laser technology.

Who Did They Compete With?

Competes with Applied Optoelectronics, Foxconn, Innolight, Lumentum, Sumitomo, Acacia Communications, Fujitsu Optical Components, CoAdna, Oplink, and Nistica

Create Account

Sign up for free to unlock this feature.

Already have an account? Sign in

Premium Feature

This feature requires a premium subscription to unlock unlimited historical data and advanced analysis tools.

Premium includes:

  • Unlimited historical financial data
  • Advanced analytics and insights
  • Priority support