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Acacia Communications, Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2020 10-K, filed Mar 1, 2021. Its latest SEC filing is a 15-12B from Mar 12, 2021.

The sections below describe the company as of the FY2020 annual report.

What Did They Do?

Sold optical interconnect modules, signal-processing chips and silicon photonic circuits to network equipment manufacturers, network operators and cloud service providers.

How Did They Make Money?

Customers bought products under purchase orders; Acacia invoiced each delivery when it shipped, and customers paid under their contractual terms. Products were generally shipped from Acacia's manufacturing site or delivered to the customer's named location.

FY2020 revenue

Who Were Their Customers?

They bought through Acacia's direct sales force; prospective buyers tested systems and networks before placing high-volume orders, and the sales process often took a year or more.

Did Revenues Turn Into Profits?

Yes. It kept 15 cents of every revenue dollar as net income in FY2020 and turned 20 cents into free cash flow.

Operating income, FY2020
15% of revenue
▲ +683% vs FY2019 ($11.4M, 2%)
Net income, FY2020
15% of revenue
▲ +175% vs FY2019 ($32.8M, 7%)
Free cash flow, FY2020
20% of revenue
▲ +94% vs FY2019 ($61M, 13%)

How Were They Changing?

Grew. Revenue grew 22% in 4 years, from $478.4M in FY2016 to $583.5M in FY2020, about 5% a year.

Standalone semiconductors The latest report described semiconductors as both built into modules and sold separately to customers; the older report described DSP chips and photonic circuits as integrated into module families.

Higher-capacity modules The latest report described modules covering transmission speeds that the older report said a module still in development would enable.

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