Infinera Corp (OQ:INFN)

Sector:  Technology Industry:  Communications & Networking
 
See Regulatory Filings on SEC
Company Contact
Address: 6373 San Ignacio Avenue
SAN JOSE CA 95119
Tel: N/A
Website: https://www.infinera.com
IR: See website
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Key People
David W. Heard
Chief Executive Officer, Director
David F. Welch
Chief Innovation Officer, Co-Founder, Director
Nancy Erba
Chief Financial Officer
Ryan Perera
Senior Vice President - APAC Sales
Nicholas R. Walden
Senior Vice President - Worldwide Sales
Scotty Benda
Senior Vice President - Worldwide Systems Engineering
Regan J. Macpherson
Chief Legal Officer, Corporate Secretary
   
Business Overview
Infinera Corporation is a supplier of networking solutions comprised of networking equipment, software and services. The Company's portfolio of solutions includes optical transport platforms, converged packet-optical transport platforms, compact modular platforms, optical line systems, coherent optical engines and subsystems, a suite of automation software offerings, and support and professional services. The Company's hardware product portfolio consists of compact modular platforms, packet-optical platforms, optical line systems and optical subsystems. Its software products include the Infinera Transcend Software Suite, which includes automation and network management software. These products serve various market segments in the end-to-end transport infrastructure, including metro, long-haul and subsea. It also provides customer support services, including professional service offerings designed to help customers optimize their network assets and migrate legacy services.
Financial Overview
For the nine months ended 30 September 2023, Infinera Corp revenues increased 7% to $1.16B. Net loss decreased 65% to $38.1M. Revenues reflect Product segment increase of 7% to $931.1M, Service segment increase of 6% to $229.6M, United States segment increase of 19% to $683.8M. Lower net loss reflects Research & Developmen decrease of 66% to $71.1M (expense), Sales and Marketing - Balancing value decrease of 61% to $37.4M (expense).
Employees: 3,267 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $1,710M as of Sep 30, 2023
Annual revenue (TTM): $1,647M as of Sep 30, 2023
EBITDA (TTM): $91.77M as of Sep 30, 2023
Net annual income (TTM): -$4.63M as of Sep 30, 2023
Free cash flow (TTM): -$79.91M as of Sep 30, 2023
Net Debt Last Fiscal Year: $559.65M as of Sep 30, 2023
Shares outstanding: 231,422,390 as of Feb 23, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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