Lumentum Holdings Inc (OQ:LITE)
Business Focus: Communications & Networking
| Sector: Technology | Industry: Communications & Networking |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1001 Ridder Park Dr SAN JOSE CA 95131-2314 |
| Tel: | N/A |
| Website: | https://investor.lumentum.com |
| IR: | See website |
| Key People | ||
| Alan S. Lowe President, Chief Executive Officer, Director | Wajid Ali Chief Financial Officer, Executive Vice President | Vincent Retort Chief Operating Officer, Executive Vice President |
| Jason Reinhardt Executive Vice President, Chief Transformation Officer | Jae Kim Senior Vice President, General Counsel, Company Secretary | |
| Business Overview |
| Lumentum Holdings Inc. is a provider of optical and photonic products addressing a range of end market applications including Optical Communications (OpComms) and Commercial Lasers (Lasers) for manufacturing, inspection and life-science applications. Its segments include OpComms and Lasers. Its OpComms segment includes a range of components, modules and subsystems to support customers including carrier networks for access (local), metro (intracity), long-haul (city-to-city and worldwide) and submarine (undersea) applications. In addition, its products address enterprise, cloud, and data center applications, including storage-access networks (SANs), local-area networks (LANs) and wide-area networks (WANs), as well as artificial intelligence and machine learning (AI/ML). Its Laser products are used in a variety of original equipment manufacturers (OEMs) applications, including diode-pumped solid-state, fiber, diode, direct-diode and gas lasers, such as argon-ion and helium-neon lasers. |
| Financial Overview |
| For the 26 weeks ended 30 December 2023, Lumentum Holdings Inc revenues decreased 32% to $684.4M. Net loss increased from $32.1M to $167M. Revenues reflect Cloud & networking segment decrease of 43% to $516.4M, Other Asia Pacific segment decrease of 48% to $114.4M, South Korea segment decrease of 62% to $45.8M. Higher net loss reflects Foreign exchange gains (losses), net decrease from $4.9M (income) to $4.2M (expense). |
| Employees: | 7,500 as of Jul 1, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $4,458M as of Dec 30, 2023 |
| Annual revenue (TTM): | $1,439M as of Dec 30, 2023 |
| EBITDA (TTM): | -$56.50M as of Dec 30, 2023 |
| Net annual income (TTM): | -$266.50M as of Dec 30, 2023 |
| Free cash flow (TTM): | -$97.20M as of Dec 30, 2023 |
| Net Debt Last Fiscal Year: | $1,597M as of Dec 30, 2023 |
| Shares outstanding: | 67,400,000 as of Dec 30, 2023 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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