This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Oplink Reports Fourth Quarter And Fiscal 2010 Financial Results

Oplink Communications, Inc. (Nasdaq: OPLK), a leading provider of design, integration and optical manufacturing solutions (OMS) for optical networking components, modules and subsystems, today reported its financial results for its fourth quarter and fiscal year ended June 30, 2010.

Revenues for the quarter were $38.9 million, an increase of 16% over $33.6 million reported for the third quarter of fiscal 2010. Net income for the fourth quarter of fiscal 2010 was $3.6 million, or $0.17 per diluted share, compared to $2.6 million, or $0.12 per diluted share, reported for the third quarter of fiscal 2010.

Non-GAAP net income for the fourth quarter of fiscal 2010 was $6.0 million, or $0.28 per diluted share, compared to non-GAAP net income of $4.8 million, or $0.22 per diluted share, reported for the third quarter of fiscal 2010. Fourth quarter fiscal 2010 non-GAAP results exclude $1.5 million in stock compensation and $999,000 in amortization of intangible assets. Third quarter fiscal 2010 non-GAAP results exclude $1.3 million in stock compensation and $958,000 in amortization of intangibles.

Oplink closed the fiscal year with cash, cash equivalents and investments of $160.3 million. During the quarter ended June 30, 2010, Oplink repurchased $20.8 million of its common stock.

For fiscal year 2010, total revenue was $138.8 million and GAAP net income was $11.1 million, or $0.51 per share. This compares to revenue of $143.7 million and a GAAP net loss of $13.8 million, or ($0.67) per share, reported for fiscal year 2009.

Non-GAAP net income for fiscal year 2010 was $20.9 million, or $0.97 per diluted share, compared to non-GAAP net income of $11.0 million, or $0.52 per diluted share, reported for the prior year. Fiscal year 2010 non-GAAP results exclude $6.0 million in stock compensation and $3.8 million in amortization of intangibles. Fiscal 2009 non-GAAP results exclude $5.4 million in stock compensation, $3.8 million in amortization of intangibles, $4.1 million in provision for excess and obsolete inventory, $10.8 million in impairment charge and other costs and $725,000 in loss on sale of assets.

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
OPLK $24.23 -0.12%
AAPL $130.87 -1.30%
FB $79.69 -1.10%
GOOG $531.78 -1.50%
TSLA $249.47 0.70%

Markets

DOW 18,063.99 -168.03 -0.92%
S&P 500 2,108.24 -17.82 -0.84%
NASDAQ 5,036.0930 -53.2690 -1.05%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs