SUNNYVALE, CA--(Marketwired - June 18, 2015) - Finisar Corporation (
COMMENTARY
"Revenues for our fourth fiscal quarter were $320.0 million, an increase of $13.8 million, or 4.5% compared to the prior quarter," said Jerry Rawls, Finisar's executive Chairman of the Board. "Revenue growth was primarily driven by the benefit from an extra week in the fourth quarter partially offset by the impact of Chinese New Year."
"We also reported record revenue for the full fiscal year 2015, an increase of 8.1% over fiscal 2014, primarily driven by demand for datacom applications," said Eitan Gertel, Finisar's Chief Executive Officer.
FINANCIAL HIGHLIGHTS - Fourth QUARTER ENDED May 3, 2015 | ||||
Summary GAAP Results | Fourth | Third | ||
Quarter | Quarter | |||
Ended | Ended | |||
May 3, 2015 | January 25, 2015 | |||
(in thousands, except per share amounts) | ||||
Revenues | $320,042 | $306,283 | ||
Gross margin | 27.9% | 25.5% | ||
Operating expenses | $78,933 | $74,552 | ||
Operating income (loss) | $10,284 | $3,401 | ||
Operating margin | 3.2% | 1.1% | ||
Net income (loss) | $7,327 | $1,678 | ||
Income per share - basic | $0.07 | $0.02 | ||
Income per share - diluted | $0.07 | $0.02 | ||
Basic shares | 104,005 | 103,563 | ||
Diluted shares | 107,535 | 105,990 | ||
Summary Non-GAAP Results (a) | Fourth | Third | ||
Quarter | Quarter | |||
Ended | Ended | |||
May 3, 2015 | January 25, 2015 | |||
(in thousands, except per share amounts) | ||||
Revenues | $320,042 | $306,283 | ||
Gross margin | 30.3% | 30.0% | ||
Operating expenses | $68,167 | $65,128 | ||
Operating income | $28,831 | $26,852 | ||
Operating margin | 9.0% | 8.8% | ||
Net income | $26,873 | $26,706 | ||
Income per share - basic | $0.26 | $0.26 | ||
Income per share - diluted | $0.25 | $0.25 | ||
Basic shares | 104,005 | 103,563 | ||
Diluted shares | 107,535 | 105,990 | ||
(a) | In evaluating the operating performance of Finisar's business, Finisar management utilizes financial measures that exclude certain charges and credits required by U.S. generally accepted accounting principles, or GAAP, that are considered by management to be outside Finisar's core operating results. A reconciliation of Finisar's non-GAAP financial measures to the most directly comparable GAAP measures, as well as additional related information, can be found under the heading "Finisar Non-GAAP Financial Measures" below. | |
Financial Statement Highlights for the Fourth Quarter of Fiscal 2015:
FINANCIAL HIGHLIGHTS - FISCAL YEAR 2015 ENDED May 3, 2015 | ||||
Summary GAAP Results | ||||
Fiscal Year | Fiscal Year | |||
Ended | Ended | |||
May 3, 2015 | April 27, 2014 | |||
(in thousands, except per share amounts) | ||||
Revenues | $1,250,944 | $1,156,833 | ||
Gross margin | 28.1% | 34.3% | ||
Operating expenses | $324,116 | $285,584 | ||
Operating income | $26,794 | $111,415 | ||
Operating margin | 2.1% | 9.6% | ||
Net income | $11,887 | $111,787 | ||
Income per share - basic | $0.12 | $1.16 | ||
Income per share - diluted | $0.11 | $1.09 | ||
Basic shares | 101,408 | 95,979 | ||
Diluted shares | 104,970 | 104,112 | ||
Summary Non-GAAP Results (a) | ||||
Fiscal Year | Fiscal Year | |||
Ended | Ended | |||
May 3, 2015 | April 27, 2014 | |||
(in thousands, except per share amounts) | ||||
Revenues | $1,250,944 | $1,156,833 | ||
Gross margin | 30.9% | 35.9% | ||
Operating expenses | $270,040 | $253,202 | ||
Operating income | $116,071 | $162,341 | ||
Operating margin | 9.3% | 14.0% | ||
Net income | $110,376 | $157,021 | ||
Income per share - basic | $1.09 | $1.64 | ||
Income per share - diluted | $1.04 | $1.53 | ||
Basic shares | 101,408 | 95,979 | ||
Diluted shares | 106,819 | 104,112 | ||
(a) | In evaluating the operating performance of Finisar's business, Finisar management utilizes financial measures that exclude certain charges and credits required by U.S. generally accepted accounting principles, or GAAP, that are considered by management to be outside Finisar's core operating results. A reconciliation of Finisar's non-GAAP financial measures to the most directly comparable GAAP measures, as well as additional related information, can be found under the heading "Finisar Non-GAAP Financial Measures" below. | |
Financial Statement Highlights for fiscal 2015:
OUTLOOK
The Company indicated that for the first quarter of fiscal 2016 it currently expects revenues in the range of $308 to $328 million, non-GAAP gross margin of approximately 30.5%, non-GAAP operating margin of approximately 8.8% to 9.8%, and non-GAAP earnings per diluted share in the range of approximately $0.23 to $0.29. Please note that the first quarter fiscal 2016 will have 13 weeks compared to 14 weeks in the preceding quarter.
CONFERENCE CALL
Finisar will discuss its financial results for the fourth quarter and current business outlook during its regular quarterly conference call scheduled for Thursday, June 18, 2015, at 2:00 pm PT (5:00 pm ET). To listen to the call you may connect through the Finisar investor relations page at http://investor.finisar.com/ or dial 877-397-0286 (domestic) or + 719-325-4857 (international) and enter conference ID 9819662.
An audio replay will be available for two weeks following the call by dialing 1-888-203-1112 (domestic) or +1-719-457-0820 and then following the prompts: enter conference ID 9819662 and provide your name, affiliation, and contact number. A replay of the webcast will be available shortly after the conclusion of the call on the Company's website until the next regularly scheduled earnings conference call.
SAFE HARBOR UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release contains forward-looking statement concerning Finisar's expected financial performance. These statements are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on our current expectations, estimates, assumptions and projections about our business and industry, and the markets and customers we serve, and they are subject to numerous risks and uncertainties that may cause these forward-looking statements to be inaccurate. Finisar assumes no obligation to update any such forward-looking statements. Forward-looking statements involve risks and uncertainties which could cause actual results to differ materially from those projected. Examples of such risks include those associated with: the uncertainty of customer demand for Finisar's products; the rapidly evolving markets for Finisar's products and uncertainty regarding the development of these markets; Finisar's historical dependence on sales to a limited number of customers and fluctuations in the mix of products and customers in any period; ongoing new product development and introduction of new and enhanced products; the challenges of rapid growth followed by periods of contraction; intensive competition; and the uncertainty of achieving anticipated cost savings and synergies in connection with the recently completed u2t acquisition. Further information regarding these and other risks relating to Finisar's business is set forth in Finisar's annual report on Form 10-K (filed June 26, 2014) and quarterly SEC filings.
ABOUT FINISAR
Finisar Corporation (
FINISAR FINANCIAL STATEMENTS The following financial tables are presented in accordance with GAAP.
Finisar Corporation | |||||||||||||||||
Consolidated Statements of Operations | |||||||||||||||||
(Unaudited, in thousands, except per share data) | |||||||||||||||||
Three Months Ended | Twelve Months Ended | Three Months Ended | |||||||||||||||
May 03, 2015 | April 27, 2014 | May 03, 2015 | April 27, 2014 | January 25, 2015 | |||||||||||||
Revenues | $ | 320,042 | $ | 306,025 | $ | 1,250,944 | $ | 1,156,833 | $ | 306,283 | |||||||
Cost of revenues | 229,390 | 208,135 | 888,573 | 754,773 | 221,173 | ||||||||||||
Impairment of acquired developed technology and other long-lived assets | - | - | 5,722 | - | 5,722 | ||||||||||||
Amortization of acquired developed technology | 1,435 | 1,326 | 5,739 | 5,061 | 1,435 | ||||||||||||
Gross profit | 89,217 | 96,564 | 350,910 | 396,999 | 77,953 | ||||||||||||
Gross margin | 27.9% | 31.6% | 28.1% | 34.3% | 25.5% | ||||||||||||
Operating expenses: | |||||||||||||||||
Research and development | 51,117 | 48,132 | 202,089 | 183,355 | 48,782 | ||||||||||||
Sales and marketing | 11,800 | 11,509 | 46,178 | 46,547 | 10,926 | ||||||||||||
General and administrative | 15,303 | 15,133 | 72,856 | 53,214 | 14,062 | ||||||||||||
Impairment of acquired developed technology and other long-lived assets | - | - | 45 | - | 45 | ||||||||||||
Amortization of purchased intangibles | 713 | 683 | 2,948 | 2,468 | 737 | ||||||||||||
Total operating expenses | 78,933 | 75,457 | 324,116 | 285,584 | 74,552 | ||||||||||||
Income from operations | 10,284 | 21,107 | 26,794 | 111,415 | 3,401 | ||||||||||||
Interest income | 536 | 485 | 1,811 | 1,319 | 321 | ||||||||||||
Interest expense | (3,335) | (2,965) | (12,022) | (5,547) | (2,686) | ||||||||||||
Other income (expenses), net | 4,041 | 8,124 | 4,099 | 7,234 | 2,051 | ||||||||||||
Income before income taxes and non-controlling interest | 11,526 | 26,751 | 20,682 | 114,421 | 3,087 | ||||||||||||
Provision (benefits) for income taxes | 4,199 | (1,932) | 8,795 | 2,884 | 1,409 | ||||||||||||
Income before non-controlling interest | 7,327 | 28,683 | 11,887 | 111,537 | 1,678 | ||||||||||||
Adjust for net loss attributable to non-controlling interest | - | 67 | - | 250 | - | ||||||||||||
Net income attributable to Finisar Corporation | $ | 7,327 | $ | 28,750 | $ | 11,887 | $ | 111,787 | $ | 1,678 | |||||||
Net income per share attributable to Finisar Corporation common stockholders: | |||||||||||||||||
Basic | $ | 0.07 | $ | 0.30 | $ | 0.12 | $ | 1.16 | $ | 0.02 | |||||||
Diluted | $ | 0.07 | $ | 0.28 | $ | 0.11 | $ | 1.09 | $ | 0.02 | |||||||
Shares used in computing net income per share - basic | 104,005 | 96,965 | 101,408 | 95,979 | 103,563 | ||||||||||||
Shares used in computing net income per share - diluted | 107,535 | 105,418 | 104,970 | 104,112 | 105,990 | ||||||||||||
Finisar Corporation |
Consolidated Balance Sheets |
(in thousands) |
May 03, 2015 | January 25, 2015 | October 26, 2014 | July 27, 2014 | April 27, 2014 | ||||||||||
(Unaudited) | (Unaudited) | (Unaudited) | ||||||||||||
ASSETS | ||||||||||||||
Current assets: | ||||||||||||||
Cash and cash equivalents | $ | 197,443 | $ | 198,344 | $ 186,952 | $ 287,455 | $ 303,101 | |||||||
Short-term held-to-maturity investments | 292,748 | 290,520 | 290,478 | 209,927 | 209,922 | |||||||||
Accounts receivable, net | 213,234 | 210,116 | 213,721 | 231,312 | 225,020 | |||||||||
Accounts receivable, other | 40,650 | 41,540 | 34,573 | 41,595 | 33,749 | |||||||||
Inventories | 283,670 | 277,862 | 284,789 | 270,122 | 259,759 | |||||||||
Prepaid expenses and other assets | 36,518 | 37,265 | 38,065 | 38,582 | 33,022 | |||||||||
Total current assets | 1,064,263 | 1,055,647 | 1,048,578 | 1,078,993 | 1,064,573 | |||||||||
Property, equipment and improvements, net | 315,777 | 304,547 | 306,331 | 301,020 | 273,328 | |||||||||
Purchased intangible assets, net | 27,188 | 29,336 | 31,508 | 33,680 | 34,141 | |||||||||
Goodwill | 106,735 | 106,735 | 106,735 | 106,735 | 106,115 | |||||||||
Minority investments | 2,847 | 2,647 | 2,547 | 2,317 | 2,117 | |||||||||
Other assets | 35,072 | 22,444 | 22,528 | 20,907 | 17,272 | |||||||||
Total assets | $ | 1,551,882 | $ | 1,521,356 | $ 1,518,227 | $ 1,543,652 | $ 1,497,546 | |||||||
LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||||||||||
Current liabilities: | ||||||||||||||
Accounts payable | $ | 131,510 | $ | 123,895 | $ 113,235 | $ 143,224 | $ 119,439 | |||||||
Accrued compensation | 24,918 | 30,632 | 35,354 | 28,215 | 38,541 | |||||||||
Other accrued liabilities | 39,238 | 32,029 | 33,716 | 27,815 | 31,776 | |||||||||
Deferred revenue | 9,850 | 11,240 | 12,358 | 16,872 | 16,659 | |||||||||
Current portion of convertible notes | - | - | 36,665 | 40,015 | 40,015 | |||||||||
Total current liabilities | 205,516 | 197,796 | 231,328 | 256,141 | 246,430 | |||||||||
Long-term liabilities: | ||||||||||||||
Convertible notes, net of current portion | 221,406 | 219,072 | 216,775 | 214,496 | 212,253 | |||||||||
Other non-current liabilities | 21,167 | 24,184 | 24,900 | 24,042 | 22,804 | |||||||||
Total liabilities | 448,089 | 441,052 | 473,003 | 494,679 | 481,487 | |||||||||
Stockholders' equity: | ||||||||||||||
Common stock | 104 | 104 | 100 | 100 | 97 | |||||||||
Additional paid-in capital | 2,551,114 | 2,537,231 | 2,485,133 | 2,469,687 | 2,456,110 | |||||||||
Accumulated other comprehensive income | 861 | (1,418) | 17,282 | 25,116 | 20,025 | |||||||||
Accumulated deficit | (1,448,286 | ) | (1,455,613) | (1,457,291) | (1,445,930) | (1,460,173) | ||||||||
Total stockholders' equity | 1,103,793 | 1,080,304 | 1,045,224 | 1,048,973 | 1,016,059 | |||||||||
Total liabilities and stockholders' equity | $ | 1,551,882 | $ | 1,521,356 | $ 1,518,227 | $ 1,543,652 | $ 1,497,546 | |||||||
Note - Balance sheet amounts as of April 27, 2014 are derived from the audited consolidated financial statements as of the date. | ||||||||||||||
FINISAR NON-GAAP FINANCIAL MEASURES
In addition to reporting financial results in accordance with U.S. generally accepted accounting principles, or GAAP, Finisar provides the following financial measures defined as non-GAAP financial measures by the Securities and Exchange Commission: non-GAAP gross profit, non-GAAP operating income and non-GAAP income per share. These non-GAAP financial measures are supplemental information regarding the Company's operating performance on a non-GAAP basis that excludes certain gains, losses and charges of a non-cash nature or which occur relatively infrequently and which management considers to be outside our core operating results. Some of these non-GAAP measures also exclude the ongoing impact of historical business decisions made in different business and economic environments. Management believes that tracking non-GAAP gross profit, non-GAAP income from operations, non-GAAP net income and non-GAAP net income per share provides management and the investment community with valuable insight into our current operations, our ability to generate cash and the underlying business trends which are affecting our performance. These non-GAAP measures are used by both management and our Board of Directors, along with the comparable GAAP information, in evaluating our current performance and planning our future business activities. In particular, management finds it useful to exclude non-cash charges in order to better correlate our operating activities with our ability to generate cash from operations and to exclude certain cash charges as a means of more accurately predicting our liquidity requirements. We believe that these non-GAAP measures, when used in conjunction with our GAAP financial information, also allow investors to better evaluate our financial performance in comparison to other periods and to other companies in our industry.
In calculating non-GAAP gross profit in this release, we have excluded the following items from cost of revenues in applicable periods in this release:
In calculating non-GAAP operating income in this release, we have excluded the same items to the extent they are classified as operating expenses, and have also excluded the following items in applicable periods in this release:
In calculating non-GAAP income and non-GAAP income per share in this release, we have also excluded the following items in applicable periods in this release:
A reconciliation of this non-GAAP financial information to the corresponding GAAP information is set forth below:
Finisar Corporation | |||||||||||||||||
Reconciliation of Results of Operations under GAAP and non-GAAP | |||||||||||||||||
(Unaudited, in thousands, except per share data) | |||||||||||||||||
Three Months Ended | Twelve Months Ended | Three Months Ended | |||||||||||||||
May 03, 2015 | April 27, 2014 | May 03, 2015 | April 27, 2014 | January 25, 2015 | |||||||||||||
GAAP to non-GAAP reconciliation of gross profit: | |||||||||||||||||
Gross profit - GAAP | $ | 89,217 | $ | 96,564 | $ | 350,910 | $ | 396,999 | $ | 77,953 | |||||||
Gross margin - GAAP | 27.9% | 31.6% | 28.1% | 34.3% | 25.5% | ||||||||||||
Adjustments: | |||||||||||||||||
Cost of revenues | |||||||||||||||||
Change in excess and obsolete inventory reserve | 2,752 | 3,384 | 10,293 | 3,439 | 3,772 | ||||||||||||
Amortization of acquired technology | 1,435 | 1,326 | 5,739 | 5,061 | 1,435 | ||||||||||||
Duplicate facility costs during facility move | 4 | 776 | 6 | ||||||||||||||
Stock compensation | 2,692 | 2,531 | 10,216 | 8,738 | 2,660 | ||||||||||||
Abandonment of fixed assets | - | - | 124 | - | - | ||||||||||||
Impairment of long-lived assets | 420 | - | 6,142 | - | 5,722 | ||||||||||||
Acquisition method accounting adjustment for sale of acquired inventory | - | 822 | - | 822 | - | ||||||||||||
Reduction in force costs | 406 | 124 | 1,571 | 228 | 371 | ||||||||||||
Acquisition related retention payment | 72 | 62 | 340 | 256 | 61 | ||||||||||||
Total cost of revenue adjustments | 7,781 | 8,249 | 35,201 | 18,544 | 14,027 | ||||||||||||
Gross profit - non-GAAP | 96,998 | 104,813 | 386,111 | 415,543 | 91,980 | ||||||||||||
Gross margin - non-GAAP | 30.3% | 37.2% | 30.9% | 35.9% | 30.0% | ||||||||||||
GAAP to non-GAAP reconciliation of operating income: | |||||||||||||||||
Operating income - GAAP | 10,284 | 21,107 | 26,794 | 111,415 | 3,401 | ||||||||||||
Operating margin - GAAP | 3.2% | 6.9% | 2.1% | 9.6% | 1.1% | ||||||||||||
Adjustments: | |||||||||||||||||
Total cost of revenue adjustments | 7,781 | 8,249 | 35,201 | 18,544 | 14,027 | ||||||||||||
Research and development | |||||||||||||||||
Reduction in force costs | 82 | - | 790 | 28 | 23 | ||||||||||||
Acquisition related retention payment | 104 | 190 | 595 | 761 | 132 | ||||||||||||
Stock compensation | 5,084 | 4,056 | 18,916 | 15,645 | 4,669 | ||||||||||||
Duplicate facility costs during facility move | 143 | - | 1,009 | - | 99 | ||||||||||||
Impairment of acquired R&D reimbursement receivable | 87 | - | 87 | - | - | ||||||||||||
Sales and marketing | |||||||||||||||||
Acquisition related retention payment | 12 | 17 | 50 | 68 | 9 | ||||||||||||
Stock compensation | 1,749 | 1,406 | 6,503 | 5,341 | 1,600 | ||||||||||||
General and administrative | |||||||||||||||||
Reduction in force costs | - | 69 | 103 | 227 | 49 | ||||||||||||
Duplicate facility costs | - | - | 152 | - | 36 | ||||||||||||
Acquisition related retention payment | 8 | 8 | (24) | 1,044 | 7 | ||||||||||||
Stock compensation | 2,894 | 2,525 | 10,977 | 10,229 | 2,654 | ||||||||||||
Payroll taxes related to options investigation | 17 | - | 34 | - | - | ||||||||||||
Acquisition related costs | 18 | 567 | 292 | 1,507 | 36 | ||||||||||||
Litigation settlements and resolutions and related costs (benefits) | (6) | 5 | 11,748 | 15 | (662) | ||||||||||||
Shareholder class action and derivative litigation costs (benefits) | (138) | - | (148) | (4,951) | (10) | ||||||||||||
Amortization of purchased intangibles | 713 | 683 | 2,948 | 2,468 | 737 | ||||||||||||
Impairment of long-lived assets | (1) | - | 44 | - | 45 | ||||||||||||
Total cost of revenue and operating expense adjustments | 18,547 | 17,775 | 89,277 | 50,926 | 23,451 | ||||||||||||
Operating income - non-GAAP | 28,831 | 38,882 | 116,071 | 162,341 | 26,852 | ||||||||||||
Operating margin - non-GAAP | 9.0% | 12.7% | 9.3% | 14.0% | 8.8% | ||||||||||||
GAAP to non-GAAP reconciliation of income attributable to Finisar Corporation: | |||||||||||||||||
Net income attributable to Finisar Corporation - GAAP | 7,327 | 28,750 | 11,887 | 111,787 | 1,678 | ||||||||||||
Adjustments: | |||||||||||||||||
Total cost of revenue and operating expense adjustments | 18,547 | 17,775 | 89,277 | 50,926 | 23,451 | ||||||||||||
Non-cash imputed interest expenses on convertible debt | 2,334 | 2,225 | 9,153 | 3,152 | 2,297 | ||||||||||||
Imputed interest related to restructuring | 47 | 53 | 196 | 220 | 48 | ||||||||||||
Amortization of debt issuance costs | 616 | - | 616 | - | - | ||||||||||||
Other (income) expense, net | |||||||||||||||||
Loss (gain) on sale of assets | (559) | (8,156) | (317) | (8,291) | 31 | ||||||||||||
Gain related to minority investments | (1,470) | - | (1,470) | (743) | - | ||||||||||||
Other miscellaneous income | (850) | - | (1,028) | (5) | (167) | ||||||||||||
Foreign exchange transaction (gain) or loss | (607) | (69) | 1,373 | 2,490 | (338) | ||||||||||||
Amortization of debt issuance costs | (462) | 155 | - | 231 | 154 | ||||||||||||
Provision for income taxes | |||||||||||||||||
Income tax provision adjustments | 1,950 | (3,737) | 689 | (3,116) | (448) | ||||||||||||
Non-controlling interest non-GAAP adjustment | - | (4) | - | 370 | - | ||||||||||||
Total adjustments | 19,546 | 8,242 | 98,489 | 45,234 | 25,028 | ||||||||||||
Net income attributable to Finisar Corporation - non-GAAP | $ | 26,873 | $ | 36,992 | $ | 110,376 | $ | 157,021 | $ | 26,706 | |||||||
Non-GAAP income attributable to Finisar Corporation | $ | 26,873 | $ | 36,992 | $ | 110,376 | $ | 157,021 | $ | 26,706 | |||||||
Add: interest expense for dilutive convertible notes | - | 539 | 1,072 | 2,156 | - | ||||||||||||
Adjusted non-GAAP income attributable to Finisar Corporation | $ | 26,873 | $ | 37,531 | $ | 111,448 | $ | 159,177 | $ | 26,706 | |||||||
Non-GAAP income per share attributable to Finisar Corporation common stockholders | |||||||||||||||||
Basic | $ | 0.26 | $ | 0.38 | $ | 1.09 | $ | 1.64 | $ | 0.26 | |||||||
Diluted | $ | 0.25 | $ | 0.36 | $ | 1.04 | $ | 1.53 | $ | 0.25 | |||||||
Shares used in computing non-GAAP income per share attributable to Finisar Corporation common stockholders | |||||||||||||||||
Basic | 104,005 | 96,965 | 101,408 | 95,979 | 103,563 | ||||||||||||
Diluted | 107,535 | 105,418 | 106,819 | 104,112 | 105,990 | ||||||||||||
Non-GAAP EBITDA | |||||||||||||||||
Non-GAAP income attributable to Finisar Corporation | $ | 26,873 | $ | 36,992 | $ | 110,376 | $ | 157,021 | $ | 26,706 | |||||||
Depreciation expense | 20,488 | 17,518 | 82,422 | 62,026 | 21,371 | ||||||||||||
Amortization | - | 94 | 72 | 376 | - | ||||||||||||
Interest expense | (197) | 202 | 247 | 856 | 20 | ||||||||||||
Income tax expense | 2,249 | 1,805 | 8,106 | 6,000 | 1,857 | ||||||||||||
Non-GAAP EBITDA | $ | 49,413 | $ | 56,611 | $ | 201,223 | $ | 226,279 | $ | 49,954 | |||||||
Finisar-F
Contact Information:
Investor Contact:
Kurt Adzema
Chief Financial Officer
408-542-5050
Investor.relations@finisar.com
Press contact:
Victoria McDonald
Director, Corporate Communications
408-542-4261