Lumentum Holdings Inc.
Lumentum Reports Fiscal Q4 2024 Results and Provides Outlook
Summary
Lumentum Holdings Inc. reported a net revenue of $308.3 million for the fiscal fourth quarter of 2024, with a GAAP net loss of $252.5 million, or $3.72 per diluted share, and a non-GAAP net income of $4.0 million, or $0.06 per diluted share. For the full year 2024, net revenue was $1,359.2 million with a GAAP net loss of $546.5 million, or $8.12 per diluted share, and a non-GAAP net income of $68.7 million, or $1.01 per diluted share. The company held $887.0 million in total cash, cash equivalents, and short-term investments at the end of the fiscal fourth quarter of 2024. The financial information and reconciliations between GAAP and non-GAAP measures are furnished as Exhibit 99.1.
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Exhibits (1)
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About Lumentum Holdings Inc.
Lumentum Holdings Inc. is a leading designer and manufacturer of optical and photonic products serving diverse sectors such as telecommunications, data communications, and industrial applications. The company's core offerings include cutting-edge components and modules like optical transceivers, amplifiers, and active components which facilitate the transmission of data over fiber optic networks. Additionally, Lumentum develops industrial lasers that are critical in material processing and precision manufacturing industries. Their advanced laser products are employed in various applications from semiconductor fabrication to automotive manufacturing. Established as a spin-off from JDS Uniphase Corporation in 2015, Lumentum has been instrumental in propelling the transition to high-speed data networks and supporting the backbone of modern communication infrastructures. Its innovations play a critical role in enhancing network efficiency, bandwidth, and overall optical performance, positioning the company as a vital player in the ongoing evolution of global telecommunications and industrial technologies.
Official SEC Documents
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