NPTN - Earnings call transcript Q2 2021

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Operator

Good day, everyone. Welcome to the NeoPhotonics Second Quarter 2021 Conference Call. This call is being webcast live on the company's website at www.neophotonics.com on the Events page of the Investors section. This call is the property of NeoPhotonics and any recording, reproduction or transmission of this call without the expressed written consent of NeoPhotonics is prohibited. I'll now turn the call over to Erica Mannion at Sapphire Investor Relations. ahead. go Please

Erica Mannion

you results Thank outlook us discuss to the Good the for second operating XXXX. for quarter and quarter NeoPhotonics' third afternoon. of joining of for XXXX

statements highest second Chairman non-GAAP the the statements provide and company's not and include and Officer On call include General and Beth the third opening will can call SEC is NeoPhotonics' the release financial other found being provided website. Officer. and press the to webcast and Various income and and the for differ Chief in technology Manager discussion inventory actual the could of than or for are discussions review in of begin industry today today not Tim measures and with balance are questions. projections performance GAAP. to for product will levels, considered subsequent future during with These all the and and CEO; company's call, are to and rights this GAAP second and historical contained Yuen, a measures growth are involve and Chief the and regarding priority the certain press be in X-K and call the conference Wupen Investor and materially. Wupen and unless demand, These a or substitute management in technology a prepared information; prepared Product products, copyright for this quarter uncertainties, quarter accordance Financial results The measures forward-looking risks for Tim related customer percentages economic factors outlook Eby, and statement facts, Jenks, statements of non-GAAP development, which sheet section before otherwise GAAP a superior product. non-GAAP then a events. quarter financial noted. may include of of Material in amounts reserved. will financial of Form Certain not cause XXXX in with business company's sole market. revenue, results, summary results with of statements Beth provide in be accordance are that financial measures Relations all with provide speed reconciliation business on drivers release NeoPhotonics, of relevant filed results financial the

quarterly our X, of Some described in at press have and filings. SEC August and XXXX, set these factors dated length are been forth annual our release in

call Now over I to turn Jenks. the Tim CEO, will

Tim Jenks

accelerating over NeoPhotonics XXX% again margin Thank is million. grew these The could supply in growth ongoing gig despite last XXX above believe as revenue. demand we're above that you, last gross year. same XXX revenue chain challenges We be revenue and Erica early still end upper achieve results of in and above and XXX for for past were of years. our strong and guidance $XX mentioned with the second the demand were range. good And and in for innings. suggests our XX% Products afternoon. in in Both applications gig period gig delivered XXXX than seeing results of higher We strong quarter products solutions we the total quarter.

growth. we to entering are As believe the higher we move new market continues to speeds of a these era

modules. solutions carriers CapEx coherent We've XXX increase data our and coherent driven most and core their hyperscale XXX sampling gig our gig applications and to expect rates our for Telecom cloud been to above XXX and centers. date, revenue to gig have these and spending see module gig hyperscalers for of Our XXX deployment components products above we cloud and coherent

are are we links cloud cloud in begin expansion and we to at the that expansion and growth, broad These internet least hyperscale rapidly for This accelerated interconnects We such distance XXXZR a centers expand market. learning, will coherent enabled networks XXXZR+ expand telecom at XXXZR we the deploying will and networks. requirements of cycle applications. years. cloud The cloud Metro served traffic fourth of in bandwidth followed trends interconnects and our expanding deliver longer based data significantly providers believe beginning Metro edge similarly to for ZR for with high applications market adoption the by several and expect coherent believe and the started cloud into market market will quarter; in Rapid vehicles cloud machine with service huge adopting autonomous and adoption applications has content market. applications XXXZR soon mega overlapping as and is be expected provider interconnect rival XXXZR+ XXXZR+ each of AI in speed XXXZR connect.

are hyperscale in component laser XXX XXX the are gig XXXX. in Our modules, network tunable networks. designed line with ultra gig our ramp XXX such virtually and and customers late used leading high we XXX gig into above, XXXX, lasers speed and these choice equipment manufacturers that to products for XXXZR Also, are gig, now are all narrow cloud beginning products other of ahead and several for of module deployments by

qualification later leading modules with phases XXXZR hyperscalers. Our are in

believe growth volume The maturity, toward requirements. higher are the and deployments and we our move Our our industry plans. innovation and of target direction momentum ranging and continues modules ever industry's in that initial with to XXXZR expect performance customers in of performance leading have end in wide XXXZR+ We XXXX.

occurs, and value. can believe our speed this larger a increasingly this high performance of share and we NeoPhotonics optical high differentiator components capture will As be that the

Applications additions and Sales at Yuen, optical brings Most our Senior Sales. call board. as Bradford want past to and Worldwide Wupen team the and President This experience Wright highlight years Head the Cisco semiconductor month of we in recently, to of appointed he XX over of to to Global the executive communications Vice NeoPhotonics industries. Systems. I turning was Before Brad Component

where of Following Vice Acacia its Communications acquisition of Brad Sales. President was

as brings Chainey finance directors and new of audit of legal to and background Product Kimberly Sheri is serving automotive a Chainey Committee. serving committee strong two nominating contract a I'll background board. related these over while brings Chief manufacturing high With added controls, in delighted turn Governance our is our Miss and in member experience have aerospace directors to our affairs deep models. Savage in have our Savage We're a our the that, regulatory business Officer. the Miss has as a call and board. member Wupen Yuen, industries. to We caliber on

Wupen Yuen

Thank you, Tim good and afternoon.

applications. coherent elements have about We key product speed the for three our of highest suite over talked distance

extended XXXZR+ modules second, our third our light of leading and tunable ultra-pure including our coherent components modules; First reach XXXZR industry pluggable lasers.

reaches customers pluggable for tested QSFP-DD modules of the center Our as modules, been hyperscale interconnects with such optical multiple vendors' around forums implementation XXXZR internetworking are center XXX successfully at comply data in data agreements These leading have kilometers. other XXXZR demonstrating with applications our and with interoperability use modules.

or it Celsius data vertically requirements. temperatures Coherent tunable ultra reduce over power environments linewidth XXXZR Sub integrated our modules can Assembly XX in photonics ranging cooling silicon and COSA QSFP-DD consumption low be laser, that center degrees extended Our our to ITLA temperature Optical and operated up utilized narrow nano

High Our Operating hours XXXZR have passed HTOL modules of tests. qualification XXXX Life completed have Temperature reliability and Telcordia

continuing Our later our customers at XXXZR General Availability in stage modules and hyperscalers. qualification are now shipping while work to

modules QSFP-DD pluggable XXXZR+ extended serve Metro Our distances. reach

amplified coupled coherent We per gigabits XXX transmitting modules generation high our served record DWDM over QSFP-DD reaches, seven reach a pluggable systems in far capacity DWDM successfully in latest IP demonstrated with kilometers XXX coherent tunable fiber space DSPs QSFP-DD EDFA distance market. gigahertz total Our the module. to second for expanding XXXZR+ Metro a behind ultra-pure and QSFP-DD light of enabling performance a over XX increase the lasers of components our with modules distances our nanometer

CSPX For applications, we DCO more nano consumption. and embedded of even and match tunable with our gig at the of a coherent performance laser now or integrate XXX modules chassis-based indium power operating to receiver a size fraction stringent systems phosphide at modulator into

XX a components. multi believe X,XXX module for of already are transmission standard have we a for EDF roads of data performance. gigabits an channel Raman space to covering of for Each Metro path kilometers per providing gigabytes, new DCO rate a XXX adding stream Metro networks only all our CSPX gigahertz new our in speed these XX demonstrates of the XXX distance over accelerated second with XX is module at this our plan gigabytes second amplifiers, road distance coherent We products Moreover, top the grow pluggable rate without longest of high amplification. gigabits DCO per you and our on products suite high new distance We growth and over operation demonstrated pay speed new upgrade flexibility. enables demonstrated is using leadership applications each these in and CPX transmitting growth and and costly DWDM delivering coherent and important as revenue industry's

we XXXX, haul great see cloud modules and XXXZR+ potential for pluggable long to applications. these regional include Metro, Beyond

broad laser ultra market have the and announced gig speed cumulative our Showing industry shipped initiating is systems continued a pluggable high since receiver we skill X quality, our our leading lasers for ultra-pure chassis-based shipments leadership than reliability our our coherent in With lasers recently including of more acceptance due tunable modulator systems, components, Lastly, that chassis-based light foundation and to products XXX performance, we light and of gig coherent components, of at and for modules. all million of our tunable our in products high availability. have ultra-narrow tunable to total XXXX. their operating XXX performance

CDN for demonstrated beyond. continue linewidth for optical has DSPs. XX per ultra XXXZR+ and and components with XXX second recently distance DCI amplification ICR Metro pluggable are five We terabyte and another optical kilometers for Raman a the when which first, per industry In networks, over used class and shipping now of XXX tunable gigabyte demonstration These nanometer made XXX XXX gig our the again, coherent laser. next XX amplification. gigabits with versions gigabyte speeds modulator and away to our required point serve it we requiring receiver one micro performance second gig highest generation not versions paired along This EDSA are and narrow to solutions, developing driver XXXZR with coherent systems only XXX

Leo transportation satellite optics low satellites, orbit, coherent for in now gaining market inter new LIDAR. and are industrial portability applications, Earth applications for Our and links traction of including communication technology

we our over with chip performance CFO, navigation. autonomous components lines key integrated Beth I for applications coherent LIDAR scale solutions. as optical have solutions engagements communications power our from turn vehicle both the call multiple derived will include well our to high systems, that, including more in With LIDAR, as Eby. These For certain

Beth Eby

revenue and order. to and continued well high better the Thank through our margin. NeoPhotonics in execute expected gross afternoon. speed for good you, resulted Wupen, demand second than products Increased

$XX XXX As Tim lasers gig was above for have three products. and customers. In and our strong mentioned, we revenue demand million XX% quarter, on the

of timing QX the year. shipments basis. product QX As product somewhat was lack we The R&D to million issue. restarted new mix, mid levels on set in do we shift quarter, of the rate And for a capacity at accounting last not sales for a revenue $X.X charges. was million, quarterly in above digit excess expected of products. margin as Non-GAAP to and is an approximately said the be quarters. of of customer the We result to for shift previous single of limited to XX% run given to by Huawei materials related the Product introduction. margin the from in favorable offset our a expected be cost gross a expense XX.X% XX.X% we of of range $XX high millions their to was higher shipments Huawei expect

review the million to due underutilization indium charges. year. quarter drop loss QX expense last R&D per in million expect of complete expense $X.X allocated We for of was to $X.XX of previously to impact our a foreign loss capacity cents. cost volume Non-GAAP to FX was and $XX.X shift than share. This expected mentioned. on million these $X.X operating phosphide charges a an or net was primarily of second the the production, jurisdictions. resulted $XX.X was $X.XX loss lower loss we ramp higher Tax share close quarter consolidation non-GAAP in profits excess sales Non-GAAP estimate result lower a announced than statement midpoint of $X.XX of of $XX.X million the of I better of for a second operating I we due as the This will quarter our the discussion quarter GAAP and as a results. revenue. as is our higher to the out my last income million our with than

up was that compliance Second for due QX, write-down expense of in product million, quarter mostly based the million EOL for we $X.X product. down million This charge $XX.X to we loss depreciation inventory Operating XX.X% million, million gross supply $X.X to a materials margin from the Huawei. were stock and that was was QX, the throughout compensation the costs. charged a shipping on million on was accelerated could $XX.X expense. $X.X included and was continued net other XX.X% Operating million from mostly and of loss of write-down, uncertainty second $X.X R&D ensure to $XX.X this inventory chain amortization, quarter taken which

variable $XX from Days investments on and to million million, million balance QX with to as days, new the we quarter and we inventory improved to the of critical buffer pay $X inventory $XX costs, XXXX inventory product Turning XX down the million ramps. restricted in cash $XX startup sheet; new down down finished product product the compensation of was and cash, of the Net support the continue EOL. on even debt. payment

to increasing the and lasers demand our increase our for in we seeing particularly modules. XXX expected the gig components, Looking capable leading our for QX, demand are

adverse due However, a an QX. has new timing million supplier that in decommit to chip we on have shortage revenue $X a impact

possible have for actions mitigation our confirmed to the range. we have and progress the meet end outcomes, of inventory widened the allow We to low and in meaning have supply range

of that the working to to have could midpoint We end the actions mitigation the reach in high the and confidence range. us allow reach actions are

the QX. have While demand to non-GAAP supply to to are sufficient operating breakeven QX, profit extending the chain in achieve timing limitations reach we

cent of million $X.XX As are; a earnings These to loss per $XX gross September breakeven. reflective non-GAAP range GAAP $X.XX million, range a result, of basic of range in a XXXX margin are the numbers range million in non-GAAP in $XX revenue and XX%. to the loss share the margin diluted of GAAP per diluted $X.XX company's in expectations for to the earnings range loss of share the to the XX.X quarter of gross XX%; in approximately the XX% to XX% shares.

the at year rate to for the approaching continued the consistent we This one gig accelerated grow high expect levels forward year, Looking to capable reflects products. growth rest of And XX% XX%, to an the demand and XXX with ago. revenue Huawei. target of our of excluding above

and Over the longer term, to continue XXXZR+ market size estimates pluggable modules for increase. XXXZR

in we strength our forecasted module to the BIS structure accelerated restrictions pivot tightened customers. revenue As we size and our on the significant In we support following we year, parallel, to ramp, able ramps. confidence our gain maintain to of may capital review to Huawei. we focus customer Last that be cloud ensure lost flexibility

with we module half. doubling; XXX are the would As second track ports each QX. XXXZR products that Even ramp embarked to And those the gig operating on coherent path, non-GAAP new back we chain is get number supply on expected said above in XXXX. new profit of and we being for this the to goals in shipped approximately to would year we have we issues,

we XXX QX. Our year-over-year above year-over-year and or to total capable XXX% gig in expect be grew revenue XXX% growth higher. And

We later non-GAAP with QX. operating stage we hyperscale for profit in in target now XXXZR. are breakeven expect achieve to customers qualification And

forward path vectors that, year about up With company open our will with pleased are operator over last hyperscale our market. and Melinda? the are questions. excited and the in line growth additional now performance the for We our the

Operator

Instructions] Cowen our caller Silverstein take & We'll from Paul first Co. [Operator as

PaulSilverstein

so want got I've just guys. check we with, handful starting for questions math math QX. afternoon, did related of good right and a to Hey, my I

XX% be accurate? up that around Huawei year-over-year. Is business non you're to Your expecting

BethEby

sounds math little Certainly high. on for QX a the

PaulSilverstein

million said XX that But sorry, $XX about would that to in to you expecting go $X I'm the out in right? If you're backed QX mid Huawei, Huawei suggest while it QX, and ahead. single to digits of revenue, $XX million million be and I million to XX point, take around $X - at I

BethEby

right. about That's

at minute, last yes. Looking numbers for the

PaulSilverstein

some I the back to given to what there's that for any here, to Huawei you you know any what That shipping go the give Huawei; now, us us zero? but And are quarters next from three that two confidence give can raises insight? you is cases? the where's sensitivities or question, revenue insight not attending risk use can going

Tim Jenks

not very future the we but As we not XX% ago, depend risk going there. that will they're small products, we on and said, a have year or on company we'll they're on that's we're of Huawei. to don't level a the know And rely the what bears If customer accordingly. a operate number of

quarter it small essentially percent. a is several relatively So in a it's million dollars but

PaulSilverstein

the you In XG Huawei, build that have - visibility, these do components, going you're shipping terms into is a outs. and optical

Tim Jenks

are, We don't that expect no. they

PaulSilverstein

this can concerns seeing any Alright, expectations beyond? some in raised general, about for my share the question. morning you're backup China IPG last market are you in insight the China, what what

Tim Jenks

In some of to additional tenders the have reports XG. there related primarily China market, been

impact there limited equipment some between So China, There that network in be all are in the business. companies our we're it although our them. case, shifts on views has selling also of to share could

dependence us, specifics IPG the overall so a for our and on smaller business. couldn't comment but direction overall our for of And I it's

Operator

Northland Moving Markets. of Tim to Capital Savageaux on

TimSavageaux

flying sounds there. afternoon. of good. pretty around numbers Good Lot All

start So past of rate you with a on growth the I 'XX. about think in calendar it's let's to good. relative Anyway, years comment call accelerating made

so Or about we have in us here give talk you When some color obviously, there? think past gig I with about challenge comment? more particular we on years, you talking are a can XXX said then comparability. and that you

Tim Jenks

growth XXX different our growth we and the in gig. prepared growth remarks, And above has XXX that heavily on, two the gig So things that comment we our on in see there dependent are is I'd driving XXX XXX, for embedded and gig or systems, center components really data XXX and ZR+. potential it's streams is XXX revenue from XXX, chassis-based into gig coherent XXX is, gig modules going pieces, said the the two

share we all contrast is company, a from as hope so have business take the our we positive. important. see last these for a are your question. years And think in well I to that we additional answers terms And to position streams we of positioned, and the potential And larger potential value several that and think this this. the where we're revenue in these the of

TimSavageaux

mute there, that on was I question. No, Sorry, cut my not Tim, answer off. does don't me

different here. Or reiterated you I a to One, talked across XXX% I is try in to that referring can you So let's - terms axis to you two one you Huawei x in it there? those Either lines, try tell along that think, XXX acceleration, two do about XX% expect gig? accelerate? growth XX% those what and growth plus you're of down something of

Tim Jenks

that the to you Yes, would our year. And the on XX%. analyst x took XX% range, QX is would into XX% so through move prior year-to-date, we continue about are those and the questions think asked, Huawei growth x QX growth numbers Huawei based for that the if to

XXX is XXX% our and quarter So revenue above XX% year. the case gig over that and prior it grew it our of in the was the revenue, total second

rate. then the the as XXXZR+ of module growth, and the laser above XXX matter. equation rate XXXZR as So the XXXZR modules. our parts gig growth obviously are overall module is growth, that into growth The other growth our customers' growth high, not our But growth, component these and

Operator

Najam from LLC. question of MKM next Partners, our Fahad take we'll on, Moving

FahadNajam

XX% customers are that revenue Hi. have, just other customer Can but the X% give release us you you contribution what the XX-Q, you I information help you - can was? in know us, that this

Tim Jenks

three described customers required. have just XX% we We as we that have

BethEby

except name in don't K the - we when required. Yes, them in

FahadNajam

What the three? contribution? was was what their Well, two and Okay. revenue

BethEby

saying filings, in our XX%. where we that the be we've top So are got will five customers usual

FahadNajam

correctly? headwinds at All if guidance hear just have being guide? Okay. it QX shortages? the If the you say I you wasn't your heard component did out you So would an component right. equal midpoint QX million that you had million Did all I correctly, your for of for been $XX $X in

BethEby

moment. heard correctly, demand you me at not if our is the Yes, problem

Operator

hear we'll Company. Henderson Alex Next, Needham of & from

AlexHenderson

you. Thank

periods question XXX When when a production started it the rate is the the think this talked Have level ZR month, three stated about to any format? of point? you happen start might at units guess I And, have you hand I it you you to happen that orders material product this be which of, prior new Any that would So volumes? Is primary of do timing point? in these qualification, considered got going to in producing really actually production in but actually timing? you you've is for say actually the XQ? gig going sense Or think is of getting at be X,XXX ramp to the production in XQ? similarly, products in

Tim Jenks

a Let's of Alex. see. That was lot questions,

see that It is is question is XXXZR current The what chains think is could prepared their they are, who for shipping production, and QX. general I to availability as production QX. into in in the said product our production remarks also using to We my actual similarly we and some right key ordering for because other be rates companies delivery volumes, designed are Let's see. we're for levels timing are what on are the people our in lasers we the modules. capacity. announced supply in are so begin of deployment light expect lasers modules several producing, have And products relative now, we

AlexHenderson

meaningful orders the point. XXX for willing to at have ZR So you actually say gig you're this that not

Tim Jenks

you people I'm willing have large Are do, there? production to you? Alex, say because aren't we we yet. still if deploying don't I do lose orders

Operator

to on Genovese of We're WestPark moving Capital. Michael

MichaelGenovese

Great, thanks. Two questions.

XG of demand? anything back the long the just one, in in what And of do improved Is number think So half haul the quarter? last you you're in you what about about year? China seeing Metro terms can talk

Tim Jenks

tenders. into demand to fairly as it's seeing China XG And sell opposed component XG higher demand modest. But for we ASP exposure our XG, we're products, So principally level. as in that Telecom for components of some additional market, is because business

bit deployments we a where Metro are heavily represented, long are those haul still more So muted. and

MichaelGenovese

no so visibility Any, it there get and may or updated better. - expectations when

Tim Jenks

can't customers. I Mike. you tell answer us. when that, it's as precisely muted. has it actually And around. But been to can't We turns I close attention And pay that Yes, relatively with don't significant we not know.

MichaelGenovese

fair Okay, enough.

Okay, question. so second

more hyperscale saying Just When are on you're XXXZR XXXZR hyper timing scale about what hear and meaningful I whole the said guess gating opportunity. of swing I timing their supply you and color about just factor, that or what want factor expect gating do you is your deployments and is the qualifications their to hyper just projects. remind us the

Tim Jenks

the phases deployment, and have the said, script, So their gating have over, the right. qualification times But over different a we're to is qualification it's till as in factor their customers. of in we And couple couple it both. with a later isn't we

So have because it on we in say our passed, at do of suitably particular we're put putting expectations forecast to those were expectations or going have preparedness, the in numbers timing, we not anything our capacities we do we that our and are place. wickets have each on until production

have to And didn't saying we've that place. right we general gone production We the say you're and script, do And have have the in we put qualifications chain deployment correct. orders. in That's supply but our availability; in that. final and well, to

Operator

James. Leopold Simon with to Raymond on Moving

SimonLeopold

you just else worse just and assuming was in understand something better, June anticipated had the Huawei therefore were the results, to of Delta what for wanted you the June offer to imagining make for just when If was the something better want not, that understanding and quarter was. that the a business the in initially question. Huawei sure June? I I you specifically, was get so what Thanks forecast this taking I'm

BethEby

said mid to light, XX. or expecting it a the got nonexistent single to shock, Simon, in I we because Not quarters. we is out we think And were they prior are high millions. digit straight frankly,

SimonLeopold

So a you five out have guidance. took if low make nine, would XX, that of to $XX end been of at the your we million, it

at a the let that ask trying was was get maybe I'm guess So way. little something I to in what it weaker there that me really quarter, just

Tim Jenks

played we is that answer guided it second softness, I as to and that Well, would saw when by we the quarter, saying out.

SimonLeopold

should Okay, dimensions unpack I if you as ZR but specific could opportunity ZR and products, little own you to as versus of the two selling selling lasers to the of to think as and trend about bit is a and other for modules? think maybe see one, we manufacturers, other sales other modules maybe quantification, module end wanted you, users? component to the How I opportunities general not your from having ZR supplier opposed to selling a manufacturers,

Tim Jenks

Well, see. let's

prepared think he of three there's the remarks talked beginning and module. actually of I is Wupen's ZR+ parts in about it, modules ZR there

for So and be for would Metro reaches Huawei cloud standard are third example module, ZR modules reaches ZR longer piece then lasers the plus and longer would be into modules. other

anticipating ZR+ how turn the supply ZR on And lasers, because then we products. customer And chain and earliest you customer will, if are those people on, needs. one turns other and on timing the that so the is depend see

XXX over probably they're on that next what between and two. pretty would for so qualification both two components we have and our going we and say and modules the the or opportunity as ZR both ZR So work standard call balanced I products, ZR+, between the those year would

Operator

And next we'll hear from Tim Northland of Capital Savageaux Markets.

TimSavageaux

Well, surrender, try to time. going am one going I to but more I was

Another comment pardon I, me.

Tim Jenks

Tim. Go ahead,

TimSavageaux

think which levels. previous least business is Thanks. I And to is hearing another at remember comment I back getting this

went I think talking you're before about away. Huawei

are. So are to here you QX plus $XXX think million getting I effectively, you

BethEby

we've XX% for XX% year. growth to range. held And our that Guiding the to in somewhere

So we're getting there.

TimSavageaux

made it, congratulations. I fantastic, Okay,

Tim Jenks

result million that. In last the quarter as about of a year, third lost of we And were million. we $XX $XXX

but So that lower approach we're talked Beth about, have seeing as essentially, levels. right would those now, to we allow a demand point us breakeven also

yes. So

TimSavageaux

talking how ZR but that also Would - just in, Got year? look modules the as And that we it an QX, a toward material that one for exit aside be by that's components? might it. module the as of be about of be last spread end cloud well? revenue in just I'm the not I did year, could Great. and XX% guys, expect as And that one now promise guessing me. you could as carriers you And across be to

Tim Jenks

those becomes Yes. major that capability in seen our stretch you orders to when shipments QX, time in is. quantity. as to us. haven't right, XX% to we And at in way buying start goal, It's on and possible In but as for passes, the to it's level. the possible revenue shift know. have response streams prior on have the well in depending turned what certainly schedule time. have people certainly deployment that timing the the questions but produce for a a this actually And But We at and bigger it's it point obviously

Operator

this the are There back Jenks, no turn time. questions over to further at you. conference we'll Mr.

Tim Jenks

Alright, a current appreciate for soon. very and thank NeoPhotonics. for again employers, shareholders We to evening. interest thank really We to We much meeting good you in future you with do and our environment. Thank you Have our dialing suppliers in work the you. your in. to forward the in everyone the drive progress diligent of updating look

Operator

today's conference. We thank And for that you do does conclude your participation.

disconnect. now may You

Erica Mannion	Sapphire Investor Relations
Tim Jenks	President and Chief Executive Officer
Beth Eby	Senior Vice President and Chief Financial Officer
Wupen Yuen	Senior Vice President and Chief Product Officer
Paul Silverstein	Cowen & Co
Tim Savageaux	Northland Capital Markets
Fahad Najam	MKM Partners
Alex Henderson	Needham & Company
Michael Genovese	WestPark Capital
Simon Leopold	Raymond James

Neophotonics (NPTN) 4 Aug 212021 Q2 Earnings call transcript