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NPTN - NeoPhotonics May Be Underestimating The Fallout From Huawei
NeoPhotonics Corporation
NeoPhotonics (NPTN) released its Q2 report in August and the headline numbers were strong. For instance, revenue jumped 26% YoY. Net income and gross margins also improved considerably. It would not have been unreasonable to expect the stock to respond well to such numbers. But the opposite happened. The company sold off in the aftermath of the earnings release. Why will be covered next.
Q2 2020 quarterly report
Q2 revenue increased by 6% QoQ and 26% YoY to $103.2M. Non-GAAP net income and EPS were $8.68M and $0.16 respectively, a turnaround from the