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Lasers ♦ news digest


than before, in terms of our market position on certain existing products, recent introductions and our pipeline of new products and new technologies.”


When asked if orders from


customersconcerned about supply chain continuity and part availability have improved as a result of the Thailand floods, Couder commented, “No, I think we have been seeing something pretty stable. We also have some good customer relationships where even if our customers have been asking for more from some of our competitors on a temporary basis, we have some assurance from them that they will get back to us. On the other end, we benefited from the same thing on a few product lines where our competition couldn’t supply and we did supply, but overall, it’s balanced, I would say.”


GAAP results


Gross margin was 13% for the second quarter of fiscal 2012, compared to a gross margin of 23% in the first quarter of fiscal 2012. Operating loss was $33.6 million for the second quarter of fiscal 2012, which included $9.1 million flood- related write-offs and expenses due to the flooding in Thailand, compared to an operating loss of $10.2 million in the first quarter of fiscal 2012.


Adjusted EBITDA was negative $14.3 million for the second quarter of fiscal 2012, compared to negative $4.5 million in the first quarter of fiscal 2012.


Net loss for the second quarter of fiscal 2012 was $31.1 million, which included $9.1 million flood-related write-offs and expenses due to the flooding in Thailand, compared to a net loss of $10.2 million in the first quarter of fiscal 2012.


Cash, cash equivalents and restricted cash were $54.2 million as of December 31, 2011 compared to $51.7 million at the end of September. No additional amounts were drawn under the Company’s $45 million credit facility


in the quarter. Third Quarter Fiscal 2012 Outlook


For the third quarter of fiscal 2012, which ends March 31, 2012, Oclaro expects revenues in the range of $90 million to $97 million. Adjusted EBITDA is anticipated to be in the range of negative $13.5 million to negative $9 million.


When asked if orders have improved as a result of the flooding from customers Alain Couder,President and Chief Executive Officer of Oclaro commented “No, I think we have been seeing something pretty stable. We also have some good customer relationships where even if our customers have been asking for more from some of our competitors on a temporary basis, we have some assurance from them that they will get back to us. On the other end, we benefited from the same thing on a few product lines where our competition couldn’t supply and we did supply, but overall, it’s balanced, I would say.”


Introducing Intense’s 808 nm and 793 nm laser pump modules


The gallium arsenide QWI based devices are designed for defence, medical, and industrial applications and thulium holmium pumping applications


Intense, a developer of next generation semiconductor lasers, systems and solutions, introduced two new products at Photonics West 2012 this week.


Both products are from the company’s Series 8000 and use GaAs/AlGaAs technology.


The entire Series 8000 family of laser pump products is based on Intense’s next generation of single and multi-emitter chips


January / February 2012 www.compoundsemiconductor.net 141


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