Finisar Corp
BRIEF: For the nine months ended 27 January 2013, Finisar Corporation revenues decreased 3% to $690.9M. Net loss totaled $9.3M vs. income of $25M. Revenues reflect Malaysia segment decrease of 15% to $42.7M, China segment decrease of 9% to $43.9M. Net loss reflects Research and development increase of 8% to $117.3M (expense), Other income (expense), net) decrease from $4.3M (income) to $295K (expense).
Common Stock $.001 Par, 11/10, 750M auth., 77,196,930 issd. Insiders own 1.58%. IPO 11/12/99, 8,150,000 shares @ $19 by Merrill Lynch & Co. PO 4/00, 7.7M shares (2M by Co.) @ $100 by Merrill Lynch. 09/09, 1-for-8 reverse stock split.
Finisar Corporation develops and provides fiber optic subsystems and network performance test systems which enable data communications over local area networks, or LANs, and storage area networks, or SANs. The Company is focused on providing optical subsystems for networking and storage equipment manufacturers that develop and market systems based on Gigabit Ethernet and Fiber Channel protocols. Finisar also develops novel laser diode transmitter technologies in the area of optics, packaging, control, and modulation.
