GigOptix is a leading fabless supplier of high-speed
semiconductor components that enable end-to-end information streaming over
optical and wireless networks. The company’s core products target three primary
markets – including high-speed fiber optical communications, wireless backhaul
networks and high-speed links for consumer applications. Leveraging a
formidable portfolio of IP and an acquisition-based growth strategy – including
eight acquisitions of key technologies since 2007 – the company has recorded
impressive financial growth in recent months.
The demand for high-speed communications networks is rapidly
expanding. By 2017, the company estimates that nearly four billion people will
be connected to the internet, leading to a 720 percent increase in online video
traffic and a 440 percent boost in cloud traffic, as compared to 2012. This
continued stress on networks will be met by an estimated 300 percent increase
in broadband speed over the same period, providing GigOptix with a formidable
opportunity to realize sustained growth within its addressable markets moving
forward. The company’s recent financial results highlight this potential.
In the first quarter of 2015, GigOptix recorded total
revenue of $9.1 million, which represents a 22.9 percent year-over-year
increase. Among this revenue, approximately two-thirds was attributed to the
company’s high-speed communications product line. Additionally, the company’s
adjusted EBITDA for the period was $1.4 million, up from $47,000 during the
first quarter of 2014.
“Our strong financial performance in the first quarter of
2015 represents the most profitable first quarter in our company’s history,”
Dr. Avi Katz, chairman and chief executive officer of GigOptix, stated in a
news release. “The continuous demand for our 40Gbps devices for enhanced data
center infrastructure installation… drove our stronger than expected results.”
In May, GigOptix built on its first quarter performance
through the announcement of a $7.9 million order from a large aerospace and
defense contractor, highlighting the market acceptance of the company’s mature
products in the field of ASIC for advanced mil-aero applications. By continuing
to serve legacy customers and effectively acquiring new accounts in established
and emerging government and commercial markets, GigOptix is in a strong
position to continue building on its industry presence moving forward.
For more information, visit www.gigoptix.com
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