LUMENTUM HOLDINGS Reports 37.3% Decrease in Revenue for FY2024 Q1

🌥️Earnings Overview

At the end of Fiscal Year 2024’s first quarter, which ended on September 30 2023, LUMENTUM HOLDINGS ($NASDAQ:LITE) reported total revenue of USD 317.6 million, a 37.3% decrease from the same quarter the year prior. Net income was reported at USD -67.9 million, a considerable drop compared to the net income of -0.4 million from the previous year.

Analysis

GoodWhale conducted an analysis of LUMENTUM HOLDINGS’ financials and found that the company has a high health score of 8/10, indicating that it is capable of sustaining its operations during financial crises. The Star Chart analysis showed that LUMENTUM HOLDINGS is strong in cash flows and debt, medium in asset and profitability, and weak in dividend and growth. We classified the company as an “elephant” type – meaning that it is rich in assets after deducting off liabilities. This makes it an attractive investment opportunity for those investors who are looking for a stable source of income. LUMENTUM HOLDINGS’s strong financials and long-term sustainability will also appeal to those investors who are looking for a safe and secure investment. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Lumentum Holdings. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Lumentum Holdings. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Lumentum Holdings. More…

Key Ratios Snapshot

Some of the financial key ratios for Lumentum Holdings are shown below. More…

Peers

The company’s products are used in a variety of applications, including fiber-optic telecommunications, data communications, industrial lasers, and medical lasers.

– Advanced Fiber Resources (Zhuhai) Ltd ($SZSE:300620)

Advanced Fiber Resources (Zhuhai) Ltd is a leading manufacturer of advanced fiber-based products and materials. The company has a market cap of 6.59B as of 2022 and a return on equity of 5.23%. Advanced Fiber Resources (Zhuhai) Ltd manufactures a wide range of products, including fiber optic cable, data center equipment, and telecommunications equipment. The company’s products are used in a variety of applications, including data communications, computing, and networking.

– APAC Opto Electronics Inc ($TPEX:4908)

PAC Opto Electronics Inc is a Taiwanese company that manufactures and sells opto-electronic products. The company has a market cap of 2.39B as of 2022 and a Return on Equity of 12.6%. PAC Opto Electronics Inc’s products include semiconductor lasers, light emitting diodes, photo detectors, and optical communication components. The company’s products are used in a variety of applications including telecommunications, data storage, industrial, and medical.

– Cowell e Holdings Inc ($SEHK:01415)

Cowell e Holdings Inc is a holding company that operates through its subsidiaries. The company has a market cap of 10.95B as of 2022 and a ROE of 13.79%. The company’s subsidiaries engage in the business of providing financial services, including banking, lending, and investing. The company’s operations are conducted through its subsidiaries, which include Cowell e Bank, Cowell e Credit Union, and Cowell e Investment Services.

Summary

Lumentum Holdings, a provider of photonics and optical products, reported total revenue of 317.6 million dollars for the first quarter of its fiscal year 2024, down 37.3% year-on-year. The company’s net income was -67.9 million dollars, resulting in a significant decrease from the prior year’s net income of -0.4 million. From an investment standpoint, these results suggest that Lumentum Holdings is likely to face further financial and operational challenges in the near future. Investors should be vigilant in monitoring the company’s financial performance and evaluating the potential risks associated with their investments.