LUMENTUM HOLDINGS Reports FY2023 Q4 Earnings Results for June 30 2023
August 30, 2023
🌥️Earnings Overview
On August 17 2023, LUMENTUM HOLDINGS ($NASDAQ:LITE) reported their financial results for the fourth quarter of FY2023, which concluded on June 30 2023. The company’s total revenue was USD 370.8 million, a 12.2% decrease year-over-year. Their net income was USD -60.2 million, compared to USD 34.7 million in Q4 of FY2022.
Price History
LUMENTUM HOLDINGS Inc. reported their fourth quarter earnings results for the fiscal year 2023 on Thursday. The company’s stock opened at $48.8 and closed at $46.2, a decrease of 1.3% from the previous day’s closing price of 46.8. The company reported a strong growth in the fourth quarter across its core segments, with growth in demand for its optical products and technology services.
Furthermore, LUMENTUM HOLDINGS also announced their plans to invest in new product lines in order to further expand their market presence. With these results, the company reaffirmed its commitment to delivering value to their shareholders while continuing to focus on their strategic investments and long-term growth opportunities. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Lumentum Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 1.77k | -131.6 | -6.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lumentum Holdings. More…
| Operations | Investing | Financing |
| 179.8 | -874 | 263 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lumentum Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.63k | 3.28k | 20.42 |
Key Ratios Snapshot
Some of the financial key ratios for Lumentum Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.7% | 94.6% | -3.8% |
| FCF Margin | ROE | ROA |
| 2.9% | -2.9% | -0.9% |
Analysis
At GoodWhale, we recently conducted an analysis of LUMENTUM HOLDINGS‘ wellbeing. Our Star Chart revealed that they are strong when it comes to capital, medium in asset, growth, profitability and weak in dividend. We classified them as an ‘elephant’, a type of company that is rich in assets after deducting off liabilities. Given their strong capital and asset base, LUMENTUM HOLDINGS makes for an attractive investment for value investors looking for a safe bet. This is further bolstered by their high health score of 8/10, indicating good cashflows and low debt, meaning they are able to safely ride out any crisis without the risk of bankruptcy. 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 reported their FY2023 Q4 earnings on August 17, 2023 showing a 12.2% decrease in total revenue from the year prior. Their net income was USD -60.2 million, a significant decrease from the reported USD 34.7 million the year before. Investors are likely to be concerned with the dramatic decrease in reported income, and the company should take steps to develop strategies to ensure future quarters remain profitable.
Analysts may also look for potential opportunities for growth within the company, such as expanding product lines or entering new markets. Long term investors should consider the risks associated with this stock, but may find value in Lumentum Holdings if they are able to successfully recover from this downturn.
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