Latest news with #photonics
Yahoo
4 days ago
- Business
- Yahoo
Sivers Semiconductors to Participate in the 15th Annual Roth London Conference
KISTA, Sweden, June 18, 2025 /PRNewswire/ -- Sivers Semiconductors AB (STO: SIVE), a global leader in photonics and wireless technologies, today announced that the Company's CEO, Vickram Vathulya, will attend and participate in the 15th Annual Roth London Conference, taking place June 24–26, 2025, at the Four Seasons Hotel London at Park Lane. Hosted by Roth Capital Partners, this exclusive invitation-only event offers institutional investors the opportunity to engage in one-on-one and small group meetings with senior management teams from approximately 70 growth-oriented companies across multiple sectors. The intimate conference format is designed to facilitate deep, insightful discussions through 40-minute investor-management sessions, along with multiple networking events. "We're looking forward to connecting with investors at this year's Roth London Conference," said Vickram Vathulya, CEO of Sivers Semiconductors. "It's an excellent opportunity to share the Sivers Semiconductors growth story, discuss the company's expanding opportunities, market traction, product developments for both the photonics and wireless markets and explore strategic partnerships." Mr. Vathulya is available to participate in one-on-one discussions with analysts and investors throughout conference. To book a meeting with Mr. Vathulya, please contact your Roth salesperson or email the event one-on-one desk at oneononerequests@ CONTACT: Media Contact Tyler Weiland Shelton Group+1-972-571-7834tweiland@ Company Contact Vickram Vathulya CEO ir@ This information was brought to you by Cision View original content: SOURCE Sivers Semiconductors Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
4 days ago
- Business
- Forbes
Coherent Stock Falls 23% This Year. AI To The Rescue?
10 March 2025, Bavaria, Gilching Bei München: The lettering and logo of Coherent Munich GmbH & Co. ... More KG can be seen at one of the company's sites in Gilching near Munich (Bavaria). Photo: Matthias Balk/dpa (Photo by Matthias Balk/picture alliance via Getty Images) Coherent stock (NYSE:COHR), a prominent player in photonics technology, provides materials, photonics, and laser technologies to a variety of end markets, has decreased by nearly 23% year-to-date in 2025. This decline has been fueled by a mixed macroeconomic environment, somewhat cautious near-term forecasts from the company earlier this year, along with a broader market shift away from certain high-growth AI and tech stocks. Nevertheless, Coherent's fundamental performance has remained quite robust. In Q3, revenue (June fiscal year) increased by 24% year-over-year to $1.5 billion, and earnings surged to $0.91 per share on an adjusted basis, rising by $0.53 compared to last year. On a separate note, see – Should You Buy CRWV Stock After A Whopping 4x Rise? Coherent has been placing an increasing emphasis on artificial intelligence (AI) products. The robust revenue performance over the previous quarter is primarily attributed to the strong demand for its AI/ML-related transceivers, with revenue from the 800G model, utilized for ultra-fast data transmission, skyrocketing nearly 80% sequentially to nearly $200 million. AI necessitates the transfer of large volumes of data with very low latency requirements, and Coherent is well-equipped as it boasts one of the most extensive portfolios of photonic technologies essential for high-speed optical data transmission. Considering the valuation based on sales or profit per dollar, COHR stock appears slightly undervalued in comparison to the broader market. Coherent has a price-to-sales (P/S) ratio of 2.2 compared to a figure of 3.0 for the S&P 500. Moreover, the company's price-to-free cash flow (P/FCF) ratio stands at 18.9, whereas the S&P 500 is at 20.5. Coherent's growth metrics have also been strong. Coherent's Revenues have increased at an average rate of 22.1% over the past three years, while rising 21.7% from $4.6 billion to $5.6 billion in the previous 12 months. However, concerns regarding profitability remain. Coherent's Operating Income over the last four quarters amounted to $467 million, indicating a disappointing Operating Margin of 8.4% (compared to 13.2% for the S&P 500). Coherent's Operating Cash Flow (OCF) during this period reached $666 million, resulting in a poor OCF Margin of 11.9% (compared to 14.9% for the S&P 500). Nevertheless, margins are expected to improve as high-margin products like AI-related data communication transceivers and advanced industrial lasers see increased demand. Adjusted gross margins have risen to 38.5% over the last quarter, reflecting an increase of around 490 basis points year-over-year, with the company aiming for 40% margins in the near future. This, in tandem with a higher revenue base, could enhance operating margins as well. There are additional positive aspects for Coherent. Coherent's industrial laser division may experience greater traction, as the demand for advanced lasers that aid manufacturers in cutting, welding, and shaping materials with high precision grows as industries increasingly embrace automation. The company has a global manufacturing presence spread across approximately 60 locations in 14 countries, with about half of its manufacturing sites situated in the U.S. This should protect it from potential tariffs on imported semiconductors imposed by the Trump administration, unlike many fabless companies that depend on imports. While there may be potential for COHR stock to rise, the Trefis Reinforced Value (RV) Portfolio has outperformed its all-cap stocks benchmark (a combination of the S&P 500, S&P mid-cap, and Russell 2000 benchmark indices), delivering strong returns for investors. Why is that? The quarterly rebalanced mix of large-, mid-, and small-cap RV Portfolio stocks has provided a flexible approach to capitalize on favorable market conditions while minimizing losses when markets decline, as elaborated in RV Portfolio performance metrics.
Yahoo
10-06-2025
- Business
- Yahoo
Sivers Semiconductors Wins Contract from aiRadar to Develop Advanced 28GHz Antenna Module
KISTA, Sweden, June 10, 2025 /PRNewswire/ -- Sivers Semiconductors AB (STO: SIVE), a global leader in photonics and wireless technologies, today announced it has received a purchase order from aiRadar Inc., a leader in next-generation radar imaging systems. The order is for the development of a state-of-the-art 28GHz antenna module based on Sivers' high-performance TRX BF02 beamforming transceiver chip. "This partnership with aiRadar is a clear example of how our technology can be adapted beyond telecom to empower cutting-edge radar applications," said Harish Krishnaswamy, Managing Director - Wireless Business Unit, Sivers Semiconductor. "The requirements for performance, form factor and reliability are incredibly demanding, especially in aerospace and defense. By combining our beamforming technology with aiRadar's advanced signal processing, we're helping push the boundaries of what's possible in modern radar systems." The new antenna module will power aiRadar's latest radar systems targeting both commercial and defense markets, with an emphasis on defense applications such as high-performance drone platforms. The collaboration combines Sivers' expertise in advanced RFIC design with aiRadar's cutting-edge radar technology to deliver a compact, high-resolution radar solution with next-generation capabilities. "We're excited to expand our offering of sophisticated multimode radars into the Ka frequency band using the TRX BF02 module," Michael Grigorian, COO, aiRadar Inc. "Sivers' technology will enable new product ranges for our DroneSAR surveillance system and our drone detection capability. The success of our partnership demonstrates the synergy between aiRadar's expertise in radar systems and Sivers' excellence in RF design and production." The TRX BF02 is a 28GHz Radio Frequency Integrated Circuit (RFIC) designed to support the full frequency range from 24.0 GHz to 29.5 GHz, making it an ideal fit for licensed 5G and advanced radar systems. It supports data rates up to 5 Gbit/s and features a 16TX+16RX channel beamforming transceiver. With an operating temperature range of -40°C to +85°C, the solution is engineered for scalable, high-performance radar deployments. For more information, please visit CONTACT: Media Contact Tyler Weiland Shelton Group+1-972-571-7834tweiland@ Company ContactVickram VathulyaCEOir@ This information was brought to you by Cision View original content: SOURCE Sivers Semiconductors Sign in to access your portfolio
Forbes
09-06-2025
- Business
- Forbes
Why Lumentum Stock Could Have 20% Upside Potential
Shares of Lumentum Holdings (LITE) gained momentum after the optical and photonic products manufacturer raised its fiscal fourth-quarter guidance above prior expectations and announced it will reach a key revenue milestone sooner than anticipated. What does Lumentum do? Lumentum designs and manufactures optical and photonic products enabling optical networking and laser applications worldwide and has expertise in foundational Technologies critical to AI. Lumentum's upbeat outlook, strong competitive positioning, robust and innovative product technology, and strategic shift of manufacturing footprint out of China into Thailand appear to be positive developments for investors. Improved Guidance: The company now expects to achieve $500 million in quarterly revenue in Q1 FY26 - one quarter ahead of its previous timeline—signaling stronger-than-expected business momentum. For Q4, Lumentum raised its adjusted earnings per share (EPS) forecast to $0.78–$0.85, up from prior guidance of $0.70–$0.80, and ahead of the $0.75 consensus. This is way higher than the $0.57 eps that it reported for Q3. It also revised its revenue outlook upward to $465 million–$475 million, compared to the previous range of $440 million–$470 million, topping the $457.46 million consensus estimate. This is also sequentially higher from the $425.2 million reported for Q3. The operating margin forecast was raised as well, now projected at 14%–15%, versus the earlier 13%–14% range, also higher than 10.8% operating margin in Q3. Lumentum reaffirmed its longer-term goal of reaching $600 million in quarterly revenue by Q4 FY26 or Q1 FY27. The updated guidance is higher sequentially and reinforces confidence in Lumentum's growth prospects. The company sees its markets growing at a greater than 25% compound annual growth rate over the next five years, driven by an accelerating convergence of optics and electronics. Lumentum has long-term goals of revenue of $750 million a quarter (or $3 billion a year), gross margins above 40% and operating margins greater than 20%. Majority of revenue growth and Greater than 1100 bps of margin expansion are expected to come from AI and cloud businesses. Strong competitive positioning: Despite broader uncertainty, Lumentum's cloud business continues to remain a bright spot. Cloud & Networking revenue climbing 8% quarter-over-quarter and 16% year-over-year on strong hyperscaler demand. Lumentum builds optical components for every type of network virtually. Lumentum said in its Q3 earnings call that it has already secured three major cloud transceiver customer wins and more are expected, thanks to its components being embedded throughout the ecosystem, including within competitor transceivers. In other words, even when a rival supplies the full module, Lumentum still benefits. In Q4, Lumentum expects its overall cloud transceiver revenue to grow over 50% sequentially. It set a record for its EML chipset shipments in the third quarter of 2025, and remains on track to more than double this business by the end of calendar 2025. Strategic navigation of tariff landscape: Higher material costs and tariffs will dent Lumentum's Q4 gross margin by 100-basis-points, yet it sees a sequential increase in gross margins from Q3. Lumentum's decision to expand manufacturing in Thailand while moving out of China looks like smart hedging in an increasingly volatile trade landscape. With Trump's unpredictability and Xi Jinping's hardline posture, a quick resolution to the China-U.S. standoff seems unlikely. For most of its shipments, Lumentum is not the importer of record, which has simplified tariff-related conversations with customers. As the company explained on its Q3 earnings call: Risks LITE's 1-Year Price Return: 80% vs. S&P 500's 12% LITE's 6-month Price Return: -11.6% vs. S&P 500's -1.4%. Lumentum Stock Valuation Lumentum shares are currently trading 20% off their 52-week intraday-high of $104. LITE has a forward Price-to-earnings/Growth (PEG) of 0.60. A PEG below 1 typically suggests a stock may be undervalued relative to its growth prospects. LITE's forward PEG is also way below the sector average of 1.73 and its own 5-year historical average of 1.95. A conservative rerating of PEG to just 0.75 represents about 25% upside from current price levels of around $82, implying a number in the proximity of its 52-week intraday high. Please note that I am not a registered investment advisor and readers should do their own due diligence before investing in the stocks mentioned in the article, or any other stock. I am not responsible for the investment decisions made by individuals after reading this article. Readers are asked not to rely on the opinions and analysis expressed in the article and encouraged to do their own research before investing.
Yahoo
09-06-2025
- Business
- Yahoo
Quantum Computing Inc. Reports First Quarter 2025 Financial Results
HOBOKEN, N.J., May 15, 2025 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, integrated photonics and quantum optics technology company, today released financial results for the three-month period ended March 31, 2025. Dr. Yuping Huang, Interim Chief Executive Officer of QCi, commented, "QCi delivered solid operational and financial progress in the first quarter, strengthening our balance sheet and advancing key strategic initiatives. We completed construction during the quarter of our Quantum Photonic Chip Foundry in Tempe, Arizona, a major milestone that positions us to meet growing demand for thin film lithium niobate (TFLN) photonic chips, underscored by the announcement of a fifth purchase during the period. We're encouraged by our early traction, which is the first step in what we believe is a significant, multi-year opportunity to serve the expanding markets in datacom, telecom, and quantum-enabled applications. In parallel, we continued to deepen engagement with both government and commercial partners, reinforcing the growing interest in our quantum and photonic machines and positioning QCi to capitalize on emerging opportunities ahead." First Quarter 2025 Financial Highlights First quarter 2025 revenues totaled approximately $39,000 (33% gross margin) compared to $27,000 (41% gross margin) generated in the first quarter of 2024. Gross margin can vary at our current revenue levels. As such, the year-over-year decrease is not unexpected. First quarter 2025 operating expenses totaled $8.3 million compared to the previous year's first quarter operating expenses of $6.3 million. The year-over-year increase was primarily driven by higher employee-based expenses. The Company reported net income attributable to common stockholders of $17.0 million, or $0.13 per basic share for the first quarter of 2025, compared to a net loss attributable to common stockholders of $6.4 million or $(0.08) per basic share for the same period of the previous year. The increase in net income this quarter was primarily due to a $23.6 million non-cash gain on the mark-to-market valuation of the Company's warrant liability as a result of our merger with QPhoton in June 2022. Total assets at March 31, 2025 were $242.5 million, increasing from $153.6 million at December 31, 2024. Cash and cash equivalents at March 31, 2025 increased by $87.5 million to $166.4 million from year-end 2024. During the first quarter, the Company raised total net proceeds of $93.6 million through a private placement offering of common stock. Total liabilities at March 31, 2025 were $21.7 million, a decrease of $24.6 million compared to year-end 2024, driven primarily by the previously-mentioned non-cash changes in the fair value of the Company's warrant liability. As of March 31, 2025, the Company had shareholders' equity totaling $220.8 million. First Quarter 2025 Operational Highlights Quantum Photonic Chip Foundry Update: During the quarter, QCi completed construction of its Quantum Photonic Chip Foundry in Tempe, Arizona, achieving a key milestone in scaling its U.S.-based TFLN manufacturing services. The Company is now establishing its process design kit (PDK) and filling customer orders. To date, the Company has received five initial orders for its foundry services. Advancing Quantum Machine Adoption: On January 15, 2025, QCi announced a collaboration with Sanders Tri-Institutional Therapeutics Discovery Institute (Sanders TDI), a non-profit drug discovery institute comprising Memorial Sloan Kettering Cancer Center, The Rockefeller University, and Weill Cornell Medicine. Through this partnership, Sanders TDI will leverage cloud-based access to QCi's Dirac-3 quantum optimization machine to support computational chemistry and biomolecular modeling research. This collaboration highlights growing adoption of QCi's quantum systems in real-world biomedical applications. Board Appointment Strengthens Strategic Leadership: On March 26, 2025, QCi appointed Eric Schwartz to its Board of Directors. Mr. Schwartz brings over 20 years of experience in corporate finance, mergers and acquisitions, and corporate strategy, with a strong track record guiding companies through commercialization and manufacturing scale-up. His expertise will support QCi's growth initiatives as the Company advances its TFLN chip foundry and drives market adoption of its quantum machines. Strengthening Sales & Market Presence: The Company continued to expand its commercial and government engagement, participating in numerous trade shows and conferences during the quarter to showcase its quantum optimization and photonic chip solutions to prospective customers and partners. Advancing Strategic Partnerships with NASA: Subsequent to the quarter on April 30, 2025, QCi was awarded a subcontract valued at approximately $406,000 through Analytical Mechanics Associates (AMA) to support NASA's Langley Research Center. Under the project, QCi will use its Dirac-3 quantum computer to develop a quantum-based technique for removing sunlight noise from space-based LIDAR data, an obstacle that has historically limited NASA's ability to conduct reliable daytime Earth observation. This project builds on QCi's prior work with NASA. Expanding Commercial Adoption of Quantum Solutions: Subsequent to the quarter, QCi secured two additional customer orders, reflecting growing global demand for its quantum machines. On April 1, 2025, the Company announced the sale of a Quantum Photonic Vibrometer to the Department of Aerospace Structures and Materials at Delft University of Technology in the Netherlands, supporting advanced research in non-destructive testing and structural health monitoring. Later in the month, on April 22, 2025, QCi announced the sale of an EmuCore reservoir computing device to a major automotive manufacturer for research and development use. These orders underscore QCi's strategy to broaden awareness and adoption of its quantum solutions across both academic and industrial markets globally. Earnings Conference Call The Company will host its first quarter conference call on Thursday, May 15, 2025, at 4:30 p.m. To access the live webcast of the conference call, visit the QCi Investor Relations page at Investors may also access the webcast via the following link: To participate in the call by phone, dial (888) 506-0062 approximately five minutes prior to the scheduled start time. International callers please dial (973) 528-0011. Callers should use access code: 832763. A replay of the teleconference will be available until May 22, 2025, and may be accessed by dialing (877) 481-4010. International callers may dial (919) 882-2331. Callers should use conference ID: 52325. About Quantum Computing Inc. Quantum Computing Inc. (Nasdaq: QUBT) is an innovative, integrated photonics and quantum optics technology company that provides accessible and affordable quantum machines to the world today. QCi's products are designed to operate at room temperature and low power at an affordable cost. The Company's portfolio of core technologies and products offer unique capabilities in the areas of high-performance computing, artificial intelligence, and cybersecurity, as well as remote sensing applications. Company Contact:Rosalyn Christian/John NesbettIMS Investor Relationsinvestors@ Forward-Looking Statements This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, generally identified by terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," "aim to," or variations of these or similar words, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Those statements include statements regarding the intent, belief or current expectations of QCi and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including the timing of orders and revenue, and the outcome of ongoing collaborations and demonstration projects with certain U.S. government agencies, academic institutions and commercial customers, and that actual results may differ materially from those contemplated by such forward-looking statements. Except as required by federal securities law, QCi undertakes no obligation to update or revise forward-looking statements to reflect changed conditions. IMPORTANT NOTICE TO USERS (summary only, click here for full text of notice): All information is unaudited unless otherwise noted or accompanied by an audit opinion and is subject to the more comprehensive information contained in our SEC reports and filings. We do not endorse third-party information. All information speaks as of the last fiscal quarter or year for which we have filed a Form 10-K or 10-Q, or for historical information the date or period expressly indicated in or with such information. We undertake no duty to update the information. Forward-looking statements are subject to risks and uncertainties described in our Forms 10-Q and 10-K. QUANTUM COMPUTING INC. Consolidated Balance Sheets (in thousands, except par value data)March 31, December 31,2025 2024Assets Current assets: Cash and cash equivalents$ 166,429 $ 78,945 Accounts receivable, net 2027 Inventory 13118 Prepaid expenses and other current assets 660161Total current assets 167,24079,151Property and equipment, net 9,9768,212Operating lease right-of-use assets 1,4191,522Intangible assets, net 8,1968,972Goodwill 55,57355,573Other non-current assets 129129Total assets$ 242,533 $ 153,559 Liabilities and Stockholders' Equity Current liabilities: Accounts payable$ 2,022 $ 1,372 Accrued expenses 6472,134 Deferred revenue 8379 Other current liabilities 990974Total current liabilities 3,7424,559Derivative liability 16,90240,532Operating lease liabilities 1,0621,181Total liabilities 21,70646,272Stockholders' equity: Common stock, $0.0001 par value, 250,000 thousand shares authorized; 137,322 thousand and 129,012 thousand shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 1413 Additional paid-in capital 404,313307,756 Accumulated deficit (183,500)(200,482)Total stockholders' equity 220,827107,287Total liabilities and stockholders' equity$ 242,533 $ 153,559 QUANTUM COMPUTING INC. Consolidated Statements of Operations (in thousands, except per share data)Three Months EndedMarch 31,2025 2024Total revenue$ 39 $ 27Cost of revenue 2616Gross profit 1311Operating expenses Research and development 2,9852,220Sales and marketing 672451General and administrative 4,6423,659Total operating expenses 8,2996,330Loss from operations (8,286)(6,319)Non-operating income (expense) Interest and other income 1,69638Interest expense, net (58)(155)Change in fair value of warrant liabilities 23,630-Income (loss) before income tax provision 16,982(6,436)Income tax provision --Net income (loss) 16,982(6,436) Net income (loss) attributable to common stockholders$ 16,982 $ (6,436) Earnings (loss) per share: Basic$ 0.13 $ (0.08)Diluted$ 0.11 $ (0.08)Weighted average shares used in computing net earnings (loss) per common share: Basic 135,21781,934Diluted 153,00681,934 View original content to download multimedia: SOURCE Quantum Computing Inc. 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