Short answer
Lumentum Holdings Inc (LITE) filed its Q4 2018 10-Q quarterly report on Feb 7, 2019 for the quarter ended Dec 29, 2018.
Lumentum Holdings Inc Q4 2018 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Quarterly revenue $373.7M, down 7.6% YoY from $404.6M
- Gross margin 33.4% vs 42.3% YoY, operating margin 3.1% vs 22.5%
- Best segment Lasers: revenue $48.3M, up 8.5%; OpComms worst, revenue $325.4M, down 9.6%
- Cash $371.3M, down from $397.3M; operating cash flow $159.6M and Oclaro acquisition payments $619.8M
- Near-term outlook: continued margin variability from market transitions, customer concentration, Thailand startup costs and tariffs velopments
Risk Factors
- New merger litigation risk: Oclaro stockholder Karri lawsuit remains pending after the $1.4 billion acquisition
- Integration risk: Oclaro merger added $20.9 million of restructuring and stock-based compensation expense
- Regulatory risk: Malaysia GST refund claims of $0.7 million remain under appeal after preliminary denial
- Liquidity risk: New $500.0 million term loan matures December 10, 2025, with $665.4 million total scheduled payments
- Supply-chain risk: Vendor A represented 48.7% of quarterly inventory purchases, increasing supplier concentration exposure
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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