Short answer
Lumentum Holdings Inc (LITE) filed its Q1 2019 10-Q quarterly report on May 7, 2019 for the quarter ended Mar 30, 2019.
Lumentum Holdings Inc Q1 2019 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $432.9M, up 44.9% YoY from $298.8M, driven by Oclaro acquisition and Telecom growth
- OpComms revenue $377.9M, up 53.4% YoY, best segment; Lasers $55.0M, up 4.8%
- Gross margin 20.4% vs 32.5% YoY; OpComms margin 38.0% vs 33.7%, Lasers 46.0% vs 48.4%
- Cash $358.3M, down $39.0M; operating cash flow $202.4M and capital expenditures $80.5M
- Datacom transceiver sales expected to ramp to zero over the next few months; product rationalization targeted over 9-12 months
Risk Factors
- Newly triggered operational risk: Oclaro integration, including $30.7 million impairment and $21.1 million restructuring charges
- Most materially updated market risk: Datacom transceiver exit, reflecting extreme competition and gross-margin pressure
- Regulatory risk: Malaysian GST refund appeal, $1.1 million recorded asset against $2.5 million denied claims
- Supply-chain risk: Vendor A represented 60.0% of quarterly inventory purchases
- Financial risk: New $500.0 million term loan, with $533.9 million of payments due thereafter through December 10, 2025
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
Other Lumentum Holdings Inc quarterly reports
Ask about this quarter
Compare quarters, check guidance or see what insiders and funds did around the report.