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Acacia Communications (NASDAQ: ACIA) has unveiled its latest 100G coherent DWDM pluggable solution, targeting the rising demand for bandwidth in edge and access networks, particularly for cable/fiber deep and 5G wireless X-haul applications. This 100G DWDM module, designed in the QSFP-DD form factor, aims to improve scalability, operational simplicity, and total cost of ownership. Leveraging a 3D Siliconization approach, the module allows for future upgrades to 200G and 400G technologies. Acacia's innovations are set to be showcased at the upcoming SCTE•ISBE Cable-Tec Expo® 2020.
Acacia Communications (NASDAQ: ACIA) reported its second-quarter financial results for the period ending June 30, 2020. Revenue reached $135.2 million, with a GAAP gross margin of 48.2% and a non-GAAP gross margin of 48.4%. The company generated a GAAP net income of $16.1 million and a non-GAAP net income of $28.0 million. Despite solid financial performance, Acacia will not hold a conference call to discuss these results due to its proposed acquisition by Cisco Systems. The report highlights strong operational metrics but lacks forward guidance for Q3 2020.
Acacia Communications (NASDAQ: ACIA) reported Q1 2020 financial results, revealing revenues of $125.6 million and a GAAP gross margin of 47.2%. The company achieved a GAAP income from operations of $12.8 million and a net income of $15.6 million, resulting in a GAAP diluted EPS of $0.36. Acacia will not host a Q1 earnings call or provide guidance for Q2 2020 due to its proposed acquisition by Cisco Systems. The use of non-GAAP financial measures highlights a non-GAAP net income of $23.3 million and a non-GAAP diluted EPS of $0.54.