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Fabrinet reports news on its role as a provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services for original equipment manufacturers of complex products. Its work spans optical communication components, modules and subsystems, automotive components, medical devices, industrial lasers and sensors, with capabilities that include process design, engineering, supply chain management, manufacturing, advanced packaging, integration, final assembly and testing.
Recurring updates include quarterly financial results and guidance, customer and program activity in datacom, telecom and high-performance computing markets, investor conference participation, and corporate responsibility reporting covering sustainable manufacturing, supply chain and quality management, risk management, employee development and community initiatives.
Fabrinet (NYSE: FN) will release its second quarter 2022 financial results after market close on January 31, 2022. A conference call will be held at 5:00 p.m. ET to discuss the results. Fabrinet specializes in advanced optical packaging and electronic manufacturing services for original equipment manufacturers. The call can be accessed domestically at (888) 357-3694 or internationally at (253) 237-1137. A recorded version of the webcast will be available soon after the call and archived for one year on their website.
Hilbert Group AB has acquired a 2.7% stake in HAYVN, a digital assets investment bank, for $1 million during HAYVN's Series A funding round. This strategic partnership aims to enhance HAYVN's offerings, particularly in asset management, while Hilbert Group seeks to expand its presence in the digital asset market. HAYVN's founders have backgrounds in prominent investment banks, helping bolster its credibility in the regulated digital finance space. The investment aligns with Hilbert Group's vision to grow its assets under management.
Aeva, based in Mountain View, California, has partnered with Fabrinet to enhance its mass manufacturing capabilities for the 4D LiDAR chip module. This partnership will leverage Fabrinet's expertise in silicon photonics to produce a compact solution for automotive and industrial applications. The new production line in Thailand is expected to scale up production significantly, meeting the demand for Aeva's third generation of LiDAR technology, which is automotive qualified with IATF 16949 certification.
Fabrinet (NYSE: FN) reported a record first quarter revenue of $543.3 million, exceeding guidance, compared to $436.6 million in the same quarter last year. GAAP net income rose to $44.7 million or $1.20 per diluted share, up from $33.1 million or $0.88 per diluted share in Q1 2021. Non-GAAP net income also increased to $54.2 million or $1.45 per diluted share. The company anticipates second-quarter revenue to be between $540 million and $560 million, with GAAP net income per share expected between $1.24 and $1.31.
Fabrinet (NYSE: FN) has partnered with Phononic to enhance solid-state cooling and heating manufacturing, achieving full customer qualification within a year despite COVID-related challenges. This collaboration increases Phononic's global manufacturing capabilities and supports their growth in critical services like optical communications, cold chain fulfillment, and retail merchandising. The partnership positions Phononic to meet rising demand in APAC, leveraging Fabrinet's advanced manufacturing processes to address global supply chain issues.
Fabrinet (NYSE: FN) will release its first quarter 2022 financial results for the period ending September 24, 2021, after market close on November 1, 2021. A conference call will follow at 5:00 p.m. ET to discuss the results. Fabrinet operates in advanced optical packaging and precision manufacturing, serving original equipment manufacturers across various sectors, including optical communications and medical devices. The company maintains operations in multiple countries, including Thailand and the USA.
Fabrinet (NYSE: FN) has been awarded the Cisco 2021 EMS Partner of the Year, recognizing its strong performance and partnership during FY21 despite a challenging operational climate. The announcement was made during Cisco's annual Supplier Appreciation Event on September 14, 2021. This award highlights Fabrinet's capabilities in delivering advanced optical packaging and precision manufacturing services. The recognition underscores the significance of collaboration within the supply chain to enhance customer applications and infrastructure.
Fabrinet (NYSE: FN) reported strong financial results for Q4 and the fiscal year 2021, exceeding guidance with Q4 revenue of $509.6 million, up from $405.1 million year-over-year. GAAP net income for Q4 rose to $42.4 million, or $1.13 per diluted share, compared to $28.0 million, or $0.75 per share, in the previous year. Fiscal year revenue reached $1,879.4 million, up from $1,641.8 million, with GAAP net income of $148.3 million, or $3.95 per diluted share. The company anticipates Q1 FY2022 revenue of $510 million to $530 million and is optimistic about ongoing demand trends.
Fabrinet (NYSE: FN) will release its Q4 and fiscal-year 2021 financial results on August 16, 2021, after market close. A conference call and webcast will be held at 5:00 p.m. ET to discuss the results. Fabrinet, known for advanced optical packaging and manufacturing services, operates in various countries, including Thailand and the USA. Their expertise includes optical communication, automotive components, medical devices, and industrial lasers.
Fabrinet (NYSE: FN) announced its participation in the Stifel 2021 Virtual Cross Sector Insight Conference, with a presentation scheduled for June 10, 2021, at 1:20 p.m. ET. The conference will be available via live webcast and a replay on Fabrinet's investor website.
Fabrinet specializes in advanced optical packaging and precision manufacturing services for complex products, including optical communication components and medical devices, with facilities in multiple countries, including the USA and Thailand.