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Production will start in FY24Q2, and it is expected to deliver 1000 units this year...

Due to the largest customer (the global market leader in optical modules and has contributed over 50% of the company's revenue in the past few years) moving its production line from China to Malaysia last year, the company's revenue has dropped significantly. However, the transfer process is nearing completion, and it is estimated that full production will be fully restored by the end of this quarter, and the business previously handled by Chinese manufacturing plants will be transferred to the company.

The optical module is an important device in the datacenter, which can convert data from electrical signals to optical signals for rapid transmission through optical fibers. Due to the need for various high-performance computing tasks in the datacenter, many servers need to transfer data to each other, so they require a large number of optical modules to efficiently transmit information.

Note: IIVI acquired Finisar in 2019 and then Coherent in 2022 before changing its name to the current one.

Due to the major shortage of ASIC chips, the output is limited and only partial orders can be delivered. However, the output is recovering. Although it seems to contribute only 10% of the turnover, the consignment-based business brings in high gross profits.

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