Lumentum notified that it has acquired certain technology assets of TriLumina, including its patents and other intellectual property
Lumentum Holdings Inc. (Lumentum) and TriLumina Corporation (TriLumina) today announced that Lumentum has acquired certain technology assets of TriLumina. The latter develops laser illumination solutions for automotive, industrial, and consumer 3D sensing applications. It’s near-infrared VCSEL technology is used in applications from long range LiDAR to low cost, small form factor ToF systems. The terms of the transaction were not disclosed by either of the companies.
Net revenue of Lumentum for the fiscal first quarter of 2021 was $452.4 million, with GAAP net income of $67.1 million, or $0.86 per diluted share. It’s net revenue for the fiscal fourth quarter of 2020 was $368.1 million, with GAAP net loss of $(4.6) million, or $(0.06) per diluted share. Similarly, the net revenue f for the fiscal first quarter of 2020 was $449.9 million, with GAAP net income of $47.6 million, or $0.61 per diluted share.
“We started fiscal 2021 on a strong note, achieving record non-GAAP gross margin, operating margin and earnings per share in the first quarter. We expect the strong momentum to continue into the second quarter,” Alan Lowe, president and CEO. Lumentum had said earlier.
He had added, “Long-term market trends are very favorable, as the world is increasingly shifting to digital and virtual approaches to work, education, and life, which drives increasing demand for our differentiated products and technologies.”
Janet Wong was recently appointed to the board of directors team of Lumentum. She currently serves on various boards and committees including, Enviva Partners, a leading global energy company manufacturing sustainable bioenergy, where she also is Chair of the Audit Committee, and at Allegiance Bancshares, a financial services company, where she is a member of the Audit and Governance Committees.