Lumentum Holdings (LITE) 10-K Summary — Year Ended Jul 1, 2023
The company reported a year-over-year revenue increase while operating at a net loss. It maintained significant cash reserves and short-term investments, with a focus on capital preservation.
Key takeaway
Year ended Jul 1, 2023 · FY2025 10-K
The company reported a year-over-year revenue increase while operating at a net loss. It maintained significant cash reserves and short-term investments, with a focus on capital preservation.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$1.8B
Revenue reported for the fiscal year.
Operating income
-$115.7M
Income from operations reported for the year.
Net income
-$131.6M
Net income reported for the year.
Operating cash flow
$179.8M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 29, 2019 | $404.6M | n/a |
| Jul 2, 2022 | $1.7B | +323.3% |
| Jul 1, 2023 | $1.8B | +3.2% |
Business overview
The supplied filing does not include a detailed description of the company's business operations. The section titled 'Business overview' is listed but its content is not provided in the available data.
Financial performance
Revenue rose compared to the prior year. However, the company reported negative operating income and net income for the period. Operating cash flow remained positive.
Material risks
The filing does not contain specific risk factor text in the supplied context. No material risks can be identified from the available information.
Liquidity and capital
The company held substantial cash and short-term investments, predominantly in the United States. Its investment policy emphasizes capital preservation and liquidity support. Funds held outside the US are intended to be indefinitely reinvested.
What to watch
The next filing should be monitored for updates on capital expenditures, particularly the expansion of internal manufacturing capabilities in Thailand.