Lumentum Holdings (LITE) 10-K Summary — Year Ended Jun 29, 2024
Lumentum Holdings Inc. filed its annual 10-K for the most recent fiscal year. The filing shows a significant decline in revenue and a net loss, though operating cash flow remained positive.
Key takeaway
Year ended Jun 29, 2024 · FY2025 10-K
Lumentum Holdings Inc. filed its annual 10-K for the most recent fiscal year. The filing shows a significant decline in revenue and a net loss, though operating cash flow remained positive.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$1.4B
Revenue reported for the fiscal year.
Operating income
-$434M
Income from operations reported for the year.
Net income
-$546.5M
Net income reported for the year.
Operating cash flow
$24.7M
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% |
| Jun 29, 2024 | $1.4B | -23.1% |
Business overview
No business description was provided in the supplied filing context. The business overview section only contained table of contents references, not substantive operational details.
Financial performance
Revenue decreased compared to the prior year, and the company reported an operating loss and a net loss. Operating cash flow was positive, but relatively small in relation to the revenue base.
Material risks
The supplied context does not include the text of the risk factors section, only a cross-reference. Therefore, no specific material risks from the filing can be stated.
Liquidity and capital
The company held significant cash and short-term investments, with a portion of cash held outside the United States. It intends to indefinitely reinvest foreign funds and expects U.S. cash to cover normal operating requirements, though additional capital may be needed for growth initiatives.
What to watch
Investors should monitor whether the revenue decline continues or stabilizes in the next filing.