Oplink Reports Revenue Growth and Achieves EPS

Oplink Reports Revenue Growth and Achieves EPS of $0.00 for the Fourth Quarter of Fiscal 2004
Oplink Communications, Inc. reported financial results for the fourth quarter and fiscal year ended June 30, 2004.

For the fourth quarter of fiscal 2004, Oplink reported revenues of $9.7 million, which represent an increase of 61% over revenues of $6.0 million in the fourth quarter of fiscal 2003 and an increase of 5% over revenues of $9.2 million in the third quarter of fiscal 2004. The Company reported a net loss of $623,000, or breakeven per share, for the fourth quarter of fiscal 2004, as compared to a net loss of $10.7 million, or $0.07 per share, for the fourth quarter of fiscal 2003, and a net loss of $1.5 million, or $0.01 per share, for the third quarter of fiscal 2004.

For the fiscal year ended June 30, 2004, Oplink reported revenues of $34.3 million and a net loss of $6.4 million, or $0.04 per share. This compares to revenues of $22.7 million and a net loss of $36.8 million, or $0.23 per share, reported for the fiscal year ended June 30, 2003.

At June 30, 2004, Oplink had $190.4 million in cash, cash equivalents and short and long-term investments, which is an increase of approximately $500,000 from the balance at the end of the third quarter of fiscal 2004.