Thompson. you, Thank
loss mentioned, expectations. our with fourth quarter per report pleased we revenue are results. line margin expectations, share than our and of our in expectations Thompson our As a above gross better with to non-GAAP
the demand generated revenue in strong see company's the from to CATV in and QX. the highest market quarterly history CATV continue We
have in I we wanted and FTTH to an agreement $XXX of and sub-assembly located Optoelectronic assets the telecom that a turning facilities for Yuhan our last People's Republic for center, to our data for Technology purchase sale we of business price optical markets China the certain that million. and products quarter, with announced provide the the manufacturing related an update on entered to transaction into multi-channel of September transceiver Before the
XXXX approvals, closing that and reminder, we regulatory to and As and the be in transaction CFIUS is a continue subject completed customary to conditions including anticipate ODI. will
continue required on these We to work approvals. advance regulatory
is financials, on new And we and information, their additional As including achievable. be to regarding this transaction regulatory China continue process, Yuhan of approval new regarding their in optimistic group. of this details composition details part this based of both that the the disclosed ownership US has
quarter. Turning the to
fourth quarter Our increased to million, in guidance total million line million. $XX for was with revenue year-over-year to our which $XX.X $XX range XX% of the
As efforts earlier, margin focus on our made strategy progress QX. Thompson noted on business our higher our to during laser we
We lasers signed are generation pleased to with beyond. paid agreed This a announce during that, center, in their both QX. for first $X fourth $X in for an approximately operator first project, and hyperscale R&D the with center has to provide this make million customer phase data the million program of quarter, agreement to a the data development we next major for for funding XXXG
our this revenue. reflected sheet deferred on balance Currently, as is
We expect several program. we progress quarters revenue through this recognize to throughout development next the the as
made advance customer plans data provides divest by focusing strategy of as with transceiver We on as believe to significant that investment even of further our the core center high our our Yuhan, business, the we this validation to above. business margin financial optical laser discussed
We wins, back secured our two in design Turning were of CATV quarter. which to business. both the
For XXXX. year, we secured XX design full wins XX the new in to wins compared design
the center from XX% products, quarter, FTTH, our and remaining CATV was other. with data products, from During our revenue from XX% the our XX% telecom was fourth of
of the overall particularly company and was purchasing America, the order their segment, $XX.X quarter in demand upgrade record products million, in year-over-year continue up networking as revenue fourth additional environment North product was networks. to XX% CATV our sequentially. XX% a remains which in In robust MSOs, CATV
of Looking CATV in CATV ahead, are results impacted by our China, Year the the as most that of typically QX loss products during a reminder, where occurs holiday in negatively days our New production produced. are Lunar
are and X.X continue this the We have to monitoring networks, to to plans early throughout the visibility good year, move carefully as as half later first MSO perhaps of year. DOCSIS
the have X.X to that transition, network of long-term as it the investment upgrades. Broadly regarding speaking, by DOCSIS we're heard encouraged continued some in commentary we relates
bolster driving drive $X.X that business. as over amplifiers, belief from For next Charter example, have believe upgrades. nodes the been will years plans that the Announcements billion that for such CATV business network we have may continue cable announced are that to like Charter to in and several outside which over AOI's begun the last believe next upgrades will which several on the on growth have December, TV the We of seen our several as spending will plant equipment, approximately the you be network much our products continue years. years, spend
at This more in XXXG down year-over-year Our million, customers revenue XX% levels in came inventory offset sequentially. $XX.X an than transition older X% sequentially, to by as QX continued products during which of data increase was partially revenue, center and to manage doubled the XXXG.
products. revenue quarter, and the X% was of XXXG transceiver In and our from our XXXG from our was XXXG was XX% data transceiver products, XXG XX% fourth center from products, our
XX% up from to turning telecom Revenue our Now X% $X.X was and sequentially. our of segment. products million down telecom year-over-year
due improvement in to Looking down telecom New segment slow the to revenue Lunar then ahead, and be in we Year expect see XG currently expect of QX to slightly products deployments continue. as this
the up our XX year. customers QX represented XX.X% XX% fourth revenue, For from of top quarter, of last in
center XX% customers, XX% and in and market respectively. customers the These greater one We two the than in CATV XX% market. have one revenue data of contributed total
customers, and For the XX% the CATV of XX% These customers one XX% had or greater full in total center the one contributed market revenue market. two we respectively. in year, and data
up and driven and from of reduction generated XX.X% XX% QX guidance margin was margin up product non-GAAP gross XXXX our mainly cost favorable range of efforts. our QX gross and XX.X%, in was The XXXX. XX.X% by from in of increase QX, we which of In above XX.X% our to was in mix
to improving our improving to key performance. be focused our believe We continue on is very gross this bottom We the margin line.
profit In reduction during addition several products. efforts, to exited quarter, low our we ongoing the cost legacy
where R&D margin. resources some we maximize projects shifted resources from on areas margin to focus have we low our can away Additionally,
Recently, gross help experiencing. we've we with been expect of we've increases improve line bottom relieve and intensely customers, management next also performance and will operating quarters, some teams the to all price improvement. this to our on cumulatively success in margin team some are the which and these margin executing over Together, focused several our efforts pressure had some
$XX Total R&D $X.X prior or XX.X% fourth of X% XX% $XX.X revenue of million. non-GAAP to million year-over-year to which quarter operating of revenue, the year. expenses increased the were in or in compared QX million expenses
to share in in in $X by employees employee These the authorized China expenses bonus approval noted included our board expected million to call, additional last occur related were non-GAAP earnings are operating our we key success the These the payments per payments who additional QX not order bonus to to As in or are divestiture. the critical $X.XX of XXXX. of approximately divestiture. retain
of million Looking quarter fourth the the prior operating continue was forward, between and QX this loss expenses will an to $X.X $XX moderate million per loss quarter. $X.X million $XX we to in year. operating operating million expect year to non-GAAP of Non-GAAP in compared
for GAAP of On $X.XX which guidance QX share basic a was to a prior share net and compares range of in with year. in million in loss net loss of basic of $X.X net QX QX per of million basic in per loss XXXX. loss for of GAAP range of or loss better a per or share, $XX.X $X.X a $X.XX basic share million. outstanding million share compared million or of shares were $X.XX of million $X.XX a $X.XX QX million to QX $X.X basic loss XX.X than of for loss the a was the share $XX.X of the loss basic per was net loss $X.X to net loss computing basis, non-GAAP or a our loss The a $X.XX or used per per
up now million million This equivalents, in debt with cash cash. We cash, compares term with excluding We million the investments short ended restricted sheet. quarter $XX.X the third ended $XX.X at total $XX.X fourth debt of last million, $XX.X quarter to balance the quarter. the of end total Turning convertible with the and quarter. from
the for As had Inventory XX, orders, inventory utilization on of with compared exchange to $XX.X end of million at we of decreased our of foreign impact along December customer $XX.X QX. inventory the inventory. rates primarily million in to due
of in million purchased million, $X.X is to necessary quarter, capital the total in the We produce reflecting equipment year. in year bringing the needs capital made fourth CapEx XXXX, lower generation for a last to was products from $XX.X investments our $X.X of most total our as current million down which
outlook. QX our to on Moving
count a loss of expect and be We gross million shares. be approximately between million to basic the share Non-GAAP basic be $XX non-GAAP of and million revenue net million per to range share the to of using in margin average $X.X $XX and non-GAAP range XX.X $X.XX to $X.XX, loss XX% weighted expected between QX to XX%. and is $X.X in million
back With Operator? operator it the that, session. I Q&A turn will to the over for
