INNOLIGHT TECHNOLOGY
(INLT)
A leading Chinese infrastructure enabler of cloud data center networks. It has been a leader in the single mode 40G optical transciever market with a 37% global market share as of 2014
JOURNEY SO FAR
2009
ISO certified, qualified as a National-High-tech enterprise and got its first patent approved.
2008
Innolight was established in 2008, and was funded by Acorn Campus Venture, CSVC.
2011
Approved as "National Torch Plan", Obtained the "Scientific and Technological Achievements Transfer Fund" of Jiangsu Province, Approved as "Jiangsu High Speed Optical Communication Module Engineering Technology Research Center".
2010
Launched 3 new products, Secured additional funding by Suzhou Cowin Integrity Venture Capital, Suzhou Kunrong Ventures, Suzhou Guofa Innovation Ventures.
2013
Launched QSFP+lR4/LR4 PSM in Shenzhen CIOE, Received the Best Products for Data Centers award, Received Jiangsu Province Innovation Team award.
2012
Launched 40G QSFP+ all serials, widely used in Data Center, Enterprise Network, Metropolitan Area Network and other related fields.
2016
IPO
2014
Launched 1OOG new products at CIOE 2014. Recieved investments from Google Capital and Lightspeed China Partners
IPO INSIGHTS
  • Innolight has filed an amended F-1 Form with the SEC
  • Founder and CEO is Sheng Liu who had previously worked in the optical transceiver industry for companies like Agere (earlier Lucent), Pine & Opnext.
  • Last reported Net Income of $11.56 million on a Revenue of $83.68 million
  • The offering is valued at $100 Million
  • It will list its American Depository Shares (ADS) on NASDAQ
  • Google is the largest investor and customer for Innolight
  • The company intends to use the net proceeds from this offering to expand its production capacity and strengthen its R&D capabilities
BUSINESS STRATEGY
  • Continue to innovate and extend leadership in the cloud data centre market
  • Expand and increase penetration in the enterprise and telecom markets
  • Further expand and penetrate the massive China market
  • Continue to innovate and develop leading-edge technologies
  • Pursue complementary acquisitions and strategic alliance opportunities
RISK FACTORS
  • The company depends on a few customers for a majority of its revenues
  • High R&D costs may affect its revenue realization
  • Its products are used along with third party products
  • It has a limited insurance coverage
  • The ADR may be classified as Passive Foriegn Investment Company for Tax purposes
  • The company does not expect to pay dividends in the forseeable future
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