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Ii-Vi (IIVI)

II-VI Incorporated, a global leader in engineered materials and optoelectronic components, is a vertically integrated manufacturing company that develops innovative products for diversified applications in communications, materials processing, aerospace & defense, semiconductor capital equipment, life sciences, consumer electronics, and automotive markets. Headquartered in Saxonburg, Pennsylvania, U.S.A., the Company has research and development, manufacturing, sales, service, and distribution facilities worldwide. The Company produces a wide variety of application-specific photonic and electronic materials and components, and deploys them in various forms, including integrated with advanced software to support its customers.

Company profile

Ticker
IIVI, COHR, IIVIP
Exchange
Website
CEO
Vincent Mattera
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Finisar Corporation • Finisar Wuxi, Inc. • II-VI Delaware, Inc. • II-VI Holdings B.V. • II-VI Laser Enterprise GmbH • Photop Technologies, Inc. ...
IRS number
251214948

IIVI stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

10 May 22
12 Aug 22
30 Jun 23
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jun 21 Jun 20 Jun 19 Jun 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 2.6B 2.6B 2.6B 2.6B 2.6B 2.6B
Cash burn (monthly) 16.47M (no burn) (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 72.44M n/a n/a n/a n/a n/a
Cash remaining 2.53B n/a n/a n/a n/a n/a
Runway (months of cash) 153.5 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
19 Jul 22 Mattera Vincent D JR Common Stock Payment of exercise Dispose F No No 0 41,101 0 565,613
19 Jul 22 Mattera Vincent D JR Common Stock Grant Acquire A No No 0 104,448 0 606,714
19 Jul 22 Bashaw Walter Robert Ii Common Stock Payment of exercise Dispose F No No 0 9,092 0 102,111
19 Jul 22 Bashaw Walter Robert Ii Common Stock Grant Acquire A No No 0 27,518 0 111,203
19 Jul 22 Raymond Mary Jane Common Stock Payment of exercise Dispose F No No 0 13,205 0 168,430
19 Jul 22 Raymond Mary Jane Common Stock Grant Acquire A No No 0 30,368 0 181,635
19 Jul 22 Giovanni Barbarossa Common Stock Payment of exercise Dispose F No No 0 14,321 0 187,629
19 Jul 22 Giovanni Barbarossa Common Stock Grant Acquire A No No 0 28,884 0 201,950
19 Jul 22 Koeppen Christopher Common Stock Payment of exercise Dispose F No No 0 3,740 0 53,985
19 Jul 22 Koeppen Christopher Common Stock Grant Acquire A No No 0 13,130 0 57,725
13F holders Current Prev Q Change
Total holders 454 458 -0.9%
Opened positions 55 94 -41.5%
Closed positions 59 45 +31.1%
Increased positions 159 162 -1.9%
Reduced positions 142 118 +20.3%
13F shares Current Prev Q Change
Total value 8.11B 7.39B +9.8%
Total shares 111.32M 107.71M +3.4%
Total puts 3M 2.81M +6.7%
Total calls 1.55M 935.7K +65.9%
Total put/call ratio 1.9 3.0 -35.7%
Largest owners Shares Value Change
Wellington Management 11.97M $867.94M -5.6%
BLK Blackrock 11.82M $856.79M +4.3%
Vanguard 10.35M $749.93M -0.0%
Dodge & Cox 6.72M $487.28M +141.6%
MCQEF Macquarie 4.48M $325.1M +2.0%
ATAC Neuberger Berman 3.49M $252.68M +28.2%
STT State Street 3.35M $242.51M +3.9%
Pictet Asset Management 3.22M $233.18M -11.1%
FMR 2.89M $209.84M -15.5%
American Century Companies 2.62M $189.65M -5.2%
Largest transactions Shares Bought/sold Change
Dodge & Cox 6.72M +3.94M +141.6%
Whale Rock Capital Management 1.76M +1.76M NEW
GS Goldman Sachs 1.75M -823.27K -32.0%
ATAC Neuberger Berman 3.49M +765.69K +28.2%
Frontier Capital Management 1.33M -718.48K -35.2%
Wellington Management 11.97M -706.35K -5.6%
Lord, Abbett & Co. 640.76K +640.76K NEW
Norges Bank 0 -583.05K EXIT
Fred Alger Management 573.87K +573.87K NEW
Tairen Capital 0 -553.19K EXIT

Financial report summary

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Management Discussion
  • The Company aligns its organizational structure into the following two reporting segments for the purpose of making operational decisions and assessing financial performance: (i) Compound Semiconductors and (ii) Photonic Solutions. The Company is reporting financial information (revenue and operating income) for these reporting segments in this Annual Report on Form 10-K.
  • Revenues. Revenues for the year ended June 30, 2021 increased 30% to $3,106 million, compared to $2,380 million for the prior fiscal year. Revenue for 2021 was a record with growth across all end markets compared to the same period last fiscal year. Communications, our largest vertical, grew 30% compared to the same period last year. This growth was due to a full year of Finisar revenue, strong demand across transceivers, including 200/400G products, as well as other optical communications products. The strong demand for our 3D sensing products drove 118% growth in revenue for Consumer Electronics. Life Sciences grew 65%, driven by demand for our filters, optics and thermo-electric coolers for COVID-19 related PCR testing and sequencing instrumentation. Our Industrial business grew 11% compared to the same period last year, due to strong growth in both "CO 2" and one micron laser components.
  • Gross margin. Gross margin for the year ended June 30, 2021 was $1,216 million, or 39%, of total revenues, compared to $820 million, or 34% of total revenues, for the same period last fiscal year. Gross margin as a percentage of revenues increased 470 basis points compared to the prior fiscal year. Gross margin was negatively impacted in the prior year by the effects of purchase accounting on inventory, an increased value of $87.7 million related to the fair value adjustment of the acquired Finisar inventory.

Content analysis

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