Acacia Communications,Inc. (NASDAQ:ACIA) Files An 8-K Regulation FD Disclosure
Item7.01.
| Regulation FD Disclosure. |
On May31, 2017, Acacia Communications, Inc. (the Company)
announced that it has identified a quality issue that it
currently believes affects a portion of the approximate 1,300
AC400 units and 5,000 CFP units manufactured by one of its three
contract manufacturers over an approximate four month period. The
Company believes the root cause of this quality issue has been
identified as a circuit board cleaning process that has since
been eliminated, and manufacturing at this contract manufacturer
has resumed. The Company does not believe that products currently
being shipped are affected by this quality issue. The Company is
actively working with affected customers to remediate this issue.
The Company is also working to estimate the cost of these
remediation efforts and assess the impact of this issue on its
near-term manufacturing capacity. The full text of the press
release issued in connection with the announcement is furnished
as Exhibit 99. 1 to this Current Report on Form 8-K.
Cautionary Note Regarding Forward-Looking
Statements
This Current Report on Form 8-K includes statements concerning
the Company and its future expectations, plans and prospects that
constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. For this
purpose, any statements contained herein that are not statements
of historical fact may be deemed to be forward-looking
statements. Without limiting the foregoing, the words may,
should, expects, plans, anticipates, could, intends, target,
projects, contemplates, believes, estimates, predicts, potential
or continue or the negative of these terms or other similar
expressions are intended to identify forward-looking statements.
The Company has based these forward-looking statements largely on
its current expectations and projections about future events and
financial trends that the Company believes may affect its
business, financial condition and results of operations. These
forward-looking statements speak only as of the date of this
Current Report on Form 8-K and are subject to a number of risks,
uncertainties and assumptions including, without limitation, the
Companys anticipated growth strategies, its expectations
regarding competition, the anticipated trends and challenges in
its business and the market in which the Company operates,
including those that may affect its customers and their demand
for the Companys products, its expectations regarding, and the
stability of, its supply chain and manufacturing, the scope,
progress, expansion and costs of developing and commercializing
its products, the size and growth of the potential markets for
its products and the ability to serve those markets, regulatory
developments in the United States and foreign countries,
including under export control laws or regulations that could
impede its ability to sell its products to customers in certain
foreign jurisdictions, and other risks set forth under the
caption Risk Factors in the Companys public reports filed with
the SEC, including the Companys Annual Report on Form 10-K for
the year ended December31, 2016 and its Quarterly Report on Form
10-Q for the fiscal quarter ended March31, 2017 filed with the
SEC. The Company assumes no obligation to update any
forward-looking statements contained in this Current Report on
Form 8-K as a result of new information, future events or
otherwise.
The information in this Item 7.01 of this Current Report on Form
8-K and Exhibit 99.1 attached hereto shall not be deemed filed
for purposes of Section 18 of the Securities Exchange Act of
1934, as amended, or otherwise subject to the liabilities of that
section or Sections 11 and 12(a)(2) of the Securities Act of
1933, as amended. The information contained in this Item 7.01
shall not be incorporated by reference into any filing with the
SEC made by the Company, whether made before or after the date
hereof, regardless of any general incorporation language in such
filing.
| Item9.01. | Financial Statements and Exhibits. |
(d) Exhibits
|
Exhibit No. |
Description |
|
| 99.1 | Press release dated May31, 2017. |
About Acacia Communications, Inc. (NASDAQ:ACIA)
Acacia Communications, Inc. provides high-speed coherent interconnect products. The Company’s products include a series of low-power coherent digital signal processor application-specific integrated circuits (DSP ASICs), and silicon photonic integrated circuits (silicon PICs), which it has integrated into families of optical interconnect modules with transmission speeds ranging from 100 to 400 gigabits per second (Gbps) for use in long-haul, metro and inter-data center markets. The Company is also developing optical interconnect modules that will enable transmission speeds of one terabit (1,000 gigabits) per second and above. The Company’s modules perform a majority of the digital signal processing and optical functions in optical interconnects. The Company’s coherent DSP ASICs are manufactured using complementary metal oxide semiconductor (CMOS), and its silicon PICs are manufactured using a CMOS-compatible process. Acacia Communications, Inc. (NASDAQ:ACIA) Recent Trading Information
Acacia Communications, Inc. (NASDAQ:ACIA) closed its last trading session down -1.56 at 46.41 with 645,844 shares trading hands.