Brad Mas's questions to NEW PACIFIC METALS (NEWP) leadership • Q1 2015
Question
Brad Mas of Needham and Company inquired about the cancelled development program, the integration and performance of recent acquisitions, and the outlook for operating margin expansion.
Answer
President and CEO Bob Phillippy clarified that the development program was cancelled due to the customer's time constraints and need for a lower-risk solution, not a failure by Newport. He also confirmed that revenue expectations for the V-Gen and FEMTOLASERS acquisitions remain on track. CFO Chuck Cargile added that the company is committed to reaching a 15% non-GAAP operating margin, driven by leverage in both the Optics and Lasers segments.