Oclaro, Inc. announced that Mike Fernicola has been appointed Principal Accounting Officer, effective November 8, 2013. Fernicola, will report directly to Pete Mangan CFO, and has more than 15 years of public accounting and corporate finance experience. He most recently served as Corporate Controller for Aptina Imaging, Inc. from 2010 to 2013.

The company announced unaudited consolidated earnings results for the first quarter ended September 28, 2013. For the quarter, the company reported revenues of $96.648 million, compared to $95.635 million for the last year. Operating loss was $31.688 million, compared to $51.604 million for the last year. Loss before income taxes was $29.943 million, compared to $27.178 million for the last year. Loss from continuing operations was $30.245 million or $0.33 per basic and diluted share, compared to $28.096 million or $0.35 per basic and diluted share for the last year. Net income was $33.278 million or $0.37 per basic and diluted share, compared to $25.108 million or $0.31 per basic and diluted share for the last year. Non-GAAP net loss was $29.705 million or $0.33 per diluted share, compared to $32.907 million or $0.41 per diluted share for the last year. Adjusted LBITDA was $15.469 million, compared to $20.303 million for the last year. Non-GAAP operating loss was $23.909 million, compared to $31.246 million for the last year. Non-GAAP revenue was $138.860 million, compared to $148.813 million for the last year. Overall, net loss on a non-GAAP base was $27.5 million or $0.30 per share. This compares with the non-GAAP net loss of $29.5 million or $0.32 per share in the prior quarter. Negative cash from operations was $17.6 million.

For the second quarter ending December 28, 2013, the company expects revenues from continuing business in the range of $92 million to $102 million, non-GAAP gross margin in the range of 10% to 14% and adjusted EBITDA in the range of negative $20 million to negative $15 million. The outlook for the second quarter of fiscal 2014 does not include approximately $7 million of revenue and associated results from the Amplifier business, which was sold on November 1, 2013.