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06 Apr 23
Lumentum announces weaker financials for third quarter

Due to reduced demand Q3, 2023, revenue now set to be $380-$384M from previous forecast of $430-$460M.

06 Apr 23
Mojo Vision closes $22M round to develop quantum-dot micro-LEDs

California startup attracts series A funding a couple of months after pivoting away from ‘smart’ contact lenses.

30 Mar 23
Basler implements cost-cuts as orders slow

But machine vision components provider to pay shareholder dividend following record sales last year.

29 Mar 23
Ouster cuts costs as losses widen

Lidar firm eliminates 200 jobs as part of effort to reduce costs dramatically following recent merger with Velodyne.

28 Mar 23
OQmented lands $20M for tiny laser beam scanners

Sharp and others back Fraunhofer spin-out developing MEMS-based approach for AR/VR glasses.

22 Mar 23
Trumpf promotes Berthold Schmidt to CTO

Management reshuffle sees Peter Leibinger become chairman of the industrial laser giant’s supervisory board.

16 Mar 23
Luna Innovations reports modest 2022 results

Fiber-optics firm completes “transformative” year; expects strong growth in 2023; but stock price falls ~30%.

15 Mar 23
Lumibird positive on 2023 prospects despite dented profits

French photonics group blames supply chain constraints, with brokers needed to source some key components.

15 Mar 23
Mitsubishi Electric, L3Harris win weather satellite contracts

Technology firm to build 'Himawari-10' geostationary craft for the Japan Meteorological Agency.

08 Mar 23
Hamamatsu teams with Siemens Healthineers on digital pathology

Photonics firm will provide whole slide scanners to medical technology giant under multi-year deal.

07 Mar 23
Zeiss becomes sole owner of AR/VR developer 'tooz'

German optics giant had originally formed the subsidiary as a joint venture with Deutsche Telekom in 2018.

01 Mar 23
nLight invests in automation as it cuts workforce

Company headcount down 15% but laser firm expects solid growth in weapons applications following US Congress budget boost.

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