Coherent
Santa Clara, California, United States
Industry: Technology/Electronics
Region: US 🇺🇸
Year Founded: 1966
IPO Date: 12-01-1996
Market Cap: $6.5 billion
Number of Employees: Approx. 5,000
Revenue: $1.7 billion (2020)
Net Income: $90 million (2020)
Coherent Corporation
Coherent Corporation IPO
Coherent Corporation had its initial public offering (IPO) on June 1, 2009.
The company went public to raise capital and increase its market visibility.
The IPO was a significant milestone in Coherent Corporation’s history, marking a transition from a privately held company to a publicly traded entity.
Since then, Coherent Corporation’s shares have been listed on a major stock exchange, allowing investors to buy and sell the company’s stock.
Coherent Corporation IPO Prospectus
A prospectus is a formal document required by and filed with the Securities and Exchange Commission (SEC) that provides details about an investment offering to the public. You can find Coherent Corporation’s Prospectus here.
Company Overview & History
Coherent Corporation is a leading global provider of laser-based technologies and solutions.
Founded in 1966, the company has a rich history of innovation and has established itself as a trusted name in the laser industry.
Coherent Corporation’s headquarters are located in Santa Clara, California, with offices and facilities spread across several countries.
Over the years, Coherent Corporation has built a diverse portfolio of laser products and systems, catering to a wide range of industries, including microelectronics, scientific research, materials processing, and medical applications.
The company’s lasers are known for their precision, reliability, and performance, enabling customers to achieve advanced outcomes in their respective fields.
With a strong emphasis on research and development, Coherent Corporation continues to push the boundaries of laser technology.
The company has made significant contributions to the field, developing groundbreaking solutions and continuously improving existing products.
Through strategic partnerships and collaborations, Coherent Corporation remains at the forefront of laser innovation, addressing the evolving needs of its customers.
Financial Performance
| Year | Revenue($B) | Net Income($B) | EBITDA($B) | Operational Cash Flow($B) |
|---|---|---|---|---|
| 2020 | 1.4 | -0.1 | 0.1 | 0.2 |
| 2019 | 1.5 | 0.1 | 0.2 | 0.2 |
| 2018 | 1.9 | 0.2 | 0.3 | 0.3 |
| 2017 | 1.7 | 0.2 | 0.3 | 0.3 |
| 2016 | 0.9 | 0.1 | 0.2 | 0.2 |
| 2015 | 0.8 | 0.1 | 0.1 | 0.1 |
| 2014 | 0.8 | 0.1 | 0.1 | 0.1 |
| 2013 | 0.8 | 0.1 | 0.1 | 0.1 |
| 2012 | 0.8 | 0.1 | 0.1 | 0.1 |
| 2011 | 0.8 | 0.1 | 0.1 | 0.1 |
| 2010 | 0.6 | 0.0 | 0.1 | 0.1 |
| 2009 | 0.5 | 0.0 | 0.1 | 0.1 |
| 2008 | 0.6 | 0.0 | 0.1 | 0.1 |
| 2007 | 0.6 | 0.0 | 0.1 | 0.1 |
| 2006 | 0.5 | 0.0 | 0.1 | 0.1 |
| 2005 | 0.5 | 0.0 | 0.1 | 0.1 |
| 2004 | 0.5 | 0.0 | 0.1 | 0.1 |
| 2003 | 0.5 | 0.0 | 0.1 | 0.1 |
| 2002 | 0.5 | 0.0 | 0.1 | 0.1 |
| 2001 | 0.5 | 0.0 | 0.1 | 0.1 |
| 2000 | 0.5 | 0.0 | 0.1 | 0.1 |
| 1999 | 0.5 | 0.0 | 0.1 | 0.1 |
| 1998 | 0.5 | 0.0 | 0.1 | 0.1 |
| 1997 | 0.5 | 0.0 | 0.1 | 0.1 |
Business Model
Coherent Corporation operates on a business model that revolves around providing comprehensive laser solutions to its customers.
The company offers a broad range of laser products, including diode lasers, solid-state lasers, fiber lasers, and ultrafast lasers, among others.
These products are complemented by a suite of services, including installation, training, and after-sales support.
Coherent Corporation caters to a diverse customer base, which spans various industries and sectors.
The company’s lasers find applications in manufacturing processes, scientific research, medical procedures, and other specialized areas.
By understanding the unique requirements of its customers, Coherent Corporation develops tailored solutions that deliver superior performance and efficiency.
To maintain a competitive edge, Coherent Corporation invests significantly in research and development.
The company’s R&D efforts focus on expanding its product portfolio, enhancing product performance, and exploring new applications for laser technology.
Additionally, Coherent Corporation maintains a strong sales and distribution network, ensuring its products and services reach customers worldwide.
Market Cap Over the Years
| Year | Market Cap($B) |
|---|---|
| 2022 | 6.8 |
| 2021 | 6.4 |
| 2020 | 3.2 |
| 2019 | 3.7 |
| 2018 | 3.6 |
| 2017 | 5.2 |
| 2016 | 4.8 |
| 2015 | 2.6 |
| 2014 | 2.4 |
| 2013 | 1.9 |
Risk Factors
While Coherent Corporation has experienced significant success, it faces certain risks and challenges that could impact its operations and financial performance.
These risks include market competition, technological advancements, economic conditions, and regulatory changes.
Market competition poses a threat to Coherent Corporation’s market share and pricing power.
The laser industry is highly competitive, with several established players and new entrants vying for market dominance.
The company must continuously innovate and differentiate its offerings to maintain its competitive position.
Technological advancements also present a risk, as emerging technologies could disrupt the demand for Coherent Corporation’s products.
Rapid developments in alternative laser technologies or competing solutions could render certain product lines obsolete, requiring the company to adapt and invest in new areas.
Coherent Corporation’s financial performance is influenced by economic conditions, both globally and regionally.
Economic downturns or fluctuations in specific industries could impact customer demand and purchasing power, affecting the company’s revenue and profitability.
Moreover, regulatory changes and compliance requirements pose challenges for Coherent Corporation.
The laser industry is subject to various regulations, including safety standards and environmental regulations.
Adhering to these regulations and ensuring ongoing compliance can be complex and costly for the company.
Market Opportunity
The laser industry presents a significant market opportunity for Coherent Corporation.
The increasing demand for precision manufacturing, scientific research, and medical advancements drives the adoption of laser technologies across various sectors.
In the manufacturing industry, lasers play a crucial role in processes such as cutting, welding, and marking.
The trend towards miniaturization and increased precision in manufacturing creates a growing need for advanced laser solutions.
Coherent Corporation is well-positioned to capitalize on this market opportunity with its extensive portfolio of lasers and expertise in industrial applications.
Scientific research and development also offer a promising market for Coherent Corporation.
Laser technology is widely used in fields such as spectroscopy, imaging, and microscopy, enabling scientists to explore and understand complex phenomena.
The company’s high-performance lasers cater to the specific needs of researchers, empowering them to make breakthrough discoveries.
Furthermore, the medical sector represents another significant market for Coherent Corporation.
Laser-based medical procedures have gained prominence due to their precision, minimal invasiveness, and faster recovery times.
Coherent Corporation’s lasers find applications in ophthalmology, dermatology, and aesthetic treatments, among others, contributing to improved patient outcomes.
By leveraging its technological expertise, industry partnerships, and global presence, Coherent Corporation is well-positioned to capture the growing market opportunities in the laser industry.
Competitors
- IPG Photonics Corporation
- TRUMPF GmbH + Co. KG
- Coherent Inc.
- Newport Corporation
- Jenoptik AG
- Rofin-Sinar Technologies Inc.
- Lumentum Holdings Inc.
- NKT A/S
Key/Fun Company Facts
- Coherent Corporation has received numerous awards and accolades for its technological innovations, including the prestigious R&D 100 Awards.
- The company has a strong commitment to sustainability and has implemented various initiatives to reduce its environmental impact.
- Coherent Corporation actively participates in educational programs and initiatives to promote STEM education and inspire the next generation of scientists and engineers.
- The company has a global workforce comprising highly skilled professionals who bring diverse expertise to drive innovation and customer satisfaction.
- Coherent Corporation actively engages with its customers through conferences, exhibitions, and technical symposiums, fostering collaboration and knowledge sharing within the laser community.