The company's GAAP revenue fell nearly seven per cent to US$1.68 billion year-over-year as it posted a net loss of $57.7 million. In fiscal 2011, JDSU reported a $71.6 million profit and $1.8 billion in revenue.
Revenue in the fourth quarter was $439.3 million and the company reported a net loss of $24.3 million, or 10 cents a share. This included a $23.7 million impairment charge of "certain long-lived assets" and $10.5 million in insurance proceeds.
Last year at the same time, its net revenue was $471.8 million and income was $9.3 million.
"JDSU's execution on its strategic priorities is leading to market share gains and financial leverage despite challenging economic conditions," stated Tom Waechter, JDSU's CEO and president.
"Our focus on innovation and operational excellence accelerated in fiscal 2012, and we look forward to advancing our target business model in fiscal 2013."
The firm is based in California, but has a large presence in Ottawa.