Outtahere...Doesn’t it drive you mad that they show no capacity to communicate this to the capital rich technical investment community? 

The reality is that they were late to game for EML’s. They put their faith in SiPho ahead of its time in 2021/2022 and then turned to DML with Lumentum in 2023. In retrospect those were the wrong choices. EML’s were the most accepted and adopted component and they should have made that the basis of the solution.

That being said, the course correction was made in Q4 last year and now they have solutions in record time for both 800G and 1.6T with EMLs.  The ease with which this solution came about has not only enabled them to make the elusive 800G module solutions but also put them at the forefront of technology. 

This in an era of unprecedented customer concentration at the top.  A few companies dictate the fate of the industry.  It has become a winner take all industry in a very short span of time.  Finally - they are beginning to be relevant in that conversation.