NeoPhotonics Corp. /zigman2/quotes/201393867/composite NPTN -1.10% said Tuesday it will miss out on an expected 5% of annualized revenue as a result of the U.S. Commerce Department's ban on exports to China-based ZTE Corp. /zigman2/quotes/209674390/delayed CN:000063 -3.08% . The maker of optoelectronic modules said its estimate comes from the belief that it would have grown revenue with ZTE from a year ago and from its supply chain partners given share awards and new product design wins. In 2017, the company had direct revenue from ZTE of about 1% of total revenue, and received about 3% of total revenue from ZTE's supply chain partners. Separately, the company had inventory valued at about $1.5 million that was designated for ZTE, which will be written off in the first quarter. NeoPhotonics shares had slumped 4.0% on Monday after the export ban was announced. The stock, which was still inactive in premarket trade Tuesday, had lost 0.9% year to date, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -4.41% had gained 0.2%.