Applied Optoelec Stock Price, News & Analysis

Applied Optoelectronics, a key player in fiber-optic access network products, reported strong third-quarter 2020 results with total revenue of $76.6 million, up from $46.1 million a year ago. The company noted a GAAP net loss of $9.6 million or $0.42 per share, improving from $18.6 million in Q2 2020. Looking ahead, it anticipates Q4 revenue between $50 million and $55 million despite facing inventory adjustments from hyperscale data center clients and a temporary pause in 5G deployments in China.

Applied Optoelectronics, Inc. (NASDAQ:AAOI) announced it will release its third quarter 2020 financial results on November 5, 2020. The company will host a conference call at 4:30 p.m. ET to discuss these results and its fourth quarter outlook. Interested parties can join the call by dialing 844-890-1794. A live audio webcast will also be available on the company's Investor Relations website, with an archived version accessible for up to one year. Applied Optoelectronics specializes in fiber-optic access network products.

Applied Optoelectronics, Inc. (NASDAQ: AAOI) announced its participation in the H.C. Wainwright 22nd Annual Global Investment Conference, scheduled for September 16, 2020, at 2:30 p.m. Eastern Time. Stefan Murry, CFO and Chief Strategy Officer, will be presenting. A live audio webcast will be accessible on the company's investor relations website. Applied Optoelectronics is a developer and manufacturer of optical products for various markets including internet datacenters, cable broadband, telecom, and fiber-to-the-home.

Applied Optoelectronics (NASDAQ: AAOI) reported achieving a record production of over 1.1 million laser diodes in July 2020, marking a significant 65% increase from pre-COVID levels. This achievement is attributed to investments in production capacity, improved manufacturing processes, and hiring additional staff. The company aims to reach a goal of producing 1.5 million lasers per month by Q4 2020. The majority of production focuses on 25G lasers, which are in high demand for data center and telecom applications, including 5G.

Applied Optoelectronics (NASDAQ: AAOI) reported strong second quarter 2020 results, with revenue of $65.2 million, up from $43.4 million in Q2 2019 and $40.5 million in Q1 2020. The GAAP gross margin was 21.1%, down from 24.3% year-over-year, while the non-GAAP gross margin was 23.1%. The company experienced a net loss of $18.6 million, compared to $11.4 million in Q2 2019. Looking ahead, AAOI projects Q3 revenue between $76 million and $83 million and expects a non-GAAP net loss between $4.6 million and $0.6 million.

Applied Optoelectronics, Inc. (NASDAQ:AAOI) announced it will release its financial results for Q2 2020 on August 6, 2020. The company will host a conference call at 4:30 PM ET to discuss the results and provide an outlook for Q3 2020. Investors can participate by dialing 844-890-1794. The call will also be available via a live audio webcast on the company's Investor Relations website.

Applied Optoelectronics develops optical products for internet datacenters, telecom, and FTTH markets, with facilities in Texas, Taiwan, and China.

Applied Optoelectronics (NASDAQ: AAOI) appointed Elizabeth G. Loboa, Ph.D. to its Board of Directors during the annual shareholder meeting on June 4, 2020. She succeeds Alan Moore, who was a board member since March 2013. Dr. Loboa, an expert in biomedical engineering, currently serves as Vice Chancellor for Strategic Partnerships at the University of Missouri. Her previous roles include professor and Associate Chair at the University of North Carolina-Chapel Hill and North Carolina State University. The company expresses appreciation for Moore's contributions.

Applied Optoelectronics (NASDAQ: AAOI) announced its participation in the Cowen 2020 Annual Virtual Technology, Media & Telecom Conference on May 29, 2020. The presentation is scheduled for 10:30 a.m. Eastern time and will be led by Stefan Murry, Chief Financial Officer and Chief Strategy Officer. A live audio webcast will be available on the company's investor relations website.

Applied Optoelectronics specializes in fiber-optic access network products serving various markets, including internet datacenters and telecom.

Applied Optoelectronics (NASDAQ: AAOI) reported Q1 2020 revenue of $40.5 million, down from $52.7 million in Q1 2019, mainly due to a COVID-19-related factory shutdown in China. GAAP gross margin dropped to 15.7%, compared to 23.4% a year prior. The company reported a GAAP net loss of $16.8 million, or $0.83 per share. Looking ahead, AAOI forecasts Q2 2020 revenue between $55 million and $60 million and a non-GAAP net loss between $4.1 million and $5.7 million. Despite challenges, improved datacenter demand and 5G activity are promising signs.