Applied Optoelectronics, Inc. develops and manufactures advanced optical and HFC networking products for AI datacenters, CATV broadband, telecom and FTTH markets. Company news commonly covers 800G and 1.6T data center transceivers, hyperscale customer orders, product qualification and volume shipments, quarterly results, and manufacturing capacity expansion in Texas.
Updates also include broadband fiber access and CATV demand, research, engineering and manufacturing activity across its U.S., Taiwan and China operations, investor conference appearances, government manufacturing grants, and equity compensation grants under its inducement plan.
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.