Applied Optoelec Stock Price, News & Analysis

Applied Optoelectronics, Inc. (NASDAQ: AAOI) announced its fourth quarter and full year financial results for 2022, reporting GAAP revenue of $61.6 million, up from $54.4 million year-over-year. GAAP net loss for Q4 2022 was $20.3 million, compared to a loss of $14.5 million in Q4 2021. Non-GAAP gross margin improved to 21.4%, exceeding guidance due to cost reduction efforts. The company achieved record quarterly CATV revenue and is progressing on the sale of its manufacturing facilities in China, expected to close in 2023. For Q1 2023, AAOI forecasts revenue between $52 million to $55 million with non-GAAP gross margin projected at 23% to 24%.

Applied Optoelectronics, Inc. (NASDAQ: AAOI) will release its financial results for the fourth quarter and full year ended December 31, 2022, on February 23, 2023. The company will also host a conference call at 4:30 p.m. Eastern Time to discuss these results and provide an outlook for the first quarter of 2023. Participants can join by dialing 844-890-1794 or accessing a live audio webcast on the company's Investor Relations website. An archived version of the call will be available for one year. Applied Optoelectronics is a leading provider of fiber-optic products for various markets including telecom and broadband.

CIT Northbridge Credit announced a $27.78 million credit facility for Applied Optoelectronics, Inc. (AAOI), a leading provider of fiber-optic networking products. This financing aims to address the increasing bandwidth demand driven by the growth of network-connected devices and cloud computing. The credit facility supports AOI's strategy for market expansion and innovation in fiber-optic technology. CIT, part of First Citizens Bank, is focused on providing flexible debt solutions to support middle-market companies.

Applied Optoelectronics (NASDAQ: AAOI) reported Q3 2022 revenue of $56.7 million, up from $53.3 million in Q3 2021. Despite this growth, revenue fell short of expectations due to a significant drop in 40G revenue. However, CATV revenue reached a record high, and 400G sales tripled compared to Q2 2022. The company experienced a GAAP net loss of $15.6 million per share, slightly improved from the previous year. For Q4 2022, AAOI projects revenue between $58 million and $64 million with a non-GAAP net loss expected between $8.1 million and $9.8 million.

Applied Optoelectronics, Inc. (NASDAQ: AAOI) will release its third quarter 2022 financial results on November 3, 2022. The company provides fiber-optic access network products for various markets including internet datacenter and telecom.

A conference call will follow at 4:30 p.m. Eastern Time to discuss the results and fourth quarter outlook. The call can be accessed by dialing 844-890-1794, with a live audio webcast available on the company’s Investor Relations website.

Applied Optoelectronics (Nasdaq: AAOI) announced the launch of its new Quantum Bandwidth^TM product line aimed at enhancing HFC networks. The lineup includes:

• Cable Plant Signal Generator for testing DOCSIS HFC equipment.
• Broadband Digital Access shelf for digitizing signals in HFC headends.
• Broadband Digital Access node for retrofitting existing HFC nodes.
• Extended Spectrum Amplifier that supports DOCSIS 4.0 and data rates of up to 10 Gbps.

These products will be showcased at the SCTE Cable-Tec Expo from Sept. 20-22, 2022.

Applied Optoelectronics (NASDAQ: AAOI) announced a definitive agreement to sell its manufacturing facilities in China and related assets to Yuhan Optoelectronic Technology for $150 million. The transaction is expected to close in 2023, pending regulatory approvals. This strategic move aims to enhance the company's focus on higher margin opportunities in the CATV and datacenter laser markets. The proceeds will be utilized for investments in growth areas and maintaining manufacturing capabilities in Taiwan and Texas. A conference call will be held today at 5 p.m. ET to discuss the details.

Applied Optoelectronics, Inc. (NASDAQ: AAOI) reported Q2 2022 revenue of $52.3 million, slightly down from $54.2 million a year prior. The company faced supply chain challenges affecting a large CATV customer's orders, delaying revenue recognition to Q3. GAAP net loss was $14.5 million, widening from a $8.2 million loss in Q2 2021. Non-GAAP metrics showed a net loss of $7.6 million. Looking ahead, Q3 revenue is projected between $57 million and $60 million, with non-GAAP gross margin expected at 16.5% to 18.5%.

Applied Optoelectronics, Inc. (NASDAQ: AAOI) will release its financial results for Q2 2022 on August 4, 2022. A conference call will be held at 4:30 PM ET the same day to discuss the results and provide insights on the Q3 2022 outlook. Investors can join the call by dialing 844-890-1794, and a live audio webcast will be available on the company's Investor Relations website. An archived version will be accessible for one year, and a telephonic replay will be available until August 11, 2022.