Applied Optoelec Stock Price, News & Analysis

Loyalty Ventures (LYLT) will replace Applied Optoelectronics (AAOI) in the S&P SmallCap 600 index, effective November 9, 2021. This change follows the spinoff of Loyalty Ventures from Alliance Data Systems (ADS), set for completion on November 8. The decision reflects that Applied Optoelectronics no longer represents the small-cap market. This transition impacts the index's composition, emphasizing the dynamic nature of market capitalization and sector representation.

Applied Optoelectronics Inc. (NASDAQ: AAOI) reported third-quarter 2021 results, showing total revenue of $53.3 million, down from $76.6 million in Q3 2020. The GAAP gross margin decreased to 15.3% from 25.0% year-over-year. The net loss widened to $15.8 million, or $0.58 per share. Looking ahead, the company expects Q4 revenue between $51 million and $55 million, with anticipated non-GAAP gross margins of 18.5% to 20.0% and a loss of $5.5 million to $6.6 million. Despite some component shortages, demand in the CATV and datacom sectors remains strong.

Applied Optoelectronics, Inc. (NASDAQ: AAOI) will participate in the Needham Virtual Networking, Security, & Communications Conference on November 16, 2021. The presentation is scheduled for 3:45 p.m. Eastern time and will be led by Stefan Murry, Chief Financial Officer and Chief Strategy Officer. A live audio webcast of the presentation will be available on the company's investor relations website. AOI is a significant player in the fiber-optic access network market, providing various optical products utilized in data centers, telecom, and broadband markets globally.

Applied Optoelectronics, Inc. (NASDAQ: AAOI) will release its third quarter financial results on November 4, 2021. The results will cover the period ending September 30, 2021. Following the release, a conference call will be held at 4:30 p.m. ET to discuss the results and provide an outlook for the fourth quarter. Investors can participate by calling 844-890-1794 or accessing the live audio webcast on the company's Investor Relations website. Archived versions of the webcast will be available for one year.

The U.S. District Court for the Southern District of Texas has announced a proposed settlement in a shareholder derivative action against Applied Optoelectronics. This settlement, relating to allegations of misconduct by company executives, includes significant corporate governance reforms aimed at enhancing internal controls. A hearing to approve the settlement is scheduled for November 4, 2021. If approved, the settlement will resolve claims without financial payments to shareholders, instead focusing on organizational improvements.

Applied Optoelectronics, Inc. (NASDAQ: AAOI) announced its Q2 2021 financial results, reporting GAAP revenue of $54.2 million, a decline from $65.2 million in Q2 2020. The GAAP net loss narrowed to $8.2 million compared to $18.6 million in the prior year. CATV product sales showed significant growth, becoming the largest product category. However, softness in the datacenter market persists, although two design wins for 400G products were secured, expected to help recovery. For Q3 2021, revenue is projected between $51 million and $56 million.

Applied Optoelectronics, Inc. (NASDAQ: AAOI) will release its second quarter 2021 financial results on August 5, 2021. The company specializes in fiber-optic access network products for various markets including internet datacenter and telecom. A conference call for analysts and investors is scheduled for the same day at 4:30 p.m. Eastern Time. Interested parties can join the call by dialing 844-890-1794. The event will also be broadcast live on the company's Investor Relations website.

Applied Optoelectronics (NASDAQ: AAOI) announced its participation in two upcoming investor conferences. The first is the Needham Virtual Technology & Media Conference on May 20, 2021, at 3:00 p.m. ET, presented by CFO Stefan Murry. The second is the Cowen Annual TMT Conference on June 2, 2021, at 4:30 p.m. ET, also presented by Murry. Live webcasts will be available on their investor relations website.

AOI specializes in fiber-optic access network products across multiple markets.

Applied Optoelectronics, Inc. (NASDAQ: AAOI) reported Q1 2021 financial results with revenue of $49.7 million, up from $40.5 million in Q1 2020, but down from $52.3 million in Q4 2020. The GAAP gross margin was stable at 21.6%, and the net loss narrowed to $15.6 million, compared to a loss of $16.8 million last year. The company noted weakness in its datacenter segment but strong performance in CATV, marking a record quarter. For Q2 2021, revenue guidance ranges from $51 million to $56 million, with expectations of improved gross margins and reduced non-GAAP net loss.