Applied Opto +5.8% on better-than-expected loss [Seeking Alpha]
Applied Optoelectronics, Inc. (AAOI)
Last applied optoelectronics, inc. earnings: 2/27 04:10 pm
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US:NASDAQ Investor Relations:
investors.ao-inc.com/investor-relations
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Source: Seeking Alpha
Applied Optoelectronics (NASDAQ: AAOI ) is postmarket after turning in a loss not as bad as expected and some sequential improvement in its Q2 report . Revenue was cut in half to $43.4M; gross margin fell to 24.3% from last year's 38.6%, but rose from 23.4% in Q1. And the company swung to a non-GAAP net loss of $5.2M from year-ago income of $12.9M (but better than Q1's loss of $5.4M). Revenue came in within the guidance range and “The data-center demand environment remained consistent with our expectations and we secured five new data-center design wins," says CEO Thompson Lin. Revenue breakout: Datacenter, $31.8M (down 53.9%); CATV, $9.8M (down 30.8%); Telecom, $1.63M (down 60.8%); FTTH, $16,000 (down 90.4%); Other, $141,000 (down 48.7%). For Q3, it's guiding to revenue of $46M-$49M (just light of consensus for $49.6M), gross margin of 27-29%, and EPS of -$0.21 to -$0.28 (vs. expectations for -$0.28). Press release See all stocks on the move » N
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News
- Applied Optoelectronics Announces Date of First Quarter 2024 Financial Results Conference Call [Yahoo! Finance]Yahoo! Finance
- Applied Optoelectronics Announces Date of First Quarter 2024 Financial Results Conference CallGlobeNewswire
- Nubis to Showcase Award-Winning 1.6Tbps Optical Module Optimized for ML/AI Clusters at OFC 2024 [Yahoo! Finance]Yahoo! Finance
- Applied Optoelectronics Tanks On Q1 2024 Outlook: Buy The Dip [Seeking Alpha]Seeking Alpha
- Applied Optoelectronics, Inc. (NASDAQ: AAOI) was upgraded by analysts at TheStreet from a "d" rating to a "c-" rating.MarketBeat
AAOI
Earnings
- 2/22/24 - Beat
AAOI
Sec Filings
- 3/19/24 - Form 4
- 3/18/24 - Form 4
- 3/18/24 - Form 4
- AAOI's page on the SEC website