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Stock impact report

Applied Optoelectronics Reports First Quarter 2023 Results

Applied Optoelectronics, Inc. (AAOI) 
Last applied optoelectronics, inc. earnings: 2/27 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.ao-inc.com/investor-relations
Company Research Source: GlobeNewswire
SUGAR LAND, Texas, May 04, 2023 (GLOBE NEWSWIRE) -- Applied Optoelectronics, Inc. (NASDAQ: AAOI), a leading provider of fiber-optic access network products for the cable broadband, internet datacenter, telecom and fiber-to-the-home (FTTH) markets, today announced financial results for its first quarter 2023 ended March 31, 2023. “We continued to see steady improvement in our gross margin in the first quarter,” said Dr. Thompson Lin, Applied Optoelectronics Inc. Founder, President and Chief Executive Officer. “Further, we are encouraged by the improving demand we saw for our 100G products in our datacenter business, and we generated another quarter of good CATV results. However, recently we were notified of some inventory build-up with certain CATV customers which we expect will negatively impact our Q2 revenue. With respect to the transaction that we announced in September 2022 that we have entered into an agreement with Yuhan Optoelectronic Technology for the sale of our manufactu Show less Read more
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