Applied Optoelectronics Reports First Quarter 2024 Results
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: GlobeNewswire
SUGAR LAND, Texas, May 09, 2024 (GLOBE NEWSWIRE) -- Applied Optoelectronics, Inc. (NASDAQ: AAOI), a leading provider of fiber-optic access network products for the internet datacenter, cable broadband, telecom and fiber-to-the-home (FTTH) markets, today announced financial results for its first quarter ended March 31, 2024. “Our first quarter revenue and gross margin came in below our expectations, largely driven by product mix, and our non-GAAP EPS was in-line with our guidance range,” said Dr. Thompson Lin, Applied Optoelectronics Inc. Founder, President and Chief Executive Officer. “Despite the slower start to the year, we expect a recovery in the second quarter and continue to anticipate a markedly improved second half of the year. We believe that the long-term demand drivers remain strong across our end markets and we believe we are well positioned to capitalize on these opportunities.” First Quarter 2024 Financial Summary GAAP revenue was $40.7 million, compared with $53.0
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News
- Applied Optoelectronics: A Turnaround Could Be Around The Corner [Seeking Alpha]Seeking Alpha
- Applied Optoelectronics, Inc. (NASDAQ: AAOI) had its price target lowered by analysts at Rosenblatt Securities from $20.00 to $16.00. They now have a "buy" rating on the stock.MarketBeat
- Applied Optoelectronics, Inc. (NASDAQ:AAOI) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Applied Optoelectronics, Inc. (NASDAQ: AAOI) had its price target lowered by analysts at B. Riley from $16.00 to $12.00. They now have a "neutral" rating on the stock.MarketBeat
- Applied Optoelectronics, Inc. (NASDAQ: AAOI) had its price target lowered by analysts at B. Riley Financial, Inc. from $16.00 to $12.00. They now have a "neutral" rating on the stock.MarketBeat
AAOI
Earnings
- 5/9/24 - Beat
AAOI
Sec Filings
- 5/15/24 - Form 4
- 5/9/24 - Form 10-Q
- 5/9/24 - Form 8-K
- AAOI's page on the SEC website