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Applied Optoelectronics, Inc. reported below-expected revenue and gross margin for Q1 2024, with a net loss of $23.2 million. However, the company anticipates a recovery in Q2 and a strong second half of the year. Despite challenges, they remain optimistic about long-term demand and growth opportunities.
Applied Optoelectronics, Inc. (NASDAQ: AAOI) will present at the 19th Annual Needham Technology, Media, & Consumer Conference on May 16th, 2024. The Chief Financial Officer and Chief Strategy Officer will be presenting at 9:30 a.m. Eastern time. The company is a leading provider of fiber-optic access network products for various markets.
Applied Optoelectronics, Inc. announced equity grants to 5 new employees, totaling 14,190 shares of common stock. The grants were made under the 2023 Equity Inducement Plan and consist of restricted stock units vesting over a four-year period. The awards are part of an inducement plan to attract new talent to the company.