Welcome to our dedicated page for Applied Optoelectronics news (Ticker: AAOI), a resource for investors and traders seeking the latest updates and insights on Applied Optoelectronics stock.
Applied Optoelectronics, Inc. (NASDAQ: AAOI) is a leading designer and manufacturer of advanced optical products that serve key markets such as internet data centers, cable television broadband, telecommunications, and fiber-to-the-home. With a vertically integrated product portfolio ranging from laser chips, components, sub-assemblies, and modules to complete turn-key equipment, AOI has positioned itself as a pivotal player in addressing the rising bandwidth demand driven by increased usage of network-connected devices, video traffic, cloud computing, and online social networking.
AOI's core business focuses on delivering high-speed fiber-optic networking products that are essential for modern broadband fiber access networks. The company has engineering and manufacturing facilities in the United States, China, and Taiwan, enabling it to respond swiftly to market demands while ensuring high-quality production standards. Notably, AOI derives a significant portion of its revenue from its operations in Taiwan, highlighting the strategic importance of its international footprint.
Recent achievements include the announcement of $80.2 million in Convertible Senior Notes due 2026, aimed at repurchasing or exchanging existing 5.00% Convertible Senior Notes due 2024, showcasing AOI's proactive financial management. Furthermore, the company has filed lawsuits for patent infringement to protect its intellectual property, demonstrating its commitment to safeguarding its innovations.
AOI has also been recognized for its growth potential by being set to join the broad-market Russell 3000® Index, further solidifying its visibility and credibility within the institutional investment community. The company continues to focus on developing new technologies, such as the recently announced 400G and 800G multimode fiber designs in collaboration with Credo Technology Group, aimed at reducing network power dissipation and cost of ownership while ensuring robust network performance.
The company maintains a strong pipeline of projects and strategic initiatives. It regularly engages with investors and analysts through quarterly financial results announcements and participation in key investor conferences, ensuring transparency and continued stakeholder confidence in its growth trajectory.
Applied Optoelectronics (AAOI) has filed a patent infringement lawsuit against Eoptolink Technology USA in the U.S. District Court for the Northern District of California. The complaint alleges that multiple Eoptolink products, including 400G QSFP-DD and 100G QSFP28 series optical transceivers, infringe on AAOI's patents. The company is seeking monetary damages and a permanent injunction. The lawsuit aims to protect AAOI's intellectual property resulting from their research, development, and investments in fiber-optic access network technology for datacenter, cable broadband, telecom, and FTTH markets.
Applied Optoelectronics (AAOI) reported Q3 2024 financial results with revenue of $65.2 million, up from $62.5 million in Q3 2023 and $43.3 million in Q2 2024. The company experienced double-digit sequential growth in datacenter business and tripled CATV business from Q2. However, GAAP gross margin declined to 24.4% from 32.3% year-over-year, and the company reported a GAAP net loss of $17.8 million. For Q4 2024, AAOI expects revenue between $94-104 million and non-GAAP gross margin of 27.5-29.5%.
Applied Optoelectronics (NASDAQ: AAOI), a provider of fiber-optic network products, has announced inducement awards of 24,721 shares of common stock to one new employee. The grant, dated November 1, 2024, was made under the company's 2023 Equity Inducement Plan. The awards consist of restricted stock units that vest over a four-year period, contingent on continued employment. This plan is exclusively used for equity awards to new employees as an inducement for joining the company, in accordance with Nasdaq Listing Rule 5635(c)(4).
Applied Optoelectronics (NASDAQ: AAOI), a leading provider of fiber-optic access network products, has announced the date for its Third Quarter 2024 Financial Results Conference Call. The company will release its financial results for the quarter ended September 30, 2024, on Thursday, November 7, 2024. A conference call and webcast for analysts and investors will be held at 4:30 p.m. Eastern Time / 3:30 p.m. Central Time on the same day.
To participate in the call, investors can dial 844-890-1794. A live audio webcast and supplemental financials will be available on the company's Investor Relations website. An archived version of the webcast will be accessible for one year after the call. Additionally, a telephonic replay will be available for a week, accessible by dialing 877-344-7529 with passcode 6590897.
Applied Optoelectronics Inc. (NASDAQ: AAOI) is showcasing its cutting-edge 1.6T OSFP DR8 LPO module at ECOC 2024, demonstrating high-speed connectivity with the Optical Internetworking Forum. This module doubles current data rates, supporting AI, machine learning, and advanced data center operations. AOI is collaborating with OIF to demonstrate the CEI-224G Linear standard, addressing current network needs and future scalability.
Additional demonstrations include:
- 800G OSFP DR8 LPO modules in an 800G switch
- ELSFP 1311nm uncooled module for high data rate connectivity
- EEI and co-packaging architecture static conceptual demonstration
Applied Optoelectronics Inc. (NASDAQ: AAOI) has unveiled its new Quantum18™ product series, designed to simplify 1.8GHz upgrades for cable operators and integrate with legacy Motorola housings. The series includes:
1. Quantum18 1.8GHz Node: Offers multiple compatibility options, including upgrades within existing GS7000 housings and interoperability with DOCSIS 3.1, DOCSIS 4.0 RPDs, PON, and switching functionality.
2. Quantum18 1.8GHz System Amplifier and Broadband Line Extender: Compatible with Motorola housings, these products boost signal quality and offer remote management features.
All Quantum18 products feature field-upgradable diplex filters for future spectrum adaptability. AOI will showcase the products at SCTE® Cable-Tec Expo® 2024 and plans to ship in early 2025.
Applied Optoelectronics (NASDAQ: AAOI), a leading provider of fiber-optic access network products, has announced its participation in the Rosenblatt 4th Annual Technology Summit: The Age of AI. The company will present virtually in a fireside chat format on Tuesday, August 20th, 2024, at 10:00 a.m. Eastern time. Stefan Murry, Chief Financial Officer and Chief Strategy Officer, will represent the company at the event.
The presentation will be available for viewing on the investor relations section of Applied Optoelectronics' website at investors.ao-com. This participation highlights the company's engagement with investors and its presence in the technology sector, particularly in the context of AI advancements.
Applied Optoelectronics (NASDAQ: AAOI) reported Q2 2024 results with revenue of $43.3 million, up from $41.6 million in Q2 2023. The company faced challenges with non-GAAP gross margin at 22.5%, below expectations due to product mix. GAAP net loss widened to $26.1 million, or $0.66 per share. Despite a slower start to 2024, AAOI remains optimistic about H2, citing new 400G product orders from a large hyperscale customer and expected improvements in datacenter and CATV businesses. For Q3 2024, AAOI forecasts revenue between $60-66 million and non-GAAP gross margin of 24-26%.
Applied Optoelectronics (NASDAQ: AAOI) has announced equity grants to 3 new employees under its 2023 Equity Inducement Plan. The Compensation Committee of the Board of Directors approved inducement awards for 16,145 shares of common stock, with a grant date of July 29, 2024. These awards, in the form of restricted stock units, will vest over a four-year period, contingent on the employees' continued service. The Inducement Plan is specifically designed for granting equity awards to new hires as an incentive for joining Applied Optoelectronics, in compliance with Nasdaq Listing Rule 5635(c)(4).
Applied Optoelectronics Inc (NASDAQ: AAOI) has confirmed that its facilities in Taipei, Taiwan, suffered no known damage from Typhoon Gaemi, which made landfall on July 25, 2024. The company's R&D, manufacturing, and administration facility, located approximately 75 miles north of the storm's landfall, is expected to continue production operations as usual. Dr. Thompson Lin, AOI's founder, president, and CEO, expressed relief that Taipei was spared the worst of the storm's destruction and extended sympathies to those affected in Taiwan and throughout Asia.
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