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, Inc. (NASDAQ: AAOI) announced it will release its fourth quarter and full year 2021 financial results on February 24, 2022. The company will host a conference call at 4:30 p.m. ET to discuss these results and provide an outlook for first quarter 2022. Investors can join the call by dialing 844-890-1794. A live audio webcast will be available on the company's Investor Relations website.
Applied Optoelectronics (NASDAQ: AAOI) will participate in the Raymond James Virtual Technology Investors Conference on December 8, 2021. The fireside chat is scheduled for 9:40 a.m. ET and will be led by Stefan Murry, CFO and Chief Strategy Officer. Investors can tune in via a live audio webcast available on the company's investor relations webpage. Applied Optoelectronics specializes in fiber-optic access network products and serves various markets, including internet datacenters and telecom. The company is headquartered in Sugar Land, Texas.
Loyalty Ventures (LYLT) will replace Applied Optoelectronics (AAOI) in the S&P SmallCap 600 index, effective November 9, 2021. This change follows the spinoff of Loyalty Ventures from Alliance Data Systems (ADS), set for completion on November 8. The decision reflects that Applied Optoelectronics no longer represents the small-cap market. This transition impacts the index's composition, emphasizing the dynamic nature of market capitalization and sector representation.
Applied Optoelectronics Inc. (NASDAQ: AAOI) reported third-quarter 2021 results, showing total revenue of $53.3 million, down from $76.6 million in Q3 2020. The GAAP gross margin decreased to 15.3% from 25.0% year-over-year. The net loss widened to $15.8 million, or $0.58 per share. Looking ahead, the company expects Q4 revenue between $51 million and $55 million, with anticipated non-GAAP gross margins of 18.5% to 20.0% and a loss of $5.5 million to $6.6 million. Despite some component shortages, demand in the CATV and datacom sectors remains strong.
Applied Optoelectronics, Inc. (NASDAQ: AAOI) will participate in the Needham Virtual Networking, Security, & Communications Conference on November 16, 2021. The presentation is scheduled for 3:45 p.m. Eastern time and will be led by Stefan Murry, Chief Financial Officer and Chief Strategy Officer. A live audio webcast of the presentation will be available on the company's investor relations website. AOI is a significant player in the fiber-optic access network market, providing various optical products utilized in data centers, telecom, and broadband markets globally.
Applied Optoelectronics, Inc. (NASDAQ: AAOI) will release its third quarter financial results on November 4, 2021. The results will cover the period ending September 30, 2021. Following the release, a conference call will be held at 4:30 p.m. ET to discuss the results and provide an outlook for the fourth quarter. Investors can participate by calling 844-890-1794 or accessing the live audio webcast on the company's Investor Relations website. Archived versions of the webcast will be available for one year.
The U.S. District Court for the Southern District of Texas has announced a proposed settlement in a shareholder derivative action against Applied Optoelectronics. This settlement, relating to allegations of misconduct by company executives, includes significant corporate governance reforms aimed at enhancing internal controls. A hearing to approve the settlement is scheduled for November 4, 2021. If approved, the settlement will resolve claims without financial payments to shareholders, instead focusing on organizational improvements.
Applied Optoelectronics, Inc. (NASDAQ: AAOI) announced its Q2 2021 financial results, reporting GAAP revenue of $54.2 million, a decline from $65.2 million in Q2 2020. The GAAP net loss narrowed to $8.2 million compared to $18.6 million in the prior year. CATV product sales showed significant growth, becoming the largest product category. However, softness in the datacenter market persists, although two design wins for 400G products were secured, expected to help recovery. For Q3 2021, revenue is projected between $51 million and $56 million.
Applied Optoelectronics, Inc. (NASDAQ: AAOI) will release its second quarter 2021 financial results on August 5, 2021. The company specializes in fiber-optic access network products for various markets including internet datacenter and telecom. A conference call for analysts and investors is scheduled for the same day at 4:30 p.m. Eastern Time. Interested parties can join the call by dialing 844-890-1794. The event will also be broadcast live on the company's Investor Relations website.
Applied Optoelectronics (NASDAQ: AAOI) announced its participation in two upcoming investor conferences. The first is the Needham Virtual Technology & Media Conference on May 20, 2021, at 3:00 p.m. ET, presented by CFO Stefan Murry. The second is the Cowen Annual TMT Conference on June 2, 2021, at 4:30 p.m. ET, also presented by Murry. Live webcasts will be available on their investor relations website.
AOI specializes in fiber-optic access network products across multiple markets.
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