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) 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.
Applied Optoelectronics, Inc. (NASDAQ: AAOI) reported Q1 2021 financial results with revenue of $49.7 million, up from $40.5 million in Q1 2020, but down from $52.3 million in Q4 2020. The GAAP gross margin was stable at 21.6%, and the net loss narrowed to $15.6 million, compared to a loss of $16.8 million last year. The company noted weakness in its datacenter segment but strong performance in CATV, marking a record quarter. For Q2 2021, revenue guidance ranges from $51 million to $56 million, with expectations of improved gross margins and reduced non-GAAP net loss.
Applied Optoelectronics, Inc. (NASDAQ:AAOI) will announce its first quarter 2021 financial results on May 6, 2021. The announcement will be followed by a conference call at 4:30 p.m. ET to discuss the results and the outlook for Q2 2021. Investors can access the live audio webcast on the company's Investor Relations website. AOI specializes in fiber-optic access network products used across various markets, including internet datacenter and telecom. The company has operations in Sugar Land, TX, Taipei, Taiwan, and Ningbo, China.
Applied Optoelectronics (NASDAQ: AAOI) reported its Q4 and full year 2020 financial results. Q4 GAAP revenue was $52.3 million, up from $48.7 million year-over-year but down from $76.6 million in Q3 2020. The company experienced a GAAP net loss of $13.4 million, an improvement from a larger loss in Q4 2019. For the full year, GAAP revenue reached $234.6 million, compared to $190.9 million in 2019. Despite challenges, AAOI secured 30 design wins in 2020. For Q1 2021, revenue is expected between $47 million and $51 million. Gross margins are projected at 23.5% to 25%.
Applied Optoelectronics (NASDAQ: AAOI) announced its participation in the Raymond James Institutional Investor Conference on March 1, 2021. The presentation by Stefan Murry, Chief Financial Officer and Chief Strategy Officer, is scheduled for 10:50 a.m. Eastern time.
A live audio webcast of the event will be accessible on the company's investor relations page. Applied Optoelectronics is a key provider of fiber-optic access network products, serving various markets including internet datacenters and telecom.
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