What AAOI does?
Applied Optoelectronics, Inc. is a prominent provider in the fiber-optic networking sector, dedicated to supplying reliable solutions primarily in the cable televisions (CATV), internet data centre, telecom and fibre-to-the-home (FTTH) markets. We excel at creating a diverse range of optical communication products, our process beginning with the meticulous development of lasers and laser components. These foundational elements are crafted to facilitate various levels of integration, allowing us to construct everything from individual components and subassemblies to complete turn-key equipment.
Our approach is characterised by a relentless focus on meeting the high-performance demands of our key market segments. We are committed to fostering faster connectivity and spearheading innovation in the industry. AOI stands as a trusted partner for clients seeking tailored solutions that not only adhere to their unique specifications but also drive the evolution of modern network infrastructure.
Applied Optoelectronics website
Both the business and prospects look good.
“We had a solid third quarter performance as we ramped up production capacity to meet our customers’ rollout schedules,” said Dr. Thompson Lin, Applied Optoelectronics Inc. Founder, President and Chief Executive Officer. “We recorded double digit sequential growth in our data centre business, driven by new wins for our 400G products, while our CATV business more than tripled from the second quarter as our customers actively transition to new architectures. Looking ahead, we are optimistic about the long-term demand drivers for both our datacentre and CATV businesses and believe we have the right team, product portfolio, and strategy in place to meet our customers’ needs.”
[CATV is a broadband transmission facility that uses cable to deliver TV programs, premium channels, internet access, and other services to subscribers.]
“Our revenue and gross margin for the third quarter were in-line with our expectations, but our non-GAAP loss per share was larger than we expected, which was primarily due to accelerated R&D spending due to greater than anticipated new customer requests, especially in our data centre business where we saw notable interest in our 1.6 Terabit transceivers,” said Dr. Stefan Murry, Applied Optoelectronics Chief Financial Officer and Chief Strategy Officer. “We are carefully managing our balance sheet as we execute on our plans which anticipate a sustained period of growth in both our datacentre and CATV businesses.”
Applied Optoelectronics, Q3 2024 results, 7 November 2024
Share Recommendations
Applied Optoelectronics. AAOI
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