Applied Optoelectronics, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 10, 2023 at 02:41 am IST
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Applied Optoelectronics, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 62.55 million compared to USD 56.69 million a year ago. Net loss was USD 8.95 million compared to USD 15.63 million a year ago. Basic loss per share from continuing operations was USD 0.27 compared to USD 0.56 a year ago. Diluted loss per share from continuing operations was USD 0.27 compared to USD 0.56 a year ago.
For the nine months, sales was USD 157.19 million compared to USD 161.23 million a year ago. Net loss was USD 42.19 million compared to USD 46.15 million a year ago. Basic loss per share from continuing operations was USD 1.39 compared to USD 1.67 a year ago. Diluted loss per share from continuing operations was USD 1.39 compared to USD 1.67 a year ago.
Applied Optoelectronics, Inc. is a vertically integrated provider of fiber-optic networking products. The Company designs and manufactures a range of optical communications products at varying levels of integration, from components, subassemblies, and modules to complete turn-key equipment. The Company also designs, manufactures, and integrates its own analog and digital lasers using the proprietary Molecular Beam Epitaxy (MBE), and Metal Organic Chemical Vapor Deposition (MOCVD) fabrication process. The Company has manufacturing facilities in Taipei, Taiwan and Ningbo, China. The Company manufactures lasers and laser components and performs research and development activities for laser component and optical module products. The Company offers its fiber-optic networking products, primarily for four networking end-markets, such as cable television, (CATV), Internet data center, telecommunications, (telecom), and fiber-to-the-home (FTTH).