Applied Optoelectronics Provides Unaudited Earnings Guidance for the Fourth Quarter of 2016
January 12, 2017 at 02:36 am IST
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Applied Optoelectronics provided unaudited earnings guidance for the fourth quarter of 2016. For the quarter, the company expected revenue in the range of $84.5 million to $84.8 million, above the prior outlook of $75.0 million to $79.0 million. GAAP and non-GAAP gross margin in the range of 37.6% to 38.0%, above the prior non-GAAP outlook of 34.0% to 35.5%. GAAP net income after tax in the range from $13.0 million to $14.0 million and non-GAAP net income after tax in the range from $14.2 million to $15.2 million, above the prior non-GAAP outlook of $8.5 million to $9.5 million. GAAP fully diluted earnings per share in the range of $0.70 to $0.75 and non-GAAP fully diluted earnings per share in the range of $0.77 to $0.82, using a weighted-average fully diluted share count of approximately 18.5 million shares. This is above the prior non-GAAP outlook of $0.46 to $0.51 per share, using approximately 18.6 million shares. GAAP net income of $13.0 million to $14.0 million. Non-GAAP net income of $14.2 million to $15.2 million.
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).
APPLIED OPTOELECTRONICS, INC. 
