SUGAR LAND, Texas, July 09, 2024 (GLOBE NEWSWIRE) -- Applied Optoelectronics, Inc. (NASDAQ: AAOI), a leading provider of fiber-optic access network products for the internet datacenter, cable broadband, telecom and fiber-to-the-home (FTTH) markets, today confirmed that its facilities suffered no known damage from Hurricane Beryl. In the early morning hours of Monday, Jul. 8, 2024, Hurricane Beryl came ashore as a category I hurricane in the area east of Matagorda, Texas, approximately 70 miles southwest of ...

SUGAR LAND, Texas, June 21, 2024 (GLOBE NEWSWIRE) -- Applied Optoelectronics, Inc. (NASDAQ:AAOI), a leading provider of fiber-optic access network products for the internet datacenter, cable broadband, telecom and fiber-to-the-home (FTTH) markets, announced today that it has settled its patent infringement dispute and related litigation against Molex, LLC on mutually satisfactory terms. "We are pleased to have reached an agreement with Molex. Both of our companies value patent protection and are committed t ...

SUGAR LAND, Texas, June 21, 2024 (GLOBE NEWSWIRE) -- Applied Optoelectronics, Inc. (NASDAQ: AAOI), a leading provider of fiber-optic access network products for the internet datacenter, cable broadband, telecom and fiber-to-the-home (FTTH) markets, announced today that it has settled its patent infringement dispute and related litigation against Molex, LLC on mutually satisfactory terms. “We are pleased to have reached an agreement with Molex. Both of our companies value patent protection and are committed ...

SUGAR LAND, Texas, June 11, 2024 (GLOBE NEWSWIRE) -- Applied Optoelectronics, Inc. (NASDAQ:AAOI), a leading provider of fiber-optic access network products for the internet datacenter, cable broadband, telecom and fiber-to-the-home (FTTH) markets, today announced that it is set to join the broad-market Russell 3000® Index at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective at the open of US equity markets on Monday, July 1st, according to a preliminary list of additions posted ...

SUGAR LAND, Texas, June 11, 2024 (GLOBE NEWSWIRE) -- Applied Optoelectronics, Inc. (NASDAQ: AAOI), a leading provider of fiber-optic access network products for the internet datacenter, cable broadband, telecom and fiber-to-the-home (FTTH) markets, today announced that it is set to join the broad-market Russell 3000® Index at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective at the open of US equity markets on Monday, July 1st, according to a preliminary list of additions posted ...

bopavAs micro and small caps have languished for 2 years now, the pain has grown for those who did not manage positions and position sizing well. For those who can get over the short-term hurt, I have never seen better long-term opportunities in select micro-cap companies. We are a few weeks away from the annual Russell 2000 rebalancing. This is often the biggest trading day of the year as dozens of stocks get added to the index. The Russell 2000 inclusion list has been getting updated each of the past ...

Investing in early bird innovators always presents risks but these types of tech stocks to buy generally offer the biggest upside potential. Sure, you can always bet on Nvidia (NASDAQ:NVDA) like everyone else. However, there may be much more robust rewards to be had betting on lesser-known enterprises.It’s a tradeoff between predictability and profitability. By going after a well-established enterprise, you have reasonable assurances that the investment will rise in value. However, the upside could be limit ...

SUGAR LAND, Texas, June 03, 2024 (GLOBE NEWSWIRE) -- Applied Optoelectronics, Inc. (NASDAQ: AAOI), a leading provider of fiber-optic access network products for the internet datacenter, cable broadband, telecom and fiber-to-the-home (FTTH) markets, today announced the Company will virtually present via a fireside chat format at the following investor conference: Event:Rosenblatt 4th Annual Technology Summit: The Age of AIDate:Wednesday, June 12th, 2024Presentation Time:10:00 a.m. Eastern time / 9:00 a.m. Ce ...

As a rule of thumb, overlooked low-priced stocks are that way for a reason. And usually, that reason isn’t particularly a good one. Still, there are a few “cheap” enterprises that can give you more than you bargained for but in the accretive sense.Simply put, there are thousands of publicly traded opportunities available. While analysts attempt to find the best ideas, they can’t give equal coverage to everyone. Invariably, then, some worthy businesses slip through the cracks.While the below names might not ...

Financial Data and Key Metrics - Revenue for Q1 2024 was $40.7 million, below the guidance range of $41 million to $46 million [8] - Non-GAAP gross margin was 18.9%, below the guidance range of 21% to 23%, primarily due to product mix [8] - Non-GAAP loss per share was $0.31, within the guidance range of a loss of $0.28 to $0.33 [8] - Total cash, cash equivalents, short-term investments, and restricted cash at the end of Q1 was $17.4 million, down from $55.1 million at the end of Q4 2023 [22] Business Line Data and Key Metrics - Data center product revenue was $29 million, up 42% year-over-year but down 35% sequentially [9] - CATV segment revenue was $8.7 million, down 59% year-over-year and 30% sequentially [9] - Telecom product revenue was $2.3 million, down 39% year-over-year and 19% sequentially [19] - 71% of Q1 revenue came from data center products, 22% from CATV, and 7% from FTTH telecom and other [13] Market Data and Key Metrics - Revenue from 100G products increased 33% year-over-year, while 400G product revenue more than doubled [9] - 73% of data center revenue in Q1 was from 100G products, 17% from 200G and 400G transceivers, and 3% from 40G transceivers [14] - The company shipped final qualification units of DOCSIS 4.0 amplifiers last week, with revenue expected to begin by the end of Q2 [18] Company Strategy and Industry Competition - The company is accelerating development of 800G and 1.6 terabit products to meet increased demand for AI infrastructure [11] - AOI is positioning itself as a leader in DOCSIS 4.0 technologies, with products designed for next-generation network deployments [24] - The company expects to achieve non-GAAP profitability in 2024, driven by improvements in the second half of the year [10] Management Commentary on Operating Environment and Future Outlook - Management remains optimistic about the second half of 2024, citing constructive customer interactions and strong long-term demand drivers [10] - The transition to DOCSIS 4.0 is expected to begin in Q3, with significant revenue ramp anticipated in the second half of the year [17] - The company expects improving gross margins throughout 2024 as product mix improves and CATV revenue ramps [20] Other Important Information - The company participated in the Needham Technology, Media, and Consumer Conference on May 16th [7] - AOI management will host its Q2 2024 earnings call on August 8, 2024 [7] Q&A Session Summary Question: Full-year revenue target of $300 million - Management believes the $300 million revenue target is still achievable despite a slow start to the year [28] Question: Operating expense expectations - R&D spending has increased due to accelerated product development timelines, with operating expenses expected to range between $24 million and $26 million per quarter [30] Question: Product roadmap and 400G revenue - The company is transitioning to higher-speed products, with 400G revenue representing 17% of data center revenue in Q1 [32][33] Question: Microsoft's order trends and 800G opportunities - Microsoft's 400G product adoption has been slower than expected, but the company expects orders to ramp in Q3 and Q4 [37] - The 800G market opportunity is several times larger than the 400G opportunity, with significant revenue potential from both existing and new customers [46] Question: Data center revenue ramp and CATV contribution - Data center revenue is slightly ahead of plan, while CATV revenue is ramping slower than expected but is expected to contribute meaningfully in the second half of the year [48] Question: 800G product qualification and production - The company is in detailed discussions with multiple customers for 800G products, with production expected to ramp in Q3 2024 [49][52] Question: 800G AOC development with Creta - The company has not provided specific details on production schedules for the 800G AOC developed with Creta [61]