Applied Optoelectronics, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 22, 2024 at 04:10 pm EST
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Applied Optoelectronics, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 59.85 million compared to USD 61.07 million a year ago. Revenue was USD 60.45 million compared to USD 61.58 million a year ago. Net loss was USD 13.86 million compared to USD 20.25 million a year ago. Basic loss per share from continuing operations was USD 0.38 compared to USD 0.71 a year ago. Diluted loss per share from continuing operations was USD 0.38 compared to USD 0.71 a year ago.
For the full year, the company reported sales was USD 215.04 million compared to USD 220.12 million a year ago. Revenue was USD 217.65 million compared to USD 222.82 million a year ago. Net loss was USD 56.05 million compared to USD 66.4 million a year ago. Basic loss per share from continuing operations was USD 1.75 compared to USD 2.38 a year ago. Diluted loss per share from continuing operations was USD 1.75 compared to USD 2.38 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).
APPLIED OPTOELECTRONICS, INC. 
