Applied Optoelectronics: Fourth Quarter Earnings Overview

Applied Optoelectronics Reports Fourth Quarter Financial Results

Applied Optoelectronics Inc., headquartered in Sugar Land, Texas, announced a net loss of $2 million for the fourth quarter.

The company’s loss equated to 3 cents per share, while the adjusted loss, which excludes certain one-time items, was 1 cent per share.

These figures surpassed analysts’ expectations, as a consensus of three analysts polled by Zacks Investment Research had anticipated a loss of 12 cents per share.

The manufacturer, known for its fiber optic solutions for cable television companies, generated $134.3 million in revenue during the quarter, aligning with market projections.

For the full year, Applied Optoelectronics reduced its net loss to $38.2 million, or 64 cents per share, on total revenue of $455.7 million.

Looking ahead to the first quarter ending in March, the company forecasts a per-share loss of 9 cents.

Revenue for the upcoming quarter is expected to fall between $150 million and $165 million.

Since the start of the year, the company’s stock price has risen by 54%. At the close of trading on Thursday, shares reached $53.69, more than doubling over the past year.