Applied Optoelectronics: Q4 Earnings Snapshot

SUGAR LAND, Texas (AP) — SUGAR LAND, Texas (AP) — Applied Optoelectronics Inc. (AAOI) on Thursday reported a loss of $20.3 million in its fourth quarter.

The Sugar Land, Texas-based company said it had a loss of 71 cents per share. Losses, adjusted for non-recurring costs and pretax expenses, came to 19 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 30 cents per share.

The maker of fiber optic products used by cable TV providers posted revenue of $61.6 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $61.3 million.

For the year, the company reported that its loss widened to $66.4 million, or $2.38 per share. Revenue was reported as $222.8 million.

For the current quarter ending in March, Applied Optoelectronics expects its results to range from a loss of 19 cents per share to a loss of 15 cents per share.

The company said it expects revenue in the range of $52 million to $55 million for the fiscal first quarter.

In the final minutes of trading on Thursday, the company’s shares hit $3.04. A year ago, they were trading at $3.84.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on AAOI at

Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

More from WTOP

Log in to your WTOP account for notifications and alerts customized for you.

Sign up