AFOP Announces the First Quarter Preliminary Results With Over 100% Year-Over-Year Revenue Growth, and the Second Quarter Con...
April 02 2014 - 7:00AM
Alliance Fiber Optic Products, Inc. (Nasdaq:AFOP), an innovative
supplier of fiber optic components, subsystems and integrated
modules for the optical network equipment market, today announced
its preliminary sales for the quarter ending March 31, 2014. These
results are subject to change as a result of final management
review and closing adjustments for the quarter ending on March 31,
2014.
For the first quarter of 2014, the Company expects to report the
sales of approximately $24.8million, which represents 104% revenue
increase from the year ago quarter and is 10% higher than the
$22.5million revenue guidance issued on Feb 03, 2014. With this
record quarterly sale, the Company expects to report record
quarterly profits as well.
A more detailed review of first quarter financial results as
well as the outlook for the second quarter of 2014 will be
provided, when the complete first quarter results are discussed on
a conference call at 1:30 p.m. (Pacific) on April 24, 2014. To
participate in AFOP's conference call, please call 877-675-3572 at
least ten minutes prior to the call in order for the operator to
connect you. The confirmation number for the call is
19751761. AFOP will also provide a live webcast of its first
quarter 2014 conference call at AFOP's website:
www.AFOP.com. The webcast replay will be available on AFOP's
website 90 minutes after the live conference call.
About AFOP
Founded in 1995, Alliance Fiber Optic Products, Inc. designs,
manufactures and markets a broad range of high performance fiber
optic components and integrated modules. AFOP's products are used
by leading and emerging communications equipment manufacturers to
deliver optical networking systems to the long-haul, enterprise,
data center, metropolitan and last mile access segments of the
communications network. AFOP offers a broad product line of passive
optical components including interconnect systems, splitters, thin
film CWDM and DWDM components and modules, and optical attenuators.
AFOP is headquartered in Sunnyvale, California, with manufacturing
and product development capabilities in the United States, Taiwan
and China. AFOP's website is located at http://www.AFOP.com.
Except for the historical information contained herein, the
matters set forth in this press release, including statements as to
our expectations regarding future revenue levels and the time
periods thereof, our business prospects, and demand for our
products and sources of demand, are forward looking statements
within the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements are subject to risks and uncertainties that may cause
actual results to differ materially, including, but not limited to
general economic conditions and trends, trends in demand for
bandwidth, the impact of competitive products and pricing, timely
introduction of new technologies, timely design acceptance by our
customers, the acceptance of new products and technologies by our
customers, customer demand for our products, the timing of customer
orders, loss of key customers, our ability to ramp new products
into volume production, the mix of products sold and product
pricing, the costs associated with running our operations,
industry-wide shifts in supply and demand for optical components
and modules, industry overcapacity and demand for bandwidth, the
success of cost control initiatives, our ability to obtain and
maintain operational efficiencies, financial stability in foreign
markets, and other risks detailed from time to time in our SEC
reports, including AFOP's annual report on Form 10-K for the year
ended December 31, 2013. These forward-looking statements speak
only as of the date hereof. AFOP disclaims any intention or
obligation to update or revise any forward-looking statements.
CONTACT: Alliance Fiber Optic Products, Inc.
Keting Lin, IR Associate
408-736-6900 x188
Email: klin@afop.com
Alliance Fiber Optic (NASDAQ:AFOP)
Historical Stock Chart
From Jun 2024 to Jul 2024
Alliance Fiber Optic (NASDAQ:AFOP)
Historical Stock Chart
From Jul 2023 to Jul 2024