Applied Optoelectronics (AAOI) Prelim. Q4 Revenue Falls Short

Applied Optoelectronics, Inc. (Nasdaq: AAOI) announced preliminary revenue for the fourth quarter ended December 31, 2014.

The company currently expects fourth quarter 2014 revenue to be in the range of $36.0 million to $36.4 million, compared with the prior outlook of $39.5 million to $41.5 million. The company currently expects its fourth quarter non-GAAP gross margin to exceed its prior guidance of 33.5% to 34.5%.

*** The Street sees Q4 revenue of $40.37 million.

Dr. Thompson Lin, Applied Optoelectronics, Inc. (AOI) founder and CEO, commented, "Customer demand remained very strong in the fourth quarter, generating a book-to-bill ratio over 1.7 for the period. However, we identified a quality issue with certain optical receiver sub-assembly components sourced from an external supplier and therefore we were unable to ramp production levels for our new 40G data center transceivers as planned, and this temporary supply problem impacted our revenue results for the quarter. Our team identified this issue quickly during production and is working closely with the supplier to increase yields of this newly developed technology."

The above information is preliminary and subject to Applied Optoelectronics' normal year-end accounting close process and audit, therefore, actual results may vary from these preliminary results. The company will provide the date and details for its fourth quarter 2014 financial results conference call in a future announcement.

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