Applied Optoelectronics (AAOI) Tops Q2 EPS by 1c

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Applied Optoelectronics Reports Second Quarter 2022 Results

August 4, 2022 4:10 PM EDT

SUGAR LAND, Texas, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Applied Optoelectronics, Inc. (NASDAQ: AAOI), a leading provider of fiber-optic access network products for the internet datacenter, cable broadband, telecom and fiber-to-the-home (FTTH) markets, today announced financial results for its second quarter 2022 ended June 30, 2022.

Our second quarter revenue was adversely affected by a supply chain issue that resulted in a delay in the completion of several orders from a large CATV customer. We have since fulfilled and shipped substantially all of these orders and, although delayed, we have recognized the resulting revenue in Q3, said Dr.... More