AAOI
Applied Optoelectronics Inc
Applied Optoelectronics Inc
$AAOI reports steady gross margin improvement in Q1 2023, but inventory build-up to affect Q2 revenue; progress in regulatory approvals for sale of manufacturing facilities in China observed.
Applied Optoelectronics reported improved gross margins and demand for its 100G products in Q1 2023, but also noted an inventory build-up with certain CATV customers that is expected to negatively impact Q2 revenue. The company provided a Q2 outlook with expectations for lower revenue due to this inventory build-up. In addition, the company reported making progress in obtaining regulatory approvals for the sale of its manufacturing facilities in China. Despite challenges, management remains optimistic about the company's future and is focusing on improving operating performance. Investors should monitor progress in the coming quarters.
4mo ago
$AAOI