Applied Optoelectronics Q3 revenue $56.7M, GAAP EPS -$0.56; 400G revenue triples QoQ

APPLIED OPTOELECTRONICS, INC.

2022-Q3 EPS reported -$1.67 revenue$161,233,000

Revenue $56.7M, up 6.4% YoY from $53.3M but below expectations; GAAP net loss $15.6M ($0.56/share) vs loss $15.8M YoY.
Non-GAAP net loss $7.1M ($0.26/share) vs loss $5.3M YoY; gross margin GAAP 17.2%, non-GAAP 18.0%.
CATV segment revenue highest quarterly in company history; 400G revenue more than tripled compared to Q2 2022.
Management cites faster-than-expected decline in 40G revenue as reason for revenue miss.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

APPLIED OPTOELECTRONICS, INC. reported third quarter 2022 ended September 30, 2022 results: revenue $56.7 million, net income $15.6 million, EPS $0.56 per basic share.

Period: third quarter 2022 ended September 30, 2022
Revenue: $56.7 million
Net income: $15.6 million
EPS: $0.56 per basic share
Result: reported results

Exact text from the filing

more than tripling compared to Q2, which we believe is the beginning of the anticipated ramp in this product family.” Third Quarter 2022 Financial Summary · GAAP revenue was $56.7 million, compared $53.3 million in the third quarter of 2021 and $52.3 million in the second quarter of 2022. · GAAP gross margin was 17.2 %, compared with 15.3% in the third quarter

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Source: SEC EDGAR

accession 0001683168-22-007251

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