Applied Optoelectronics, Inc. (AOI), a leading provider of fiber-optic network products, filed an amended Form 8-K/A with the U.S. Securities and Exchange Commission (SEC) on February 22, 2024, to correct a clerical error in its previously issued earnings release. The amendment adjusts the non-GAAP net loss range for the first quarter of 2024 from $18.9 million to $20.8 million to a revised range of $10.9 million to $12.6 million. The rest of the original Form 8-K, including the earnings release, remains unchanged. The company reported a non-GAAP net income of $1.6 million, or $0.04 per diluted share, for the fourth quarter of 2023, marking a significant improvement from a non-GAAP net loss of $5.4 million, or $0.19 per basic share, in the same quarter of the...Show More

Applied Optoelectronics, Inc. (AOI), a leading provider of fiber-optic network products, filed an amended Form 8-K/A with the U.S. Securities and Exchange Commission (SEC) on February 22, 2024, to correct a clerical error in its previously issued earnings release. The amendment adjusts the non-GAAP net loss range for the first quarter of 2024 from $18.9 million to $20.8 million to a revised range of $10.9 million to $12.6 million. The rest of the original Form 8-K, including the earnings release, remains unchanged. The company reported a non-GAAP net income of $1.6 million, or $0.04 per diluted share, for the fourth quarter of 2023, marking a significant improvement from a non-GAAP net loss of $5.4 million, or $0.19 per basic share, in the same quarter of the previous year. For the full year 2023, AOI reported a GAAP net loss of $56.0 million, or $1.75 per basic share, and a non-GAAP net loss of $13.3 million, or $0.42 per basic share. The company anticipates a revenue decline in Q1 2024 due to the Lunar New Year and price reductions, with substantial improvement expected in Q2. The conference call to discuss the fourth quarter and full year 2023 financial results and the outlook for Q1 2024 was held on February 22, 2024.