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Dec 31, 2023
Applied Optoelectronics Q4 2023 Earnings Report
Applied Optoelectronics reported Q4 2023 results, achieving a small non-GAAP net income for the first time in many years due to improved gross margin and expense management.
Key Takeaways
Applied Optoelectronics announced its Q4 2023 financial results, noting that while revenue fell short of expectations, gross margin exceeded projections, resulting in non-GAAP EPS at the high end of the guidance range.
Gross margin improved, contributing to a small non-GAAP net income.
Q4 revenue came in below expectations.
Gross margin outperformed projections.
Non-GAAP EPS was at the high end of the guidance range.
Forward Guidance
For the first quarter of 2024, the company expects to see some revenue decline due to the Lunar New Year combined with some price reductions, with substantial improvement expected in Q2.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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