Alliance Fiber Optic Products Inc. Announces Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2015; Provides Revenue Guidance for the Second Quarter of 2015 and Provides Earnings Guidance for the Full Year of 2015
Apr 22 15
Alliance Fiber Optic Products Inc. announced consolidated unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenues of $21,663,000 against $24,882,000 a year ago, due to again to the effort by its exceptional team, reading customers requirements during the quarter with the Chinese New Year shutdowns. Income from operations was $5,418,000 against $6,470,000 a year ago. Income before benefit (provision) for income taxes was $5,614,000 against $6,617,000 a year ago. Net income was $2,926,000 against $5,015,000 a year ago. Net income per diluted share was $0.16 against $0.26 a year ago. Adjusted (non-GAAP) income from operations was $5,914,000 against $7,187,000 a year ago. Adjusted net income was $5,222,000 against $6,391,000 a year ago. Adjusted net income per diluted share was $0.29 against $0.34 a year ago. Non-GAAP EBITDA was $6,576,000 against $7,841,000 a year ago, due to the support of its customers and the effort by its Asia operations, it able to deliver quarterly revenue within previous guidance, during a normally slower season which includes the Chinese New Year holiday. CapEx was around $1 million.
Based on input from its customers and current orders, the company expects revenues in the coming quarter to be in the range of $22.5 million to $24.5 million. Gross margin, expect to remain about 41% and could stay at similar level in second quarter with a higher level of sales and the favorable product mix in the coming year. CapEx will increase because of the completion of the facility expansion in China.
With this strong beginning, it is encouraged by the prospect of delivering both record revenues and record profits for the year of 2015. All the progress will help AFOP deliver another record year in both sales and operating profit.
Alliance Fiber Optic Products Inc. to Approve Election of Directors
Apr 17 15
Annual Meeting of Stockholders of Alliance Fiber Optic Products Inc. will be held on May 20, 2015. The shareholders to approve Mr. Gwong-Yih Lee and Mr. James C. Yeh as Class III directors to serve until the 2018 Annual Meeting of Stockholders or until their successors are duly elected and qualified.
Alliance Fiber Optic Products Inc. Presents at Cowen and Company 43rd Annual Technology, Media & Telecom Conference 2015, May-28-2015 09:30 AM
Apr 16 15
Alliance Fiber Optic Products Inc. Presents at Cowen and Company 43rd Annual Technology, Media & Telecom Conference 2015, May-28-2015 09:30 AM. Venue: The New York Palace Hotel, 455 Madison Avenue, New York, NY 10022, United States.
Alliance Fiber Optic Products Inc. Presents at 16th Annual B. Riley & Co. Investor Conference, May-12-2015
Apr 14 15
Alliance Fiber Optic Products Inc. Presents at 16th Annual B. Riley & Co. Investor Conference, May-12-2015 . Venue: Loews Hollywood Hotel, Los Angeles, California, United States.
Alliance Fiber Optic Products Inc. to Report Q1, 2015 Results on Apr 22, 2015
Apr 6 15
Alliance Fiber Optic Products Inc. announced that they will report Q1, 2015 results on Apr 22, 2015