Summary by Moomoo AI
Applied Optoelectronics, a leading provider of fiber-optic networking products, reported a decrease in annual revenue from $222.8 million in 2022 to $217.6 million in 2023. Despite this, the company saw an improvement in gross margin, rising from 15.1% in 2022 to 27.1% in 2023. The net loss also improved, decreasing from $66.4 million in 2022 to $56.0 million in 2023. The company attributes the revenue decline primarily to decreased demand in the CATV market, offset by increased demand for internet datacenter products. Applied Optoelectronics is focused on the higher-performance segments of the internet data center, CATV, telecom, and FTTH markets, leveraging its vertically integrated manufacturing model. The company expects to release DOCSIS 4.0 products in 2024 and anticipates increased sales in the CATV market. Sales of 400 Gbps products are also expected to...Show More