Alliance Fiber Optic Products, Inc. (AFOP) Raises Second Quarter 2012 Revenue Guidance and Announces the Second Quarter Confe...
02 July 2012 - 10:00PM
Alliance Fiber Optic Products, Inc. (Nasdaq:AFOP), an innovative
supplier of fiber optic components, subsystems and integrated
modules for the optical network equipment market, today raised its
guidance for net sales for the quarter ended June 30, 2012.
For the 2nd quarter of 2012, the Company expects to report net
sales above $11.5 million, exceeding the previously stated revenue
guidance in the first quarter conference call. The Company's higher
than anticipated net sales in the second quarter of 2012 primarily
reflects stronger than expected bookings from key customers and
continuous business progress achieved in the first half of YR2012.
The Company's quarterly profits are expected to improve
significantly, compared with the previous quarter, as well.
A more detailed review of second quarter financial results as
well as the outlook for the third quarter of 2012 will be provided,
when complete second quarter results are discussed on a conference
call at 1:30 p.m. (Pacific) on July 24, 2012. To participate in
AFOP's conference call, please call 877-675-3572 at least ten
minutes prior to the call in order for the operator to connect
you. The confirmation number for the call is
96041630. AFOP will also provide a live webcast of its second
quarter 2012 conference call at AFOP's website: www.afop.com.
An audio replay will be available until August 24, 2012. The
dial in for the replay is 855-859-2056. The replay pass-code
96041630 is required for the replay.
About AFOP
Founded in 1995, Alliance Fiber Optic Products, Inc. designs,
manufactures and markets a broad range of high performance fiber
optic components and integrated modules. AFOP's products are used
by leading and emerging communications equipment manufacturers to
deliver optical networking systems to the long-haul, enterprise,
metropolitan and last mile access segments of the communications
network. AFOP offers a broad product line of passive optical
components including interconnect systems, couplers and splitters,
thin film CWDM and DWDM components and modules, optical
attenuators, and micro-optics devices. AFOP is headquartered
in Sunnyvale, California, with manufacturing and product
development capabilities in the United States, Taiwan and China.
AFOP's website is located at http://www.afop.com.
The Alliance Fiber Optic Products, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5578
Except for the historical information contained herein, the
matters set forth in this press release, including statements as to
our expectations regarding future revenue levels, our beliefs
regarding our opportunity for revenue growth and profit
improvements and the time periods thereof, our beliefs regarding
business conditions, our customer base, and demand for our products
are forward looking statements within the meaning of the "safe
harbor" provisions of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially,
including, but not limited to general economic conditions and
trends, trends in demand for bandwith, the impact of competitive
products and pricing, timely introduction of new technologies,
timely design acceptance by our customers, the acceptance of new
products and technologies by our customers, customer demand for our
products, the timing of customer orders, loss of key customers,
ability to ramp new products into volume production, the costs
associated with running our operations, industry-wide shifts in
supply and demand for optical components and modules, industry
overcapacity and demand for bandwith, cost control initiatives, our
ability to obtain and maintain operational efficiencies, financial
stability in foreign markets, and other risks detailed from time to
time in our SEC reports, including AFOP's quarterly report on Form
10-Q for the quarter ended March 31, 2012. These forward-looking
statements speak only as of the date hereof. AFOP disclaims any
intention or obligation to update or revise any forward-looking
statements.
CONTACT: Alliance Fiber Optic Products, Inc.
Helen Chan, 408-720-3288
Email: hchan@afop.com
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