AFOP Announces Preliminary Results With Increased Revenue and Profits, and Third Quarter Conference Call Invitation
01 October 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 announced
its preliminary sales for the quarter ending September 30, 2012.
These results are subject to change as a result of final management
review and closing adjustments for the quarter ending on September
30, 2012.
For the 3rd quarter of 2012, the Company expects to report sales
above $12.3 million. The Company's higher than anticipated sales in
the third quarter of 2012 primarily reflects stronger than expected
bookings from key customers and continuous business progress
achieved from the first half of YR2012. Thanks to operational
improvements and favorable product mix, the Company expects 3rd
quarter gross margin to improve to the 35% level and quarterly
profits to increase as well.
A more detailed review of third quarter financial results as
well as the outlook for the fourth quarter of 2012 will be
provided, when complete third quarter results are discussed on a
conference call at 1:30 p.m. (Pacific) on October 23, 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
31422947. AFOP will also provide a live webcast of its third
quarter 2012 conference call at AFOP's website: www.afop.com. The
webcast replay will be available on AFOP's website 90 minutes after
the live conference call.
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
and our ability to continue to achieve efficiency improvements and
a favorable product mix 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, our ability to ramp new products into volume
production, the mix of products sold and product pricing, 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 June 30, 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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