AOI's 2015 revenue increased by 46% annually, and 100G data center transceivers performed well
Recently, Applied Optoelectronics, Inc. (AOI), a leading supplier of fiber optic access network products for the Internet data center, cable TV broadband and FTTH markets, announced its 2015 Fourth quarter and full year financial results as of December 31.
"We delivered another record performance in 2015, driven by strong growth in sales and net income.
Driven by significantly higher than expected 100G data center transceiver shipments. Fourth-quarter sales revenue exceeded our expectations of 46% year-over-year growth," said Dr. Thompson Lin, founder and CEO of AOI.
“With in-house laser manufacturing and light engine capacity, we are able to accelerate shipments to meet the needs of growing hyperscale data center customers, with our 100G long-reach transceiver shipments approaching 10,000 units in the fourth quarter .
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Lin also said, “In addition to the design order (Design Wins) announced in November last year, we also Obtained 3 100G transceiver design orders from existing customers
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AOI 2015 Fourth quarter financial results
* Sales revenue was US$53 million, a year-on-year increase of 46% and a month-on-month decrease of 7%.
* GAAP gross profit margin 29.5%, a year-on-year decrease of 4.2 percentage points, and a month-on-month decrease of 2.1 percentage points.
The non-GAAP gross profit margin was 29.5%, a year-on-year decrease of 5.5 percentage points, and a month-on-month decrease of 2.2 percentage points.
AOI said. The lower-than-expected gross margin in the fourth quarter was due to a shift in product mix - a shift within the data center segment toward shorter-range 40G transceivers with lower gross margins.
* GAAP net income was $2.7 million, or 15 cents per diluted share, compared with net income of $700,000, or 5 cents per diluted share, in the same period last year, and net income in the previous quarter was $2.7 million, or 16 cents per diluted share.
* Non-GAAP net income 3.9 million Net income was US$4 million, or 27 cents per diluted share, in the same period last year, and net income was US$6.7 million, or 40 cents per diluted share, in the previous quarter.
AOI 2015 Financial Results
* Sales revenue was US$189.9 million, an annual increase of 46%.
* GAAP gross profit margin was 31.8%, an annual decrease of 2.1 percentage points.
Non-GAAP gross profit margin was 31.9%, an annual decrease of 2.7 percentage points.
* GAAP net income was $10.8 million, or 65 cents per diluted share, compared with net income of $4.3 million, or 28 cents per diluted share, in the prior year.
Non-GAAP net income Revenue was $17 million, or $1.03 per diluted share, compared with net income of $10.4 million, or $68 cents per diluted share last year.
* As of December 31, 2015, AOI held cash, cash equivalents, short-term investments and restricted-use cash totaling $40.7 million, compared with $40.9 million at the end of the previous fiscal year.
AOI Outlook for the First Quarter of 2016
* Sales revenue will be between US$50-54 million.
* Non-GAAP gross profit margin is between 31.0%-32.5%.
* Non-GAAP net income in the range of $3.8 million to $5.0 million, and non-GAAP fully diluted earnings per share based on 17.8 million shares in the range of 21 to 28 cents.
