Boston, MA 08/14/2014 (wallstreetpr) – Applied Optoelectronics Inc (NASDAQ:AAOI) posted fifth consecutive quarter of record revenue. The revenues came at $32.7 million, up 67% year-over-year. It was the rise of 31% sequentially. The revenue from data center rose 170% at $17.9 million as compared to prior-year quarter. It was the rise of 55% sequentially. The revenue from CATV came at $10.6 million, up 1% year-over-year. It was the rise of 9% sequentially. The revenue from fiber-to-the-home came at $3.1 million, up 339% year-over-year. It was the rise of 40% sequentially
The other financial figures
Applied Optoelectronics Inc (NASDAQ:AAOI) reported the GAAP gross margin at 34.3%, comparable to 27.8% in the 2Q2013.Non-GAAP gross margin came at 34.4% comparable to 27.9% in 2Q2013. It stood at 34.9% in the previous quarter. The GAAP net income came at $1.9 million comparable to the net loss of $0.3 million. It accounts for the earnings of $0.12 per diluted share comparable to $1.04 per diluted share in 2Q2013. It stood at $0.01 per diluted share in the last quarter.
The Non-GAAP net income came at $2.4 million comparable to the net loss of $0.1 million in the prior-year quarter. It accounts for earnings of $0.15 per diluted share comparable to $0.31 per diluted share in 2Q2013. The non-GAAP net income stood at $0.06 per diluted share in the last quarter. The cash, cash equivalents stand at $43.0 million. It has shipped more than one million lasers in the current year.
The management view
Founder and CEO, Dr. Thompson Lin said that Applied Optoelectronics Inc (NASDAQ:AAOI) delivered success in all the markets. The efforts to enhance the demand for the fiber-to-the-home and data center products have worked effectively in the quarter. The focus remains on the new sales activities and specific staffing for its data center products. It has helped Applied to gain market share in the industry. The measures have driven 55% data center revenue growth on a sequential basis.
