Alliance Fiber Optic Products, Inc. (AFOP) Announces Preliminary Second Quarter Net Sales; Q2 2006 Results to Exceed Revenue Gu
July 06 2006 - 8:30AM
Business Wire
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 net sales for the quarter ended June 30, 2006.
These results are subject to change as a result of final management
review and closing adjustments for the quarter and fiscal year end.
For the 2nd quarter of 2006, the Company expects to report net
sales of above $6 million, exceeding previously stated revenue
guidance in the first quarter conference call. The Company's higher
than anticipated net sales in the second quarter of 2006 primarily
reflected stronger than expected bookings and continuous business
progress achieved in the quarter. A more detailed review of second
quarter results, as well as the outlook for the third quarter of
2006 will be provided, when complete second quarter results are
announced on a conference call at 1:30 p.m. (Pacific) on July 25,
2006. To participate in AFOP's conference call, please call
877-407-9210 (US/Canada) or 201-689-8049 (Int'l), and the
confirmation number is 207081. A listen-only broadcast of the
conference call can be accessed on the Company's website at
http://www.afop.com. The conference call will also be available via
instant replay and on the Company website following the call. In a
separate announcement, AFOP has achieved full compliance with the
European Parliament's Restriction of the use of Hazardous
Substances (RoHS) Directive. The RoHS directive bans the use of
certain hazardous substances, including lead, mercury, cadmium,
hexavalent chromium, polybrominated biphenyls (PBB), and
polybrominated diphenyl ethers (PBDE) in electrical and electronic
equipment sold into Europe. AFOP has maintained an initiative to
remove these substances from its products for over a year and has
been shipping RoHS compliant products to customers since the first
quarter of this year. 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, fixed and variable optical
attenuators, and isolators and circulators. 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. This press
release contains forward-looking statements within the meaning of
Section 27(a) of the Securities Act of 1933 and Section 21(e) of
the Securities Exchange Act of 1934, including statements related
to our expected net sales for the second quarter of 2006. Actual
results are subject to risks and uncertainties and could differ
materially from those projected. These risks and uncertainties
include final determination of net sales and adjustments that may
be made in connection with management review of the financial
results for the second quarter does not undertake to update any
forward-looking statements.
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