AFOP Announces Preliminary Results With Increased Revenue and Profits, and First Quarter Conference Call Invitation
April 01 2013 - 4:01PM
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 March 31, 2013. These
results are subject to change as a result of final management
review and closing adjustments for the quarter ending on March 31,
2013.
For the 1st quarter of 2013, the Company expects to report sales
around $12.2 million, which represents 15% year over year growth.
With strong demands from AFOP customers, the Company expects to
deliver another 15% growth in the coming quarter. Profits and
profit margins will increase as well.
A more detailed review of first quarter financial results as
well as the outlook for the second quarter of 2013 will be
provided, when the complete first quarter results are discussed on
a conference call at 1:30 p.m. (Pacific Time) on April 23, 2013. 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 31645147. AFOP
will also provide a live webcast of its first quarter 2013
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 and profits and
the time periods thereof 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 bandwidth, 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 bandwidth, the success of 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 annual report on Form 10-K for the year ended December 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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