AFOP Raises 2nd Quarter, 2007 Guidance
June 25 2007 - 7:30AM
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
that it will raise its revenue guidance for the quarter ended June
30, 2007. For the 2nd quarter of 2007, the Company expects to
report net sales above $8.3 million, exceeding previously stated
revenue guidance provided in the first quarter conference call.
This revenue level represents approximately 34% growth compared
with the year ago quarter. The Company's higher than anticipated
net sales in the second quarter of 2007 primarily reflects stronger
than expected demand from customers. Detailed financial results for
the second quarter as well as the outlook for the third quarter of
2007 will be provided, when complete second quarter end results are
announced on a conference call to be held in the week of July 23,
2007. In addition to the guidance update, AFOP is pleased to
announce the signing of Hakuto Co, Ltd. as our new representation
partner for Japan. Hakuto has a long established and esteemed
presence with Japanese technology customers and will offer AFOP
improved capabilities to sell our innovative products in the
Japanese market. 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 DWDM components and modules,
fixed and variable optical attenuators, and depolarizers. 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. Except for
the historical information contained herein, the matters set forth
in this press release, including statements as to our future
prospects, our beliefs regarding factors contributing to quarterly
results, our ability to control expenses, our ability to improve
operational efficiencies, our order trends and customer activity,
and expected revenue growth and increased net profits, 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, 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, the timing of customer orders, loss of
key customers, ability to ramp new products into volume production,
industry-wide shifts in supply and demand for optical components
and modules, industry overcapacity, failure of cost control
initiatives, financial stability in foreign markets, and other
risks detailed from time to time in our SEC reports, including
AFOP's Form 10-Q for the quarter ended March 31, 2007. 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.
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