AFOP Raises 2nd Quarter, 2010 Guidance
May 20 2010 - 9:00AM
Business Wire
Alliance Fiber Optic Products, Inc. (Nasdaq CM: 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, 2010.
For the 2nd quarter of 2010, the Company expects to report net
sales above $10 million, exceeding previously stated revenue
guidance provided in the first quarter conference call. This
revenue level represents approximately 30% growth compared with the
year ago quarter.
“The Company's higher than anticipated net sales in the second
quarter of 2010 primarily reflects stronger than expected demand
from customers across several lines and market segments. In
addition to managing current increased customer delivery
requirements, we continue our capacity expansion efforts to
support our customer needs going forward,” commented Peter Chang,
President and Chief Executive Officer.
Detailed financial results for the second quarter as well as the
outlook for the third quarter of 2010 will be provided, when
complete second quarter end results are announced on a conference
call to be held in the week of July 19, 2010.
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 connectivity 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.
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, our ability to
generate profits from operations and the time periods thereof, our
beliefs regarding business conditions, our customer base, our
product portfolio, our ability to continue to focus on our
operational efficiencies or our successes in doing so, and our
ability to continue to invest in growth opportunities, 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 for our products, the timing of customer
orders, loss of key customers, ability to ramp new products into
volume production, the costs associated with running our
operations, 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 quarterly report on Form 10-Q for the quarter
ended March 31, 2010. 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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