Alliance Fiber Optic Products, Inc. (AFOP) Raises Second Quarter 2012 Revenue Guidance and Announces the Second Quarter Conference Call Invitation
SUNNYVALE, Calif., July 2, 2012 (GLOBE NEWSWIRE) -- Alliance Fiber Optic Products, Inc. (AFOP), an innovative supplier of fiber optic components, subsystems and integrated modules for the optical network equipment market, today raised its guidance for net sales for the quarter ended June 30, 2012.
For the 2nd quarter of 2012, the Company expects to report net sales above $11.5 million, exceeding the previously stated revenue guidance in the first quarter conference call. The Company's higher than anticipated net sales in the second quarter of 2012 primarily reflects stronger than expected bookings from key customers and continuous business progress achieved in the first half of YR2012. The Company's quarterly profits are expected to improve significantly, compared with the previous quarter, as well.
A more detailed review of second quarter financial results as well as the outlook for the third quarter of 2012 will be provided, when complete second quarter results are discussed on a conference call at 1:30 p.m. (Pacific) on July 24, 2012. 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 96041630. AFOP will also provide a live webcast of its second quarter 2012 conference call at AFOP's website: www.afop.com . An audio replay will be available until August 24, 2012. The dial in for the replay is 855-859-2056. The replay pass-code 96041630 is required for the replay.
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, our beliefs regarding our opportunity for revenue growth and profit improvements and the time periods thereof, our beliefs regarding business conditions, our customer base, and demand for our products 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 bandwith, 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 and demand for bandwith, 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 quarterly report on Form 10-Q for the quarter ended March 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: firstname.lastname@example.org