Applied Optoelectronics Lowers Q3 Revenue Guidance - Quick Facts

(RTTNews) - Applied Optoelectronics, Inc. (AAOI) announced the company currently expects revenue for its third quarter 2018 to be between $55 million and $58 million, below the previous guidance of $82 million to $92 million.

"During the third quarter, we identified an issue with a small percentage of 25G lasers within a specific customer environment. Consistent with AOI's commitment to supreme product quality and customer support, we mutually agreed with the customer to temporarily suspend shipments of certain transceivers utilizing these lasers while we worked to gain a deeper understanding of the scope of the issue and implement a solution. We have since determined that less than one percent of these lasers were subject to this issue, we have enacted a solution and with the agreement of the customer, resumed shipments," said Thompson Lin, Applied Optoelectronics CEO.