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ΛΟΙ APPLIED OPTOELECTRONICS , INC . TM Applied Optoelectronics Reports First Quarter 2021 Results May 6 , 2021 SUGAR LAND , Texas , May 06 , 2021 ( GLOBE NEWSWIRE ) -- Applied Optoelectronics , Inc. ( NASDAQ : AAOI ) , a leading provider of fiber - optic access network products for the internet datacenter , cable broadband , telecom and fiber - to - the - home ( FTTH ) markets , today announced financial results for its first quarter 2021 ended March 31 , 2021 . " Market dynamics played out as we expected , and we are pleased to deliver results in line with our expectations , " said Dr. Thompson Lin , Applied Optoelectronics Inc. Founder , President and Chief Executive Officer . " While we continue to see softness in our datacenter business , we are encouraged by the recovery that we saw in the telecom market and by the continued strength in our CATV business . We delivered a record first quarter for our CATV business , and we ended the quarter with a strong backlog of CATV products which we expect to continue to drive growth in this segment going forward . " First Quarter 2021 Financial Summary • GAAP revenue was $ 49.7 million , compared $ 40.5 million in the first quarter of 2020 and $ 52.3 million in the fourth quarter of 2020 . • GAAP gross margin was 21.6 % , compared with 15.7 % in the first quarter of 2020 and 21.6 % in the fourth quarter of 2020 . Non - GAAP gross margin was 24.6 % , compared with 19.5 % in the first quarter of 2020 and 27.5 % in the fourth quarter of 2020 . • GAAP net loss was $ 15.6 million , or $ 0.59 per basic share , compared with net loss of $ 16.8 million , or $ 0.83 per basic share in the first quarter of 2020 , and a net loss of $ 13.4 million , or $ 0.57 per basic share in the fourth quarter of 2020 . • Non - GAAP net loss was $ 5.5 million , or $ 0.21 per basic share , compared with non - GAAP net loss of $ 8.8 million , or $ 0.44 per basic share in the first quarter of 2020 , and a non - GAAP net loss of $ 4.8 million , or $ 0.20 per basic share in the fourth quarter of 2020 . A reconciliation between all GAAP and non - GAAP information referenced above is contained in the tables below . Please also refer to " Non - GAAP Financial Measures " below for a description of these non - GAAP financial measures . Second Quarter 2021 Business Outlook ( + ) For the second quarter of 2021 , the company currently expects : • Revenue in the range of $ 51 million to $ 56 million . • Non - GAAP gross margin in the range of 25.5 % to 27.5 % . • Non - GAAP net loss in the range of $ 3.8 million to $ 5.6 million , and non - GAAP loss per share in the range of $ 0.14 to $ 0.21 using approximately 27.2 million shares . ( + ) Please refer to the note below on forward - looking statements and the risks involved with such statements as well as the note on non - GAAP financial measures . Conference Call Information The company will host a conference call and webcast for analysts and investors on May 6 , 2021 to discuss its first quarter 2021 results and outlook for its second quarter of 2021 at 4:30 p.m. Eastern time / 3:30 p.m. Central time . Open to the public , investors may access the call by dialing 844-890-1794 ( domestic ) or 412-717-9586 ( international ) . A live audio webcast of the conference call along with supplemental financial information will also be accessible on the company's website at investors.ao-inc.com . Following the webcast , an archived version will be available on the website for one year . A telephonic replay of the call will be available one hour after the call and will run for five business days and may be accessed by dialing 877-344-7529 ( domestic ) or 412-317-0088 ( international ) and entering passcode 10154470 . Forward - Looking Information This press release contains forward - looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases , you can identify forward - looking statements by terminology such as " believe , " " may , " " estimate , " " continue , " " anticipate , " " intend , " " should , " " could , " " would , " " target , " " seek , " " aim , " " predicts , " " think , " " objectives , " " optimistic , " " new , " " goal , " " strategy , " " potential , " " is likely , " " will , " " expect , " " plan " " project , " " permit " or by other similar expressions that convey uncertainty of future events or outcomes . These statements include management's