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ΤΗ AOI APPLIED OPTOELECTRONICS , INC . Applied Optoelectronics Reports Third Quarter 2021 Results November 4 , 2021 SUGAR LAND , Texas , Nov. 04 , 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 third quarter 2021 ended September 30 , 2021 . " Demand trends played out largely as we expected in the third quarter , " said Dr. Thompson Lin , Applied Optoelectronics Inc. Founder , President and Chief Executive Officer . " We are encouraged by the continued strength we are seeing in our CATV business and the sequential uptick in datacom , as well as nine design wins across our business in the quarter . As expected , some component shortages impacted our business in the third quarter , and this is expected to continue to be a factor in the fourth quarter , but we believe the demand drivers remain favorable for us and anticipate easing of these supply constraints in the future . " Third Quarter 2021 Financial Summary • Total revenue was $ 53.3 million , compared with $ 76.6 million in the third quarter of 2020 and $ 54.2 million in the second quarter of 2021 . • GAAP gross margin was 15.3 % , compared with 25.0 % in the third quarter of 2020 and 19.9 % in the second quarter of 2021. Non - GAAP gross margin was 19.9 % , compared with 27.4 % in the third quarter of 2020 and 25.0 % in the second quarter of 2021 . • GAAP net loss was $ 15.8 million , or $ 0.58 per basic share , compared with net loss of $ 9.6 million , or $ 0.42 per basic share , in the third quarter of 2020 , and a net loss of $ 8.2 million , or $ 0.31 per basic share , in the second quarter of 2021 . • Non - GAAP net loss was $ 5.3 million , or $ 0.20 per basic share , compared with non - GAAP net loss of $ 1.4 million , or $ 0.06 per basic share in the third quarter of 2020 , and a non - GAAP net loss of $ 4.1 million , or $ 0.15 per basic share in the second quarter of 2021 . A reconciliation between all GAAP and non - GAAP information referenced above for the third quarters of 2021 and 2020 is contained in the tables below . Please also refer to " Non - GAAP Financial Measures " below for a description of these non - GAAP financial measures . Fourth Quarter 2021 Business Outlook ( + ) For the fourth quarter of 2021 , the company currently expects : • Revenue in the range $ 51 million to $ 55 million . • Non - GAAP gross margin in the range of 18.5 % to 20.0 % . • Non - GAAP net loss in the range of $ 5.5 million to $ 6.6 million , and non - GAAP loss per share in the range of $ 0.20 to $ 0.24 using approximately 27.4 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 November 4 , 2021 to discuss its third quarter 2021 results and outlook for its fourth quarter 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 10160446 . 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 beliefs and expectations related to our outlook for the fourth quarter of 2021. Such forward - looking statements reflect the views of management at the time such statements are made . These forward - looking statements involve risks and uncertainties , as well as assumptions and current expectations , which could cause the company's actual results to differ materially from those anticipated in such forward - looking statements . These risks and