Applied Optoelectronics: High Expectations Not Met Despite 138% Revenue Growth - Insiders Invest $1.0 Million

Applied Optoelectronics Inc. (AAOI) failed to meet the high expectations of investors with the report presented on August 7 for the second quarter. The company managed to increase revenue by approximately 138% to $102.95 million and improve its EPS from -$0.28 to -$0.16, but experts had hoped for more. The consensus for the Q2 results was projected revenue of $104.96 million and an EPS of -$0.08. A contributing factor for profitability was noted as higher operating costs. These increased costs are a result of strategic investments in research and...