And stock price up $2.00 (or 14%) to $16.80) in pre-market. Can’t say we didn’t tell you.
Saul
Alliance Fiber Optic Products, Inc. (AFOP), an innovative supplier of fiber optic components, subsystems and integrated modules for the optical network equipment market, today announced its preliminary sales for the quarter ending March 31, 2014. These results are subject to change as a result of final management review and closing adjustments for the quarter ending on March 31, 2014.
For the first quarter of 2014, the Company expects to report the sales of approximately $24.8million, which represents 104% revenue increase from the year ago quarter and is 10% higher than the $22.5million revenue guidance issued on Feb 03, 2014. With this record quarterly sale, the Company expects to report record quarterly profits as well.