Applied Optoelectronics, Inc. (NASDAQ:AAOI) Q1 2023 Earnings Conference Call May 4, 2023 4:30 PM ET

Company Participants

Lindsay Savarese – Investor Relations

Thompson Lin – Founder, President, Chief Executive Officer, and Chairman

Stefan Murry – Chief Financial Officer and Chief Strategy Officer

Conference Call Participants

Simon Leopold – Raymond James

Tim Savageaux – Northland Capital Markets

Operator

Good afternoon. I will be your conference operator. At this time I would like to welcome everyone to the Applied Optoelectronics’ First Quarter 2023 Earnings Conference Call. [Operator instructions] Please note that this event is being recorded.

I would now like to turn the conference over to Lindsay Savarese, Investor Relations for AOI. Ms. Savarese you may begin.

Lindsay Savarese

Thank you. I'm Lindsay Savarese, Investor Relations for Applied Optoelectronics. And I'm pleased to welcome you to AOI's first quarter 2023 financial results conference call.

After the market closed today, AOI issued a press release announcing its first quarter 2023 financial results and provided its outlook for the second quarter of 2023. The release is also available on the company's website at ao-inc.com.

This call is being recorded and webcast live. A link to the recording can be found on the Investor Relations section of the AOI website and will be archived for one year.

Joining us on today's call is Dr. Thompson Lin, AOI's Founder, Chairman, and CEO; and Dr. Stefan Murry, AOI's Chief Financial Officer and Chief Strategy Officer.

Thompson will give an overview of AOI's Q1 results, and Stefan will provide financial details and the outlook for the second quarter of 2023. A question-and-answer session will follow our prepared remarks.

Before we begin, I would like to remind you to review AOI's Safe Harbor statement. On today's call, management will make forward-looking statements. These forward-looking statements involve risks and uncertainties as well as assumptions and current expectations, which could cause the company's actual results, levels of activity, performance or achievements of the company, or its industry to differ materially from those expressed or implied in such forward-looking statements. In some cases, you can identify forward-looking statements by terminologies such as believes, anticipates, estimates, intends, predicts, expects, plans, may, should, could, would, will, potential or thinks or by the negative of those terms or other similar expressions that convey uncertainty of future events or outcomes. The company has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While the company believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond the company's control, including important factors, such as risks related to the company's ability to complete the transaction described on this call on the proposed terms and schedule or at all; the risk that certain closing conditions may not be timely satisfied or waived; the failure or delay to receive the required regulatory or other government approvals relating to the transaction; and the occurrence of any event, change or other circumstance that could give rise to the termination of the transaction.