Company Name: Alliance Fiber Optic Products, Inc.
Stock Market: NASDAQ (AFOP)
Industry Sector: Semiconductors & Related Devices
Yearly Revenue: $33.8 million (for the year ended December 31, 2007)
Operating Income: $1.6 million (in 2007)
Net Income: $3.4 million (in fiscal year 2007)
Key People: Peter C. Chang (President, Chief Executive Officer (Principal Executive Officer) and Chairman), Anita K. Ho (Acting Chief Financial Officer (Principal Financial and Accounting Officer))
Headquarters Address: 275 Gibraltar Drive ,
Sunnyvale , CA 94089
Number of Employees: 691 full-time
Website Address: www.afop.com
Company Overview
Alliance Fiber Optic Products, Inc. was founded in December 1995 and began operating to manufacture, market, and design fibre optic interconnect products which the company previously called OPMS product.
Alliance Fiber offers a variety of products which includes interconnection devices which are used in joining components and optical fibres; splitters and couplers being used to combine and divide optical power; and Dense Wavelength Division Multiplexing (“DWDM”) devices that combine and divides numerous defined wavelengths. The Alliance Fiber Optic Products, Inc. emphasis on manufacturing and design, as well as their extensive manufacturing expertise, allows for producing products proficiently, and with high quality. Alliance Fiber Optic Products’ customers deploy their products in varied forms, such as long-haul networks connecting cities, metropolitan networks linking areas within cities, and the connection to individual households and businesses, which uses last mile access networks. The enterprise network is used within businesses.
The company’s optical products help the needs of current and next generation optical network system applications. Their connectivity (previously called Optical Path Management Solutions “OPMS”) product family brings a complete line of complete optical interconnect tools, splitter, and couplers, planar light wave circuits (PLC) and associated optical products, including integrated modules connecting these devices. Alliance Fiber optical passive products (previously named as Wavelength Management Solutions “WMS”), including WDM and DWDM modules and components, employ thin film filter technologies to segregate optical signals, optical switches, variable attenuators and other optical devices using a technology involving micro optic lenses as well as integrated electro-optical modules integrating these products.
Alliance Fiber’s direct sales force sells and markets the products primarily in the United States. They maintain a sales support staff particularly in Taiwan to service customers based in the Asia Pacific region. The company’s technical marketing personnel and direct sales force maintain close contact with customers and provide them with technical support. A custom usb may also be a great way to increase your brand.
Current Financial Overview
Alliance Fiber’s revenue has decreased from $33.8 million to $26.8 million for the years ended December 31, 2007 and 2006, respectively. This is primarily due to the increased acceptance of their products by customers which resulted in a high volume of shipments partially offset by low average selling price. If this condition will continue, the company expects to incur increasing and significant expenses for enlargement of manufacturing operations, sales and marketing, research and development, and administration.
Alliance Fiber’s gross profit for 2007 was increased to $10.6 million, or equivalent to 31.5% compared to the 2006 gross profit of $7.4 million, or equivalent to 27.7% of revenues. The company is expecting that their gross profit will continue to improve with higher production volumes, which the company anticipates due to an improved absorption of overhead expenses.
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