AFOP

Alliance Fiber Optic Products Inc.

NASDAQ

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AFOP

Alliance Fiber Optic Products Inc.

NASDAQ

Add Alert

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PennyWorld PremiumMember

10/29/15 10:10 PM

Post #59

Re: #58: @perfectpicksfor -you - Anyone watching this one today ?

I no longer own AFOP, but it appears that insider guidance is much lower than expectations. Hence the PPS pull back.

perfectpicksfor -you Free

10/29/15 11:13 AM

Post #58

Re: #47: @PennyWorld - Ok..any ears here? I'm not able to

Anyone watching this one today ?

ShawnJon

09/02/15 11:57 AM

Post #57

Fiber Optics Sector Heating Up!.......

Valdor TSX VTI Responds to $10,000,000 Request for Quote

Valdor Technology International Inc. ("Valdor") (TSX-V: VTI) (OTC: VTIFF) (Frankfurt: VZAA) is pleased to report that Valdor subsidiary, Valdor Fiber Optics, has submitted a $10,000,000 bid to a North American telecom company, in reply to their RFQ (request for quote) for a specific product relating to fibre-to-the-home installation.

moneymachine19 Free

10/20/14 9:14 PM

Post #56

AFOP

Forbes announced AFOP as one of the best 100 small companies in america Yahoo finance.
http://finance.yahoo.com/news/forbes-names-afop-one-americas-131500825.html

EARNINGS ANNOUNCEMENT THIS MONTH 29th Oct 2014

50 MA crossed below 200 MA on a down trend move

52W Range LOW 11.04 - 22.60 HIGH

outstanding shares 18.62 M
Float 13.44 M

standing at 12.14 today recovery from 52 week lows ?

for bottom fishers and momentum traders keep this on watch list

watch for volume and liquidity needs to pick up

Fundamentals make the market.
T. Boone Pickens

PennyWorld PremiumMember

04/23/14 5:22 PM

Post #55

Heavy insider selling yesterday (1 day before EPS report). I'm out with my $900 gain. Not going to be greedy and wait for EPS.

~MulaGreen~ Free

02/05/14 8:30 AM

Post #54

Re: #53: @~MulaGreen~ - AFOP:Alliance Fiber Optic Products Inc. ’s share price

AFOP: to Present at the Stifel Technology, Internet & Media Conference February 12, 2014
http://finance.yahoo.com/news/afop-present-stifel-technology-internet-131500753.html

~MulaGreen~ Free

02/05/14 8:17 AM

Post #53

AFOP:Alliance Fiber Optic Products Inc. ’s share price has entered into oversold territory with an RSI value of 29.2.
Now a good time to get in on after a huge drop.

~MulaGreen~ Free

02/04/14 6:29 PM

Post #52

$3+ Cheaper today.Rev$ Up and PPS got chopped down 21%+.Imminent 8 -10% Kangaroo Bounce!!!

~MulaGreen~ Free

02/04/14 6:26 PM

Post #51

Re: #50: @~MulaGreen~ - AFOP : Reports Consecutive Record Annual Sales and

Kangaroo Bounce tomorrow!!!

~MulaGreen~ Free

02/04/14 12:26 PM

Post #50

AFOP : Reports Consecutive Record Annual Sales and Profits in 2013. Guidance for Year-Over-Year Increase in Revenues of 86% in First Quarter 2014.

http://finance.yahoo.com/news/afop-reports-consecutive-record-annual-210500823.html

AFOP beat the Anals estimates...and yet down 21% @ the moment.

Shares Outstanding: 18.34M
Float:12.56M

Short:23.70%

Kangaroo bounce!!!imminent!!!

PennyWorld PremiumMember

01/16/14 5:04 PM

Post #49

Re: #48: @kittzelle - I take credit!!

I'm in at 16 per shr so I'm in the green zone. I generally diversify myself out so I'm not at too much risk with any one position. But I've been sticking my neck out on this one.

A spike like this without fundamental news always makes me suspicious. Insider trading, institutional trading, etc. We'll see if a PR is issued over the next couple of days.

EPS out on 2/3 after the bell. Zacks rating is a "buy" at #2. Not a strong buy (#1) but not a hold or sell either.

Trading volume today was heavy at 1.4M vs 502K 21 day average volume. Something is up IMO. Only the insiders know for sure.

kittzelle

01/16/14 3:32 PM

Post #48

Re: #47: @PennyWorld - Ok..any ears here? I'm not able to

I take credit!!

Iv been watching this for couple weeks, never took action!

So of course, it moves ahead of me like gmed and arrs, which I watched as well. LOL

Anyway, I jumped in..

But I have no know idea.

Money always knows before us anyway,

PennyWorld PremiumMember

01/16/14 3:28 PM

Post #47

Ok..any ears here? I'm not able to locate any news today to account for the 12% up spike. Thoughts?

PennyWorld PremiumMember

01/14/14 10:24 PM

Post #46

This stock looks attractive from a fundamental and technical basis. There are no recent posts here but I'm just checking in to see if anyone is on top of this situation?? No LT debt and positive earnings growth are a good sign. But having 40% of their revenue concentrated in just one customer concerns me a bit. Does anyone know the NAME of that one large customer?

On the TA front (technical analysis) AFOP has been in an relative down trend from Sept to Oct but recently has leveled off bouncing near/off the SMA/200.....with anticipation of the upcoming earning report on 2/3/14 (after the bell).

My speculation is that this stock will see a surge up assuming that the upcoming earnings and guidance is positive. But nobody has a crystal ball....unless you know the NAME of that top customer who accounts for 40% of AFOP revenues?

boo boo

11/21/13 10:16 AM

Post #45

Looks to be forming a nice base, imo. Needs to stay in this range a few more weeks!

Jobenny

11/06/13 10:56 AM

Post #44

Can anyone explain y AFOP is on a free fall?

ctcollins

10/18/13 9:51 AM

Post #43

Already up a buck from yesterdays close, I really love this stock all it has done is make me money over the past 4 months

ctcollins

10/18/13 8:14 AM

Post #42

Buy Buy Buy people, earnings coming out Thursday. This stock is still undervalued even @ $19.50

ctcollins

09/27/13 10:09 AM

Post #41

Great buying opportunity today, was able to pick up 6500 @ $20.95. I hope we have another $3 to $4 run

Euripides90 Free

08/23/13 7:17 AM

Post #40

Re: #39: @Euripides90 - Agree it can't possibly go up-up til the

To speculate on my own question: splits like this happen when value of a stock has gone up so high so fast that investors are seen as reluctant to invest, so management figures that splitting and making each share worth half, will encourage more new investors to get into the stock -- and that in turn will hopefully drive PPS back toward where it was before the split.

Based on this general wisdom I'm not seeing why it makes sense for current investors to keep driving the PPS up -- the lower it is by EOM and split, the higher future potential. It's not like we get more money if the PPS is high at time of split. Again, I keep thinking there will be some sort of plunge right before EOM and hesitate to invest too much more before then. Anyone have any experience or other opinions?

Euripides90 Free

08/22/13 5:41 AM

Post #39

Re: #38: @ctcollins - I'm waiting for another pull back also, then

Agree it can't possibly go up-up til the end of the month, especially with the up/down this stock has had already before the announcement.

One day again last week on Most Active List, up almost 9%: from $28.XX
and after another day to $34.00...some slight pullback today already. It's this volatility which has made some traders (like you according to your posts of buy/sell) money but keeps others away.

All shareholders will get basically double their/our stock number-wise who are holding end of this month: but you think that's b/c there is a split on Sept. 16th which will render each share half-value, so if there was no double dividend, would be a lot of stockholder anger?

This is a way to keep the SAME value, not really add more? Can't decide if I should add a lot by EOMonth or will it be a wash? You seem to have been playing this stock a while.

This confusion and waiting for a dip before EOM must be why volume is so light considering the big announcement -- which mentions nothing about the split as such, just that that's when the double shares will be distributed.

ctcollins

08/21/13 9:48 AM

Post #38

Re: #37: @Euripides90 - Good question. Even after the latest announcement

I'm waiting for another pull back also, then I'll stay in till the split on Sept. 16th

Euripides90 Free

08/18/13 10:05 AM

Post #37

Good question. Even after the latest announcement of the split -- Friday this stock was one of the top movers of the day, almost 9% on news of the split.

Does anyone think the price will keep rising til the end of the month til that happens? I'm concerned there will be some kind of sudden pullback so I'm waiting for that -- the stock has risen so much already this year despite the back-forth volatility that it may be dangerous to assume it will just keep going up-up til the end of the month. That would put the price sky-high.

ctcollins

08/14/13 8:33 AM

Post #36

Today's PR ( Aug. 14th )

http://www.marketwatch.com/story/afop-to-present-at-the-midwest-ideas-investor-conference-august-27-2013-2013-08-14

ctcollins

08/08/13 6:24 PM

Post #35

Buy back @ $31.80

ctcollins

08/08/13 6:23 PM

Post #34

Sell @ 34.15 tomorrow

ctcollins

08/08/13 6:22 PM

Post #33

Up .87 cents after hour, tomorrow will be another 10%+ day for me, wake up people and buy AFOP!

ctcollins

08/08/13 6:14 PM

Post #32

Why are there not anyone on this blog, this a extremely hot stock that I've flipped 3800 shares 3 times in the past month with the gains 10% and above each time. This is a must buy!!!!!!!!!!!!!

deadboy

07/15/13 9:40 AM

Post #31

Go AFOP!!!!

boo boo

02/20/13 12:37 AM

Post #30

Got a fill under 11 yesterday. Wanted lower but no Bobby C-gar. Fa$tlane, another good one, but you seem to bail on them. What's up with that?

Opti Mist

11/28/12 10:44 AM

Post #29

Why we opened today at $10.74 instead of $11.99 (notice the reduction of $1.25 which is the declared dividend.

After the close on the day before the ex-dividend date and before the market opens on the ex-dividend date, all open good-until-canceled limit, stop, and stop limit orders are automatically reduced by the amount of the dividend, except for orders that the customer indicated "Do Not Reduce." This is done because the dividend payout will decrease the value of the company, as it comes directly from the company's reserves. At the market opening on the ex-dividend date, the stock will trade on an ex-distribution basis, adjusted for the amount of the dividend paid. If a corporation is distributing something other than a cash dividend, such as rights or warrants, then an ex-dividend date can be called an ex rights date, or ex warrants date, etc.

The key date for dividend-paying stocks, funds, or securities is the ex-dividend date. The Record Date, or Date of Record, determines the ex-dividend date, before which an investor must own the stock in order to receive the dividend. For the investor to receive the upcoming dividend the investor must purchase the stock prior to the ex-dividend date.

Opti Mist

11/26/12 10:27 PM

Post #28

Re: #27: @Penny Roger$ - You might have a gap to fill.. Watch

Zacks #1 Rank Additions for Monday
By Zacks Equity Research | Zacks – 14 hours ago.. .
.

Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today:
• AAR Corp. (AIR)
• Addus Homecare Corp. (ADUS)
• Alliance Fiber Optic Products, Inc. (AFOP)
• AMN Healthcare Services, Inc. (AHS)
• Barnes & Noble, Inc. (BKS)

Opti

Penny Roger$ Free

11/06/12 7:52 PM

Post #27

Re: #26: @Opti Mist - looking at adding this stock to my portfolio.

You might have a gap to fill.. Watch for lower trend line to meet gap fill. Looks interesting imo. Love fiber optics.. Need some scrap pieces for party lights here.

Opti Mist

11/06/12 6:07 PM

Post #26

Re: #25: @Penny Roger$ - <<< $AFOP Links! >>> ~ MAC's Quick DD

looking at adding this stock to my portfolio. Any reasons not to buy?

Opti

Penny Roger$ Free

04/23/12 6:29 AM

Post #25

Re: #24: @Penny Roger$ - ~ Monday! $AFOP ~ Q1 Earnings posted, pending

Penny Roger$ Free

04/23/12 6:29 AM

Post #24

~ Monday! $AFOP ~ Q1 Earnings posted, pending or coming soon! In Charts and Links Below!

~ $AFOP ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.

http://stockcharts.com/h-sc/ui?s=AFOP&p=D&b=3&g=0&id=p88783918276&a=237480049

http://stockcharts.com/h-sc/ui?s=AFOP&p=W&b=3&g=0&id=p54550695994

~ Google Finance: http://www.google.com/finance?q=AFOP
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=AFOP#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=AFOP+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=AFOP
Finviz: http://finviz.com/quote.ashx?t=AFOP
~ BusyStock: http://busystock.com/i.php?s=AFOP&v=2

<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=AFOP >>>>>>

http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.

Penny Roger$ Free

02/02/12 1:19 AM

Post #23

~ $AFOP ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $AFOP ~ Earnings expected on Tuesday *
This Week In Earnings: Earnings are coming or are already posted! This is what the charts look like! If you play the earnings these posts can be very helpful to you!
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.

http://stockcharts.com/h-sc/ui?s=AFOP&p=D&b=3&g=0&id=p88783918276&a=237480049

http://stockcharts.com/h-sc/ui?s=AFOP&p=W&b=3&g=0&id=p54550695994

~ Barchart: http://barchart.com/quotes/stocks/AFOP?
~ OTC Markets: http://www.otcmarkets.com/stock/AFOP/company-info
~ Google Finance: http://www.google.com/finance?q=AFOP
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=AFOP#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=AFOP+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=AFOP
Finviz: http://finviz.com/quote.ashx?t=AFOP
~ BusyStock: http://busystock.com/i.php?s=AFOP&v=2
~ CandlestickChart: http://www.candlestickchart.com/cgi/chart.cgi?symbol=AFOP&exchange=US
~ Investorshub Trades: http://ih.advfn.com/p.php?pid=trades&symbol=AFOP
~ Investorshub Board Search: http://investorshub.advfn.com/boards/getboards.aspx?searchstr=AFOP
~ Investorshub PostStream Search: http://investorshub.advfn.com/boards/poststream.aspx?ticker=AFOP
~ Investorshub Goodies Search: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18582&srchyr=2011&SearchStr=AFOP
~ Investorshub Message Search: http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=AFOP
~ MarketWatch: http://www.marketwatch.com/investing/stock/AFOP/profile
~ E-Zone Chart: http://www.windchart.com/ezone/signals/?symbol=AFOP
~ 5-Min Wind: http://www.windchart.com/stockta/analysis?symbol=AFOP
~ 10-Min Wind: http://www.windchart.com/stockta/analysis?symbol=AFOP&size=l&frequency=10&color=g
~ 30-Min Wind: http://www.windchart.com/stockta/analysis?symbol=AFOP&size=l&frequency=30&color=g
~ 60-Min Wind: http://www.windchart.com/stockta/analysis?symbol=AFOP&size=l&frequency=60&color=g

http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.

boo boo

02/02/11 4:48 PM

Post #22

Re: #20: @ICEQUITY - AFOP Reports Record Year 2010 Sales and Profits

Good report but selling off after hours. Stock is very extended! Needs to come back in.

ICEQUITY

02/02/11 4:26 PM

Post #21

Re: #20: @ICEQUITY - AFOP Reports Record Year 2010 Sales and Profits

EQUITIES IRHub Alert $AFOP 2010 52% increase $45,406,000 Alliance Fiber Optic Products Inc. AFOP Reports Record Year http://t.co/lHxL6z3

ICEQUITY

02/02/11 4:20 PM

Post #20

Re: #19: @boo boo - They report on the 27th. Anybody here

AFOP Reports Record Year 2010 Sales and Profits
Date : 02/02/2011 @ 4:05PM
Source : Business Wire
Stock : Alliance Fiber Optic Products, Inc. (AFOP)
Quote : 19.49 0.51 (2.69%) @ 7:22AM

AFOP Reports Record Year 2010 Sales and Profits
Alliance Fiber Optic (NASDAQ:AFOP)
Intraday Stock Chart
Today : Wednesday 2 February 2011

Alliance Fiber Optic Products, Inc. (Nasdaq CM: AFOP), an innovative supplier of fiber optic components, subsystems and integrated modules for the optical network equipment market, today reported its financial results for the fourth quarter and year ended December 31, 2010.

Revenues for the fourth quarter of 2010 totaled $11,638,000, a 55% increase from revenues of $7,517,000 reported in the fourth quarter of 2009, and a decrease from revenues of $13,276,000 reported in the previous quarter. Operating income for the fourth quarter of 2010 rose to $1,823,000, compared with $254,000 in the year ago quarter and $2,210,000 in the previous quarter. The Company recorded net income for the fourth quarter of 2010 of $1,701,000, or $0.20 per share based on 8.7 million shares outstanding, compared to $428,000, or $0.05 per share based on 8.5 million shares outstanding, for the fourth quarter of 2009. This compares to net income for the third quarter of 2010 of $2,064,000, or $0.24 per share based on 8.6 million shares outstanding.

Revenues for fiscal year 2010 rose to $45,406,000, a 52% increase over revenues of $29,834,000 reported in the previous fiscal year. Operating income for the year ended December 31, 2010 rose to $6,099,000, compared with $751,000 for the year ended December 31, 2009. The Company recorded a net profit for fiscal year 2010 of $6,012,000, or $0.70 per share based on 8.6 million shares outstanding. This represents a substantial increase compared with a net profit of $1,433,000, or $0.17 per share for the year ended December 31, 2009.

Included in expenses for the quarter ended December 31, 2010 was $85,000 of stock-based compensation charges under ASC 718, compared with $33,000 of stock based compensation charges for the comparable quarter in 2009. Included in expenses for the year ended December 31, 2010 was $256,000 of stock-based compensation charges under ASC 718, compared with $112,000 of stock-based compensation charges for the year ended December 31, 2009.

“Fiscal year 2010 represented another significant growth milestone for AFOP,” commented Peter Chang, President and Chief Executive Officer. “Despite the fourth quarter sequential revenue decrease, 2010 overall revenues grew 52% to new record annual sales for the Company. With our operational efficiency improvements, gross margin remained above 35% in the fourth quarter, while our annual gross margin improved from 31% to over 34%. Operating profits and net profits also improved from the comparable quarter of 2009 and fiscal year 2009 levels. Most importantly, our balance sheet grew stronger in 2010. Our cash and short-term investments increased to over $45 million at year end.”

“With the solid progress we made serving our customers, extending our product technology and improving our operations in calendar year 2010, and the growing demand we have seen in the fiber optic industry, we are excited with our prospects for the growth this year. We expect that revenues and profits will continue to improve on a year over year basis in YR2011,” concluded Mr. Chang.

Conference Call

Management will host a conference call at 1:30 p.m. Pacific Time on February 2, 2011 to discuss AFOP’s fourth quarter and fiscal year 2010 financial results. To participate in AFOP’s conference call, please call 877-675-3572 at least ten minutes prior to the call in order for the operator to connect you. The confirmation number for the call is 35689456. AFOP will also provide a live webcast of its fourth quarter and fiscal year 2010 conference call at AFOP’s website, www.afop.com. An audio replay will be available until March 2, 2011. The dial in number for the replay is 800-642-1687 or 706-645-9291. The replay conference ID is 35689456.

About AFOP

Founded in 1995, Alliance Fiber Optic Products, Inc. designs, manufactures and markets a broad range of high performance fiber optic components and integrated modules. AFOP's products are used by leading and emerging communications equipment manufacturers to deliver optical networking systems to the long-haul, enterprise, metropolitan and last mile access segments of the communications network. AFOP offers a broad product line of passive optical components including interconnect systems, couplers and splitters, thin film CWDM and DWDM components and modules, optical attenuators, and micro-optics devices. AFOP is headquartered in Sunnyvale, California, with manufacturing and product development capabilities in the United States, Taiwan and China. AFOP's website is located at http://www.afop.com.

Except for the historical information contained herein, the matters set forth in this press release, including statements as to our expectations regarding future revenue and profit levels, our beliefs regarding business conditions and growing demand, our customer base, our product portfolio, and our expectations regarding future sales, are forward looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including, but not limited to general economic conditions and trends, the impact of competitive products and pricing, timely introduction of new technologies, timely design acceptance by our customers, the acceptance of new products and technologies by our customers, customer demand for our products, the timing of customer orders, loss of key customers, ability to ramp new products into volume production, the costs associated with running our operations, industry-wide shifts in supply and demand for optical components and modules, industry overcapacity, our ability to achieve cost control initiatives, financial stability in foreign markets, and other risks detailed from time to time in our SEC reports, including AFOP's quarterly report on Form 10-Q for the quarter ended September 30, 2010. These forward-looking statements speak only as of the date hereof. AFOP disclaims any intention or obligation to update or revise any forward-looking statements.

ALLIANCE FIBER OPTIC PRODUCTS, INC.
Condensed Consolidated Balance Sheets
(in thousands)
(Unaudited)

Dec. 31, Dec. 31,
2010 2009
ASSETS
Current assets:
Cash and short-term investments $ 45,360 $ 40,492
Other current asset - ARS Right - 1,779
Accounts receivable, net 7,224 4,952
Inventories 7,439 4,984
Other current assets 733 515
Total current assets 60,756 52,722

Property and equipment, net 7,523 4,434
Other assets 170 233
Total assets $ 68,449 $ 57,389

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 4,931 $ 3,701
Accrued expenses and other liabilities 4,737 3,936
Total current liabilities 9,668 7,637

Long-term liabilities 777 813
Total liabilities 10,445 8,450

Stockholders' equity 58,004 48,939
Total liabilities and stockholders' equity $ 68,449 $ 57,389

ALLIANCE FIBER OPTIC PRODUCTS, INC.
Condensed Consolidated Statements of Operations
(In thousands, except per share amounts)
(Unaudited)

Three Months Ended Twelve Months Ended
Dec. 31, Sept. 30, Dec. 31, Dec. 31, Dec. 31,
2010 2010 2009 2010 2009

Revenues $ 11,638 $ 13,276 $ 7,517 $ 45,406 $ 29,834

Cost of revenues 7,563 8,563 5,151 29,872 20,504
Gross profit 4,075 4,713 2,366 15,534 9,330

Operating expenses:
Research and development 757 882 760 3,218 2,972
Sales and marketing 566 643 535 2,406 2,276
General and administrative 929 978 817 3,811 3,331
Total operating expenses 2,252 2,503 2,112 9,435 8,579

Income from operations 1,823 2,210 254 6,099 751
Interest and other income, net 110 102 196 468 766
Net income before tax $ 1,933 $ 2,312 $ 450 $ 6,567 $ 1,517
Income tax 232 248 22 555 84
Net income $ 1,701 $ 2,064 $ 428 $ 6,012 $ 1,433

Net income per share
Basic $ 0.20 $ 0.24 $ 0.05 $ 0.70 $ 0.17
Diluted $ 0.19 $ 0.23 $ 0.05 $ 0.69 $ 0.17

Weighted average shares outstanding
Basic 8,707 8,575 8,443 8,580 8,405
Diluted 9,041 8,826 8,575 8,759 8,456

Included in costs and expenses above:
Stock based compensation charges
Cost of revenue $ 23 $ 28 $ 12 $ 85 $ 49
Research and development 10 11 5 32 22
Sales and marketing 15 13 3 38 10
General and administrative 37 35 13 101 31
Total $ 85 $ 87 $ 33 $ 256 $ 112