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Applied Optoelectronics
(NASDAQ:AAOI)
Applied Optoelectronics (AAOI) vs. SPDR S&P 500 ETF (SPY)
Applied Optoelectronics Business Overview & Revenue Model
Applied Optoelectronics Earnings Call Summary
Applied Optoelectronics Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 368.23M | 249.37M | 217.65M | 222.82M | 211.56M | 234.62M |
| Gross Profit | 106.35M | 61.80M | 58.92M | 33.63M | 37.72M | 50.54M |
| EBITDA | -149.35M | -159.26M | -26.18M | -36.88M | -23.17M | -20.86M |
| Net Income | -155.72M | -186.73M | -56.05M | -66.40M | -54.16M | -58.45M |
Balance Sheet | ||||||
| Total Assets | 796.85M | 547.03M | 389.19M | 408.26M | 454.46M | 480.81M |
| Cash, Cash Equivalents and Short-Term Investments | 64.70M | 67.43M | 45.37M | 24.68M | 34.66M | 43.42M |
| Total Debt | 179.11M | 190.86M | 121.07M | 155.53M | 149.90M | 154.92M |
| Total Liabilities | 371.87M | 317.92M | 174.32M | 223.59M | 199.89M | 202.91M |
| Stockholders Equity | 424.98M | 229.11M | 214.87M | 184.67M | 254.57M | 277.89M |
Cash Flow | ||||||
| Free Cash Flow | -243.95M | -112.93M | -17.60M | -18.26M | -22.30M | -63.57M |
| Operating Cash Flow | -155.44M | -69.53M | -7.93M | -14.02M | -11.64M | -44.01M |
| Investing Cash Flow | -113.73M | -50.70M | -14.76M | -3.83M | -10.55M | -19.35M |
| Financing Cash Flow | 335.07M | 142.18M | 40.58M | 10.75M | 14.09M | 47.44M |
Applied Optoelectronics Technical Analysis
Applied Optoelectronics Risk Analysis
Applied Optoelectronics Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $1.73B | 16.37 | 12.32% | ― | 17.53% | 27.74% | |
70 Neutral | $1.44B | 24.18 | 7.83% | ― | -0.19% | -28.72% | |
66 Neutral | $1.45B | 19.16 | 8.64% | 4.41% | -2.16% | -2.77% | |
62 Neutral | $1.97B | 460.38 | 0.66% | 2.16% | -9.54% | ― | |
61 Neutral | $35.52B | 8.84 | -11.06% | 1.87% | 8.55% | -8.14% | |
50 Neutral | $1.45B | ― | -50.93% | ― | 77.94% | -75.13% | |
48 Neutral | $1.35B | ― | -37.97% | ― | -15.65% | -7.18% |
Applied Optoelectronics Corporate Events
On September 1, 2025, Applied Optoelectronics‘ subsidiary, Prime World International Holdings Ltd., entered into a 15-year lease agreement for a property in New Taipei City, which includes a building and land. The lease allows for modifications to accommodate production needs and includes rights such as first refusal for purchase and renewal, ensuring strategic flexibility and operational stability for the company.
On August 27, 2025, Applied Optoelectronics, Inc. entered into an Equity Distribution Agreement with Raymond James & Associates, Inc. and Needham & Company, LLC, allowing the company to issue and sell up to $150 million worth of common stock through these sales agents. This agreement facilitates ‘at the market’ offerings, providing flexibility for the company to raise capital as needed, while also detailing compensation and reimbursement terms for the sales agents. The agreement can be terminated by either party and includes indemnification clauses for the sales agents.
On August 20, 2025, Prime World International Holdings Ltd., a subsidiary of Applied Optoelectronics, Inc., agreed to terminate its lease with San Ho Electric Machinery Industry Co., Ltd., effective August 31, 2025. As part of the termination, Prime World will pay NT$9,400,000 to settle all obligations, ensuring no further claims between the parties, which may impact the company’s operational logistics and financial commitments.
On July 31, 2025, Applied Optoelectronics, Inc. entered into a Loan and Security Agreement with BOK Financial, securing a $35 million revolving line of credit with a potential increase to $75 million under certain conditions. This credit facility is intended to support the company’s general working capital and business operations, with the loan secured by most of the company’s assets, excluding foreign subsidiaries, and requiring adherence to specific financial covenants.
On July 29, 2025, Global Technology, a subsidiary of Applied Optoelectronics, Inc., secured a five-year revolving credit line agreement worth 250,000,000 RMB with Shanghai Pudong Development Bank in Ningbo City, China. This credit line is intended for general corporate and capital investment purposes, with borrowing conditions and interest rates to be mutually agreed upon. The agreement allows the bank to revoke the credit line unilaterally under certain conditions, and Global Technology’s obligations are secured by real property under a mortgage contract.
On July 18, 2025, Global Technology, a subsidiary of Applied Optoelectronics, secured an 82,000,000 RMB credit facility with Shanghai Pudong Development Bank to repay loans and for general corporate purposes. By July 23, 2025, Global Technology utilized this facility to clear its debts with China Zheshang Bank, terminating the previous credit line without penalties.
On June 26, 2025, Global Technology, a subsidiary of Applied Optoelectronics, Inc., secured a five-year revolving credit line agreement totaling 162,260,000 RMB with China Construction Bank in Ningbo City, China. This credit line, intended for general corporate and capital investment purposes, allows Global Technology to draw funds until June 26, 2030, with each draw subject to bank approval and secured by the company’s real property.
On June 12, 2025, Global Technology, a subsidiary of Applied Optoelectronics, secured a one-year credit facility worth 96,800,000 RMB with China Construction Bank to repay outstanding loans with Shanghai Pudong Development Bank. By June 18, 2025, Global Technology used the credit facility to settle its obligations under a previous revolving credit line with Shanghai Pudong Development Bank, terminating the associated agreements without incurring penalties.
On June 12, 2025, Applied Optoelectronics, Inc. held its Annual Meeting of Stockholders, where an amendment to increase the number of authorized shares of common and capital stock was approved. The amendment, which raised the authorized common stock from 80 million to 120 million shares, was filed and became effective the same day. Additionally, the meeting included the election of directors, ratification of the company’s accounting firm, and approval of executive compensation, reflecting significant shareholder engagement with a 63.06% representation of eligible shares.
On June 7, 2025, Prime World International Holdings Ltd., a subsidiary of Applied Optoelectronics, Inc., signed a 15-year lease agreement with San Ho Electric Machinery Industry Co., Ltd. for a property in Taoyuan City, Taiwan. This strategic move allows Prime World to modify the building to meet production needs and includes rights such as first refusal to purchase or renew the lease, potentially enhancing the company’s operational capabilities and market positioning.