Applied Optoelectronics, Inc. (AAOI) 10-Year Financial Performance & Capital Metrics

AAOI • • Industrial / General

TechnologySemiconductorsOptoelectronics & PhotonicsLasers & LiDAR Systems

AboutApplied Optoelectronics, Inc. designs, manufactures, and sells various fiber-optic networking products worldwide. It offers optical modules, lasers, subassemblies, transmitters and transceivers, and turn-key equipment, as well as headend, node, and distribution equipment. The company sells its products to internet data center operators, cable television and telecom equipment manufacturers, and internet service providers through its direct and indirect sales channels. Applied Optoelectronics, Inc. was incorporated in 1997 and is headquartered in Sugar Land, Texas.Show more

Revenue $249M +14.6%
EBITDA -$50M -140.2%
Net Income -$187M -233.2%
EPS (Diluted) -4.50 -157.1%
Gross Margin 24.78% -8.5%
EBITDA Margin -20.15% -109.7%
Operating Margin -28.44% -49.7%
Net Margin -74.88% -190.8%
ROE -84.12% -199.8%
ROIC -16.54% -61.6%
Debt/Equity 0.83 +47.8%
Interest Coverage -10.39 -136.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 90 (top 10%)

✗Weaknesses

✗Weak Piotroski F-Score: 1/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 30.0% in last year

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.69%

5Y5.49%

3Y5.63%

TTM101.25%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-92.7%

EPS CAGR

10Y-

5Y-

3Y-

TTM-56.31%

ROCE

10Y Avg-5.41%

5Y Avg-16.71%

3Y Avg-18.29%

Latest-21.08%

Peer Comparison

Lasers & LiDAR Systems

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AEVAWAeva Technologies, Inc.	2.64M	0.16	-0.06	110.23%	-10.31%	-470.41%		0.04
AAOIApplied Optoelectronics, Inc.	2.53B	37.00	-8.22	14.57%	-36.97%	-27.88%		0.83
POETPOET Technologies Inc.	1.1B	8.31	-8.84	-91.11%	-66.28%	-76.09%		0.35
IPGPIPG Photonics Corporation	3.37B	80.03	-19.57	-24.1%	2.66%	1.22%	4.43%	0.01
LASRnLIGHT, Inc.	2.23B	43.83	-34.51	-5.42%	-19.13%	-19.92%		0.06

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	189.9M	260.71M	382.33M	267.46M	190.87M	234.62M	211.56M	222.82M	217.65M	249.37M
Revenue Growth %	0.46%	0.37%	0.47%	-0.3%	-0.29%	0.23%	-0.1%	0.05%	-0.02%	0.15%
Cost of Goods Sold+	129.45M	173.76M	216.05M	179.69M	144.67M	184.08M	173.85M	189.19M	158.72M	187.56M
COGS % of Revenue	0.68%	0.67%	0.57%	0.67%	0.76%	0.78%	0.82%	0.85%	0.73%	0.75%
Gross Profit+	60.45M	86.95M	166.28M	87.77M	46.2M	50.54M	37.72M	33.63M	58.92M	61.8M
Gross Margin %	0.32%	0.33%	0.43%	0.33%	0.24%	0.22%	0.18%	0.15%	0.27%	0.25%
Gross Profit Growth %	0.37%	0.44%	0.91%	-0.47%	-0.47%	0.09%	-0.25%	-0.11%	0.75%	0.05%
Operating Expenses+	47M	63.93M	79.33M	98.54M	94.95M	99.38M	94.48M	92.63M	100.27M	132.71M
OpEx % of Revenue	0.25%	0.25%	0.21%	0.37%	0.5%	0.42%	0.45%	0.42%	0.46%	0.53%
Selling, General & Admin	26.15M	32.15M	43.96M	48.64M	51.55M	55.99M	53.26M	56.38M	64.3M	77.75M
SG&A % of Revenue	0.14%	0.12%	0.11%	0.18%	0.27%	0.24%	0.25%	0.25%	0.3%	0.31%
Research & Development	20.85M	31.78M	35.37M	49.9M	43.4M	43.39M	41.22M	36.24M	35.98M	54.95M
R&D % of Revenue	0.11%	0.12%	0.09%	0.19%	0.23%	0.18%	0.19%	0.16%	0.17%	0.22%
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	13.45M	23.02M	86.95M	-10.77M	-48.75M	-48.84M	-56.77M	-59M	-41.35M	-70.91M
Operating Margin %	0.07%	0.09%	0.23%	-0.04%	-0.26%	-0.21%	-0.27%	-0.26%	-0.19%	-0.28%
Operating Income Growth %	1.62%	0.71%	2.78%	-1.12%	-3.53%	-0%	-0.16%	-0.04%	0.3%	-0.71%
EBITDA+	22.87M	37.21M	107.33M	18.93M	-24.73M	-24.11M	-31.39M	-35.8M	-20.92M	-50.26M
EBITDA Margin %	0.12%	0.14%	0.28%	0.07%	-0.13%	-0.1%	-0.15%	-0.16%	-0.1%	-0.2%
EBITDA Growth %	1.02%	0.63%	1.88%	-0.82%	-2.31%	0.03%	-0.3%	-0.14%	0.42%	-1.4%
D&A (Non-Cash Add-back)	9.42M	14.19M	20.38M	29.7M	24.01M	24.73M	25.37M	23.2M	20.43M	20.65M
EBIT	13.45M	23.02M	86.95M	-8.67M	-45.98M	-45.59M	-48.54M	-60.08M	-46.61M	-179.91M
Net Interest Income+	-690K	-1.47M	-637K	-824K	-4.48M	-5.38M	-5.55M	-6.19M	-8.82M	-5.95M
Interest Income	328K	247K	221K	282K	925K	255K	70K	126K	609K	874K
Interest Expense	1.02M	1.72M	858K	1.11M	5.41M	5.63M	5.62M	6.32M	9.43M	6.83M
Other Income/Expense	-2.28M	-2.02M	-2.42M	990K	-2.64M	-2.38M	2.61M	-7.4M	-14.69M	-115.82M
Pretax Income+	11.17M	21M	84.53M	-9.78M	-51.39M	-51.22M	-54.16M	-66.4M	-56.04M	-186.73M
Pretax Margin %	0.06%	0.08%	0.22%	-0.04%	-0.27%	-0.22%	-0.26%	-0.3%	-0.26%	-0.75%
Income Tax+	375K	-10.23M	10.57M	-7.63M	14.66M	7.23M	2K	1K	9K	2K
Effective Tax Rate %	0.97%	1.49%	0.87%	0.22%	1.29%	1.14%	1%	1%	1%	1%
Net Income+	10.79M	31.23M	73.95M	-2.15M	-66.05M	-58.45M	-54.16M	-66.4M	-56.05M	-186.73M
Net Margin %	0.06%	0.12%	0.19%	-0.01%	-0.35%	-0.25%	-0.26%	-0.3%	-0.26%	-0.75%
Net Income Growth %	1.52%	1.89%	1.37%	-1.03%	-29.78%	0.12%	0.07%	-0.23%	0.16%	-2.33%
Net Income (Continuing)	10.79M	31.23M	73.95M	-2.15M	-66.05M	-58.45M	-54.16M	-66.4M	-56.05M	-186.73M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.65	1.76	3.67	-0.11	-3.31	-2.67	-2.01	-2.38	-1.75	-4.50
EPS Growth %	1.32%	1.71%	1.09%	-1.03%	-29.09%	0.19%	0.25%	-0.18%	0.26%	-1.57%
EPS (Basic)	0.69	1.82	3.87	-0.11	-3.31	-2.67	-2.01	-2.38	-1.75	-4.50
Diluted Shares Outstanding	16.53M	17.71M	20.14M	19.65M	19.98M	21.87M	26.91M	27.85M	31.94M	41.54M
Basic Shares Outstanding	15.63M	17.2M	19.1M	19.65M	19.98M	21.87M	26.91M	27.85M	31.94M	41.54M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	153.93M	157.55M	229.7M	194.28M	192.8M	209.17M	194.08M	183.16M	172.6M	301.27M
Cash & Short-Term Investments	40.68M	52M	82.97M	55.65M	59.98M	43.42M	34.66M	24.68M	45.37M	67.43M
Cash Only	28.07M	50.22M	82.94M	55.65M	59.98M	43.42M	34.66M	24.68M	45.37M	67.43M
Short-Term Investments	7.89M	44K	36K	0	0	0	0	0	0	0
Accounts Receivable	38.77M	49.77M	59.85M	30.53M	34.66M	43.44M	56.09M	61.51M	48.29M	116.8M
Days Sales Outstanding	74.53	69.67	57.14	41.67	66.27	67.58	96.77	100.77	80.98	170.96
Inventory	66.24M	51.82M	75.77M	93.26M	85.03M	110.4M	92.52M	79.68M	63.87M	88.14M
Days Inventory Outstanding	186.77	108.85	128	189.43	214.52	218.9	194.24	153.72	146.86	171.51
Other Current Assets	4.72M	5.7M	2.41M	3.55M	12.92M	11.9M	10.81M	17.29M	15.08M	28.9M
Total Non-Current Assets+	119.55M	164.77M	223.29M	272.56M	274.02M	271.64M	260.38M	225.1M	216.58M	245.76M
Property, Plant & Equipment	109.7M	144.1M	197.94M	234.21M	256.33M	260.8M	250.17M	215.78M	205.34M	228.88M
Fixed Asset Turnover	1.73x	1.81x	1.93x	1.14x	0.74x	0.90x	0.85x	1.03x	1.06x	1.09x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	4.75M	4.77M	4.81M	9.79M	9.68M	9.85M	9.69M	8.94M	8.66M	3.68M
Long-Term Investments	0	8K	0	0	0	0	0	0	0	0
Other Non-Current Assets	5.09M	4.47M	7.73M	6.85M	724K	982K	518K	386K	2.58M	13.2M
Total Assets+	273.48M	322.32M	452.98M	466.84M	466.82M	480.81M	454.46M	408.26M	389.19M	547.03M
Asset Turnover	0.69x	0.81x	0.84x	0.57x	0.41x	0.49x	0.47x	0.55x	0.56x	0.46x
Asset Growth %	0.49%	0.18%	0.41%	0.03%	-0%	0.03%	-0.05%	-0.1%	-0.05%	0.41%
Total Current Liabilities+	74.08M	59.97M	70.71M	77.42M	91.36M	103.15M	108.96M	138.58M	93.36M	170.07M
Accounts Payable	28.67M	36.38M	43.62M	29.91M	32.83M	29.48M	34.4M	47.84M	32.89M	104.97M
Days Payables Outstanding	80.83	76.41	73.7	60.75	82.82	58.46	72.23	92.31	75.64	204.27
Short-Term Debt	33.91M	8.17M	559K	28.22M	39.68M	54.13M	57.89M	69.41M	38.97M	41.63M
Deferred Revenue (Current)	1000K	252K	441K	426K	312K	303K	195K	1000K	1000K	0
Other Current Liabilities	1.67M	1.93M	2.04M	2.86M	3.83M	3.66M	4.4M	3.48M	2.38M	4.2M
Current Ratio	2.08x	2.63x	3.25x	2.51x	2.11x	2.03x	1.78x	1.32x	1.85x	1.77x
Quick Ratio	1.18x	1.76x	2.18x	1.30x	1.18x	0.96x	0.93x	0.75x	1.16x	1.25x
Cash Conversion Cycle	180.46	102.11	111.44	170.34	197.97	228.02	218.78	162.18	152.21	138.2
Total Non-Current Liabilities+	34M	34.96M	49M	60.33M	101.68M	99.77M	90.93M	85.01M	80.96M	147.85M
Long-Term Debt	34M	34.96M	48.96M	60.33M	93.59M	91.76M	83.68M	79.51M	76.23M	138.81M
Capital Lease Obligations	0	0	0	0	8.08M	8.01M	7.25M	5.5M	4.73M	9.04M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	0	0	0	0	0
Total Liabilities	108.08M	94.93M	119.71M	137.75M	193.03M	202.91M	199.89M	223.59M	174.32M	317.92M
Total Debt+	67.9M	43.13M	49.56M	88.55M	142.34M	154.92M	149.9M	155.53M	121.07M	190.86M
Net Debt	39.83M	-7.09M	-33.38M	32.9M	82.36M	111.5M	115.24M	130.84M	75.71M	123.43M
Debt / Equity	0.41x	0.19x	0.15x	0.27x	0.52x	0.56x	0.59x	0.84x	0.56x	0.83x
Debt / EBITDA	2.97x	1.16x	0.46x	4.68x	-	-	-	-	-	-
Net Debt / EBITDA	1.74x	-0.19x	-0.31x	1.74x	-	-	-	-	-	-
Interest Coverage	13.21x	13.41x	101.34x	-9.74x	-9.02x	-8.67x	-10.10x	-9.34x	-4.39x	-10.39x
Total Equity+	165.4M	227.38M	333.28M	329.09M	273.79M	277.89M	254.57M	184.67M	214.87M	229.11M
Equity Growth %	0.44%	0.37%	0.47%	-0.01%	-0.17%	0.01%	-0.08%	-0.27%	0.16%	0.07%
Book Value per Share	10.00	12.84	16.55	16.75	13.70	12.71	9.46	6.63	6.73	5.52
Total Shareholders' Equity	165.4M	227.38M	333.28M	329.09M	273.79M	277.89M	254.57M	184.67M	214.87M	229.11M
Common Stock	17K	18K	19K	20K	20K	25K	27K	29K	38K	49K
Retained Earnings	-68.25M	-37.01M	38.14M	35.99M	-30.06M	-88.51M	-142.67M	-209.07M	-265.12M	-451.85M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	292K	-885K	9.74M	602K	430K	11.69M	16.07M	2.18M	975K	-2.55M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-15.21M	57.1M	84.28M	14.03M	-1.75M	-44.01M	-11.64M	-14.02M	-7.93M	-69.53M
Operating CF Margin %	-0.08%	0.22%	0.22%	0.05%	-0.01%	-0.19%	-0.06%	-0.06%	-0.04%	-0.28%
Operating CF Growth %	-3.1%	4.75%	0.48%	-0.83%	-1.13%	-24.09%	0.74%	-0.2%	0.43%	-7.77%
Net Income	10.79M	31.23M	73.95M	-2.15M	-66.05M	-58.45M	-54.16M	-66.4M	-56.05M	-186.73M
Depreciation & Amortization	9.42M	14.19M	20.38M	29.7M	24.01M	24.73M	25.37M	23.2M	20.43M	20.65M
Stock-Based Compensation	2.12M	3.83M	7.79M	11.12M	11.8M	13.05M	12.12M	9.6M	11.88M	14.79M
Deferred Taxes	0	-11.43M	-114K	-8.96M	14.57M	7.35M	0	0	0	0
Other Non-Cash Items	5.37M	2.9M	2.37M	6.67M	7.43M	3.73M	-931K	7.67M	9.75M	117.64M
Working Capital Changes	-42.92M	16.38M	-20.1M	-22.35M	6.47M	-34.41M	5.96M	11.9M	6.06M	-35.88M
Change in Receivables	-6.55M	-11.15M	-10.08M	29.32M	-4.36M	-8.81M	-14.61M	-4.99M	13.21M	-68.51M
Change in Inventory	-37.5M	10.21M	-21.88M	-28.4M	1.56M	-23.67M	15.79M	1.15M	6.79M	-29.41M
Change in Payables	-1.26M	9.11M	7.25M	-13.71M	3.15M	-3.35M	7.07M	12.97M	-14.95M	72.08M
Cash from Investing+	-61.62M	-41.54M	-70.16M	-76.51M	-32.12M	-19.35M	-10.55M	-3.83M	-14.76M	-50.7M
Capital Expenditures	-57.08M	-49.44M	-66.97M	-71.85M	-28.79M	-15.79M	-7.98M	-3.21M	-9.08M	-43.41M
CapEx % of Revenue	0.3%	0.19%	0.18%	0.27%	0.15%	0.07%	0.04%	0.01%	0.04%	0.17%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-4.37M	155K	-3.2M	-4.7M	-3.33M	-3.55M	-2.56M	-624K	-5.68M	-7.29M
Cash from Financing+	73.11M	4.64M	18.24M	34.8M	42.6M	47.44M	14.09M	10.75M	40.58M	142.18M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	458K	859K	-9.26M	-4.02M	-897K	-1.07M	-953K	-454K	-934K	-7.13M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-72.77M	7.12M	13.95M	-63.22M	-33.87M	-63.57M	-22.3M	-18.26M	-17.6M	-112.93M
FCF Margin %	-0.38%	0.03%	0.04%	-0.24%	-0.18%	-0.27%	-0.11%	-0.08%	-0.08%	-0.45%
FCF Growth %	-0.95%	1.1%	0.96%	-5.53%	0.46%	-0.88%	0.65%	0.18%	0.04%	-5.42%
FCF per Share	-4.40	0.40	0.69	-3.22	-1.70	-2.91	-0.83	-0.66	-0.55	-2.72
FCF Conversion (FCF/Net Income)	-1.41x	1.83x	1.14x	-6.54x	0.03x	0.75x	0.21x	0.21x	0.14x	0.37x
Interest Paid	1.07M	0	872K	848K	0	0	4.9M	0	8.1M	0
Taxes Paid	650K	0	5.83M	8.47M	0	0	1K	0	9K	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	7.7%	15.9%	26.38%	-0.65%	-21.91%	-21.19%	-20.34%	-30.23%	-28.06%	-84.12%
Return on Invested Capital (ROIC)	6.34%	8.11%	25.07%	-2.44%	-10.18%	-9.83%	-11.22%	-12.91%	-10.23%	-16.54%
Gross Margin	31.83%	33.35%	43.49%	32.82%	24.21%	21.54%	17.83%	15.09%	27.07%	24.78%
Net Margin	5.68%	11.98%	19.34%	-0.8%	-34.6%	-24.91%	-25.6%	-29.8%	-25.75%	-74.88%
Debt / Equity	0.41x	0.19x	0.15x	0.27x	0.52x	0.56x	0.59x	0.84x	0.56x	0.83x
Interest Coverage	13.21x	13.41x	101.34x	-9.74x	-9.02x	-8.67x	-10.10x	-9.34x	-4.39x	-10.39x
FCF Conversion	-1.41x	1.83x	1.14x	-6.54x	0.03x	0.75x	0.21x	0.21x	0.14x	0.37x
Revenue Growth	45.58%	37.29%	46.65%	-30.04%	-28.64%	22.92%	-9.83%	5.32%	-2.32%	14.57%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Data Center	-	-	-	200.24M	143.56M	173.44M	97.46M	77.09M	141.21M	148.53M
Data Center Growth	-	-	-	-	-28.30%	20.81%	-43.81%	-20.90%	83.17%	5.18%
CATV	-	-	-	-	37.33M	37.94M	94.27M	118.17M	59.94M	87.71M
CATV Growth	-	-	-	-	-	1.65%	148.43%	25.36%	-49.27%	46.33%
Telecom	-	-	-	13.16M	8.43M	21.09M	16.25M	24.73M	13.83M	10.98M
Telecom Growth	-	-	-	-	-35.94%	150.23%	-22.97%	52.19%	-44.07%	-20.61%
Product and Service, Other	-	-	-	-	1.36M	2.04M	2.63M	2.7M	2.6M	2.14M
Product and Service, Other Growth	-	-	-	-	-	49.78%	29.12%	2.47%	-3.52%	-17.67%
FTTH	-	-	-	-	190K	110K	957K	129K	56K	3K
FTTH Growth	-	-	-	-	-	-42.11%	770.00%	-86.52%	-56.59%	-94.64%
Cable Tv Broadband	-	-	-	51.7M	-	-	-	-	-	-
Cable Tv Broadband Growth	-	-	-	-	-	-	-	-	-	-
Product And Service Other	-	-	-	1.55M	-	-	-	-	-	-
Product And Service Other Growth	-	-	-	-	-	-	-	-	-	-
Fiber To Home	-	-	-	818K	-	-	-	-	-	-
Fiber To Home Growth	-	-	-	-	-	-	-	-	-	-
Internet Data Center	-	201.3M	306.7M	-	-	-	-	-	-	-
Internet Data Center Growth	-	-	52.36%	-	-	-	-	-	-	-
Cable Television	-	43.6M	60.8M	-	-	-	-	-	-	-
Cable Television Growth	-	-	39.45%	-	-	-	-	-	-	-
Telecom Market	-	12.9M	12.9M	-	-	-	-	-	-	-
Telecom Market Growth	-	-	0.00%	-	-	-	-	-	-	-
Fiber To The Home	-	1.6M	500K	-	-	-	-	-	-	-
Fiber To The Home Growth	-	-	-68.75%	-	-	-	-	-	-	-
Internet data center	123.2M	-	-	-	-	-	-	-	-	-
Internet data center Growth	-	-	-	-	-	-	-	-	-	-
CATV markets	53.7M	-	-	-	-	-	-	-	-	-
CATV markets Growth	-	-	-	-	-	-	-	-	-	-
Other markets	10.5M	-	-	-	-	-	-	-	-	-
Other markets Growth	-	-	-	-	-	-	-	-	-	-
FTTH markets	2.5M	-	-	-	-	-	-	-	-	-
FTTH markets Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
TAIWAN	-	-	-	-	-	-	-	164.14M	143.53M	126.64M
TAIWAN Growth	-	-	-	-	-	-	-	-	-12.56%	-11.77%
CHINA	-	-	-	-	83.3M	85.17M	97.73M	51.25M	43.32M	111.81M
CHINA Growth	-	-	-	-	-	2.24%	14.75%	-47.56%	-15.47%	158.09%
UNITED STATES	-	-	-	-	9.79M	18.38M	14.63M	7.42M	30.8M	10.92M
UNITED STATES Growth	-	-	-	-	-	87.65%	-20.39%	-49.27%	314.90%	-64.54%
TAIWAN, PROVINCE OF CHINA	115.27M	-	-	-	97.78M	131.08M	99.2M	-	-	-
TAIWAN, PROVINCE OF CHINA Growth	-	-	-	-	-	34.06%	-24.32%	-	-	-
C	-	81.07M	122.3M	143.12M	-	-	-	-	-	-
C Growth	-	-	50.86%	17.03%	-	-	-	-	-	-
T	-	161.61M	241.82M	113.55M	-	-	-	-	-	-
T Growth	-	-	49.63%	-53.04%	-	-	-	-	-	-
U	-	18.04M	18.21M	10.79M	-	-	-	-	-	-
U Growth	-	-	0.96%	-40.72%	-	-	-	-	-	-
United States	54M	-	-	-	-	-	-	-	-	-
United States Growth	-	-	-	-	-	-	-	-	-	-
China	20.64M	-	-	-	-	-	-	-	-	-
China Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Applied Optoelectronics, Inc. (AAOI) reported $421.7M in revenue for fiscal year 2024. This represents a 782% increase from $47.8M in 2011.

Applied Optoelectronics, Inc. (AAOI) grew revenue by 14.6% over the past year. This is steady growth.

Applied Optoelectronics, Inc. (AAOI) reported a net loss of $155.9M for fiscal year 2024.

Dividend & Returns

Applied Optoelectronics, Inc. (AAOI) has a return on equity (ROE) of -84.1%. Negative ROE indicates the company is unprofitable.

Applied Optoelectronics, Inc. (AAOI) had negative free cash flow of $302.3M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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Applied Optoelectronics, Inc. (AAOI) 10-Year Financial Performance & Capital Metrics

AAOI • • Industrial / General

TechnologySemiconductorsOptoelectronics & PhotonicsLasers & LiDAR Systems

Revenue $249M +14.6%
EBITDA -$50M -140.2%
Net Income -$187M -233.2%
EPS (Diluted) -4.50 -157.1%
Gross Margin 24.78% -8.5%
EBITDA Margin -20.15% -109.7%
Operating Margin -28.44% -49.7%
Net Margin -74.88% -190.8%
ROE -84.12% -199.8%
ROIC -16.54% -61.6%
Debt/Equity 0.83 +47.8%
Interest Coverage -10.39 -136.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 90 (top 10%)

✗Weaknesses

✗Weak Piotroski F-Score: 1/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 30.0% in last year

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y6.69%

5Y5.49%

3Y5.63%

TTM101.25%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-92.7%

EPS CAGR

10Y-

5Y-

3Y-

TTM-56.31%

ROCE

10Y Avg-5.41%

5Y Avg-16.71%

3Y Avg-18.29%

Latest-21.08%

Peer Comparison

Lasers & LiDAR Systems

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AEVAWAeva Technologies, Inc.	2.64M	0.16	-0.06	110.23%	-10.31%	-470.41%		0.04
AAOIApplied Optoelectronics, Inc.	2.53B	37.00	-8.22	14.57%	-36.97%	-27.88%		0.83
POETPOET Technologies Inc.	1.1B	8.31	-8.84	-91.11%	-66.28%	-76.09%		0.35
IPGPIPG Photonics Corporation	3.37B	80.03	-19.57	-24.1%	2.66%	1.22%	4.43%	0.01
LASRnLIGHT, Inc.	2.23B	43.83	-34.51	-5.42%	-19.13%	-19.92%		0.06

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	189.9M	260.71M	382.33M	267.46M	190.87M	234.62M	211.56M	222.82M	217.65M	249.37M
Revenue Growth %	0.46%	0.37%	0.47%	-0.3%	-0.29%	0.23%	-0.1%	0.05%	-0.02%	0.15%
Cost of Goods Sold+	129.45M	173.76M	216.05M	179.69M	144.67M	184.08M	173.85M	189.19M	158.72M	187.56M
COGS % of Revenue	0.68%	0.67%	0.57%	0.67%	0.76%	0.78%	0.82%	0.85%	0.73%	0.75%
Gross Profit+	60.45M	86.95M	166.28M	87.77M	46.2M	50.54M	37.72M	33.63M	58.92M	61.8M
Gross Margin %	0.32%	0.33%	0.43%	0.33%	0.24%	0.22%	0.18%	0.15%	0.27%	0.25%
Gross Profit Growth %	0.37%	0.44%	0.91%	-0.47%	-0.47%	0.09%	-0.25%	-0.11%	0.75%	0.05%
Operating Expenses+	47M	63.93M	79.33M	98.54M	94.95M	99.38M	94.48M	92.63M	100.27M	132.71M
OpEx % of Revenue	0.25%	0.25%	0.21%	0.37%	0.5%	0.42%	0.45%	0.42%	0.46%	0.53%
Selling, General & Admin	26.15M	32.15M	43.96M	48.64M	51.55M	55.99M	53.26M	56.38M	64.3M	77.75M
SG&A % of Revenue	0.14%	0.12%	0.11%	0.18%	0.27%	0.24%	0.25%	0.25%	0.3%	0.31%
Research & Development	20.85M	31.78M	35.37M	49.9M	43.4M	43.39M	41.22M	36.24M	35.98M	54.95M
R&D % of Revenue	0.11%	0.12%	0.09%	0.19%	0.23%	0.18%	0.19%	0.16%	0.17%	0.22%
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	13.45M	23.02M	86.95M	-10.77M	-48.75M	-48.84M	-56.77M	-59M	-41.35M	-70.91M
Operating Margin %	0.07%	0.09%	0.23%	-0.04%	-0.26%	-0.21%	-0.27%	-0.26%	-0.19%	-0.28%
Operating Income Growth %	1.62%	0.71%	2.78%	-1.12%	-3.53%	-0%	-0.16%	-0.04%	0.3%	-0.71%
EBITDA+	22.87M	37.21M	107.33M	18.93M	-24.73M	-24.11M	-31.39M	-35.8M	-20.92M	-50.26M
EBITDA Margin %	0.12%	0.14%	0.28%	0.07%	-0.13%	-0.1%	-0.15%	-0.16%	-0.1%	-0.2%
EBITDA Growth %	1.02%	0.63%	1.88%	-0.82%	-2.31%	0.03%	-0.3%	-0.14%	0.42%	-1.4%
D&A (Non-Cash Add-back)	9.42M	14.19M	20.38M	29.7M	24.01M	24.73M	25.37M	23.2M	20.43M	20.65M
EBIT	13.45M	23.02M	86.95M	-8.67M	-45.98M	-45.59M	-48.54M	-60.08M	-46.61M	-179.91M
Net Interest Income+	-690K	-1.47M	-637K	-824K	-4.48M	-5.38M	-5.55M	-6.19M	-8.82M	-5.95M
Interest Income	328K	247K	221K	282K	925K	255K	70K	126K	609K	874K
Interest Expense	1.02M	1.72M	858K	1.11M	5.41M	5.63M	5.62M	6.32M	9.43M	6.83M
Other Income/Expense	-2.28M	-2.02M	-2.42M	990K	-2.64M	-2.38M	2.61M	-7.4M	-14.69M	-115.82M
Pretax Income+	11.17M	21M	84.53M	-9.78M	-51.39M	-51.22M	-54.16M	-66.4M	-56.04M	-186.73M
Pretax Margin %	0.06%	0.08%	0.22%	-0.04%	-0.27%	-0.22%	-0.26%	-0.3%	-0.26%	-0.75%
Income Tax+	375K	-10.23M	10.57M	-7.63M	14.66M	7.23M	2K	1K	9K	2K
Effective Tax Rate %	0.97%	1.49%	0.87%	0.22%	1.29%	1.14%	1%	1%	1%	1%
Net Income+	10.79M	31.23M	73.95M	-2.15M	-66.05M	-58.45M	-54.16M	-66.4M	-56.05M	-186.73M
Net Margin %	0.06%	0.12%	0.19%	-0.01%	-0.35%	-0.25%	-0.26%	-0.3%	-0.26%	-0.75%
Net Income Growth %	1.52%	1.89%	1.37%	-1.03%	-29.78%	0.12%	0.07%	-0.23%	0.16%	-2.33%
Net Income (Continuing)	10.79M	31.23M	73.95M	-2.15M	-66.05M	-58.45M	-54.16M	-66.4M	-56.05M	-186.73M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.65	1.76	3.67	-0.11	-3.31	-2.67	-2.01	-2.38	-1.75	-4.50
EPS Growth %	1.32%	1.71%	1.09%	-1.03%	-29.09%	0.19%	0.25%	-0.18%	0.26%	-1.57%
EPS (Basic)	0.69	1.82	3.87	-0.11	-3.31	-2.67	-2.01	-2.38	-1.75	-4.50
Diluted Shares Outstanding	16.53M	17.71M	20.14M	19.65M	19.98M	21.87M	26.91M	27.85M	31.94M	41.54M
Basic Shares Outstanding	15.63M	17.2M	19.1M	19.65M	19.98M	21.87M	26.91M	27.85M	31.94M	41.54M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	153.93M	157.55M	229.7M	194.28M	192.8M	209.17M	194.08M	183.16M	172.6M	301.27M
Cash & Short-Term Investments	40.68M	52M	82.97M	55.65M	59.98M	43.42M	34.66M	24.68M	45.37M	67.43M
Cash Only	28.07M	50.22M	82.94M	55.65M	59.98M	43.42M	34.66M	24.68M	45.37M	67.43M
Short-Term Investments	7.89M	44K	36K	0	0	0	0	0	0	0
Accounts Receivable	38.77M	49.77M	59.85M	30.53M	34.66M	43.44M	56.09M	61.51M	48.29M	116.8M
Days Sales Outstanding	74.53	69.67	57.14	41.67	66.27	67.58	96.77	100.77	80.98	170.96
Inventory	66.24M	51.82M	75.77M	93.26M	85.03M	110.4M	92.52M	79.68M	63.87M	88.14M
Days Inventory Outstanding	186.77	108.85	128	189.43	214.52	218.9	194.24	153.72	146.86	171.51
Other Current Assets	4.72M	5.7M	2.41M	3.55M	12.92M	11.9M	10.81M	17.29M	15.08M	28.9M
Total Non-Current Assets+	119.55M	164.77M	223.29M	272.56M	274.02M	271.64M	260.38M	225.1M	216.58M	245.76M
Property, Plant & Equipment	109.7M	144.1M	197.94M	234.21M	256.33M	260.8M	250.17M	215.78M	205.34M	228.88M
Fixed Asset Turnover	1.73x	1.81x	1.93x	1.14x	0.74x	0.90x	0.85x	1.03x	1.06x	1.09x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	4.75M	4.77M	4.81M	9.79M	9.68M	9.85M	9.69M	8.94M	8.66M	3.68M
Long-Term Investments	0	8K	0	0	0	0	0	0	0	0
Other Non-Current Assets	5.09M	4.47M	7.73M	6.85M	724K	982K	518K	386K	2.58M	13.2M
Total Assets+	273.48M	322.32M	452.98M	466.84M	466.82M	480.81M	454.46M	408.26M	389.19M	547.03M
Asset Turnover	0.69x	0.81x	0.84x	0.57x	0.41x	0.49x	0.47x	0.55x	0.56x	0.46x
Asset Growth %	0.49%	0.18%	0.41%	0.03%	-0%	0.03%	-0.05%	-0.1%	-0.05%	0.41%
Total Current Liabilities+	74.08M	59.97M	70.71M	77.42M	91.36M	103.15M	108.96M	138.58M	93.36M	170.07M
Accounts Payable	28.67M	36.38M	43.62M	29.91M	32.83M	29.48M	34.4M	47.84M	32.89M	104.97M
Days Payables Outstanding	80.83	76.41	73.7	60.75	82.82	58.46	72.23	92.31	75.64	204.27
Short-Term Debt	33.91M	8.17M	559K	28.22M	39.68M	54.13M	57.89M	69.41M	38.97M	41.63M
Deferred Revenue (Current)	1000K	252K	441K	426K	312K	303K	195K	1000K	1000K	0
Other Current Liabilities	1.67M	1.93M	2.04M	2.86M	3.83M	3.66M	4.4M	3.48M	2.38M	4.2M
Current Ratio	2.08x	2.63x	3.25x	2.51x	2.11x	2.03x	1.78x	1.32x	1.85x	1.77x
Quick Ratio	1.18x	1.76x	2.18x	1.30x	1.18x	0.96x	0.93x	0.75x	1.16x	1.25x
Cash Conversion Cycle	180.46	102.11	111.44	170.34	197.97	228.02	218.78	162.18	152.21	138.2
Total Non-Current Liabilities+	34M	34.96M	49M	60.33M	101.68M	99.77M	90.93M	85.01M	80.96M	147.85M
Long-Term Debt	34M	34.96M	48.96M	60.33M	93.59M	91.76M	83.68M	79.51M	76.23M	138.81M
Capital Lease Obligations	0	0	0	0	8.08M	8.01M	7.25M	5.5M	4.73M	9.04M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	0	0	0	0	0
Total Liabilities	108.08M	94.93M	119.71M	137.75M	193.03M	202.91M	199.89M	223.59M	174.32M	317.92M
Total Debt+	67.9M	43.13M	49.56M	88.55M	142.34M	154.92M	149.9M	155.53M	121.07M	190.86M
Net Debt	39.83M	-7.09M	-33.38M	32.9M	82.36M	111.5M	115.24M	130.84M	75.71M	123.43M
Debt / Equity	0.41x	0.19x	0.15x	0.27x	0.52x	0.56x	0.59x	0.84x	0.56x	0.83x
Debt / EBITDA	2.97x	1.16x	0.46x	4.68x	-	-	-	-	-	-
Net Debt / EBITDA	1.74x	-0.19x	-0.31x	1.74x	-	-	-	-	-	-
Interest Coverage	13.21x	13.41x	101.34x	-9.74x	-9.02x	-8.67x	-10.10x	-9.34x	-4.39x	-10.39x
Total Equity+	165.4M	227.38M	333.28M	329.09M	273.79M	277.89M	254.57M	184.67M	214.87M	229.11M
Equity Growth %	0.44%	0.37%	0.47%	-0.01%	-0.17%	0.01%	-0.08%	-0.27%	0.16%	0.07%
Book Value per Share	10.00	12.84	16.55	16.75	13.70	12.71	9.46	6.63	6.73	5.52
Total Shareholders' Equity	165.4M	227.38M	333.28M	329.09M	273.79M	277.89M	254.57M	184.67M	214.87M	229.11M
Common Stock	17K	18K	19K	20K	20K	25K	27K	29K	38K	49K
Retained Earnings	-68.25M	-37.01M	38.14M	35.99M	-30.06M	-88.51M	-142.67M	-209.07M	-265.12M	-451.85M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	292K	-885K	9.74M	602K	430K	11.69M	16.07M	2.18M	975K	-2.55M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-15.21M	57.1M	84.28M	14.03M	-1.75M	-44.01M	-11.64M	-14.02M	-7.93M	-69.53M
Operating CF Margin %	-0.08%	0.22%	0.22%	0.05%	-0.01%	-0.19%	-0.06%	-0.06%	-0.04%	-0.28%
Operating CF Growth %	-3.1%	4.75%	0.48%	-0.83%	-1.13%	-24.09%	0.74%	-0.2%	0.43%	-7.77%
Net Income	10.79M	31.23M	73.95M	-2.15M	-66.05M	-58.45M	-54.16M	-66.4M	-56.05M	-186.73M
Depreciation & Amortization	9.42M	14.19M	20.38M	29.7M	24.01M	24.73M	25.37M	23.2M	20.43M	20.65M
Stock-Based Compensation	2.12M	3.83M	7.79M	11.12M	11.8M	13.05M	12.12M	9.6M	11.88M	14.79M
Deferred Taxes	0	-11.43M	-114K	-8.96M	14.57M	7.35M	0	0	0	0
Other Non-Cash Items	5.37M	2.9M	2.37M	6.67M	7.43M	3.73M	-931K	7.67M	9.75M	117.64M
Working Capital Changes	-42.92M	16.38M	-20.1M	-22.35M	6.47M	-34.41M	5.96M	11.9M	6.06M	-35.88M
Change in Receivables	-6.55M	-11.15M	-10.08M	29.32M	-4.36M	-8.81M	-14.61M	-4.99M	13.21M	-68.51M
Change in Inventory	-37.5M	10.21M	-21.88M	-28.4M	1.56M	-23.67M	15.79M	1.15M	6.79M	-29.41M
Change in Payables	-1.26M	9.11M	7.25M	-13.71M	3.15M	-3.35M	7.07M	12.97M	-14.95M	72.08M
Cash from Investing+	-61.62M	-41.54M	-70.16M	-76.51M	-32.12M	-19.35M	-10.55M	-3.83M	-14.76M	-50.7M
Capital Expenditures	-57.08M	-49.44M	-66.97M	-71.85M	-28.79M	-15.79M	-7.98M	-3.21M	-9.08M	-43.41M
CapEx % of Revenue	0.3%	0.19%	0.18%	0.27%	0.15%	0.07%	0.04%	0.01%	0.04%	0.17%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-4.37M	155K	-3.2M	-4.7M	-3.33M	-3.55M	-2.56M	-624K	-5.68M	-7.29M
Cash from Financing+	73.11M	4.64M	18.24M	34.8M	42.6M	47.44M	14.09M	10.75M	40.58M	142.18M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	458K	859K	-9.26M	-4.02M	-897K	-1.07M	-953K	-454K	-934K	-7.13M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-72.77M	7.12M	13.95M	-63.22M	-33.87M	-63.57M	-22.3M	-18.26M	-17.6M	-112.93M
FCF Margin %	-0.38%	0.03%	0.04%	-0.24%	-0.18%	-0.27%	-0.11%	-0.08%	-0.08%	-0.45%
FCF Growth %	-0.95%	1.1%	0.96%	-5.53%	0.46%	-0.88%	0.65%	0.18%	0.04%	-5.42%
FCF per Share	-4.40	0.40	0.69	-3.22	-1.70	-2.91	-0.83	-0.66	-0.55	-2.72
FCF Conversion (FCF/Net Income)	-1.41x	1.83x	1.14x	-6.54x	0.03x	0.75x	0.21x	0.21x	0.14x	0.37x
Interest Paid	1.07M	0	872K	848K	0	0	4.9M	0	8.1M	0
Taxes Paid	650K	0	5.83M	8.47M	0	0	1K	0	9K	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	7.7%	15.9%	26.38%	-0.65%	-21.91%	-21.19%	-20.34%	-30.23%	-28.06%	-84.12%
Return on Invested Capital (ROIC)	6.34%	8.11%	25.07%	-2.44%	-10.18%	-9.83%	-11.22%	-12.91%	-10.23%	-16.54%
Gross Margin	31.83%	33.35%	43.49%	32.82%	24.21%	21.54%	17.83%	15.09%	27.07%	24.78%
Net Margin	5.68%	11.98%	19.34%	-0.8%	-34.6%	-24.91%	-25.6%	-29.8%	-25.75%	-74.88%
Debt / Equity	0.41x	0.19x	0.15x	0.27x	0.52x	0.56x	0.59x	0.84x	0.56x	0.83x
Interest Coverage	13.21x	13.41x	101.34x	-9.74x	-9.02x	-8.67x	-10.10x	-9.34x	-4.39x	-10.39x
FCF Conversion	-1.41x	1.83x	1.14x	-6.54x	0.03x	0.75x	0.21x	0.21x	0.14x	0.37x
Revenue Growth	45.58%	37.29%	46.65%	-30.04%	-28.64%	22.92%	-9.83%	5.32%	-2.32%	14.57%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Data Center	-	-	-	200.24M	143.56M	173.44M	97.46M	77.09M	141.21M	148.53M
Data Center Growth	-	-	-	-	-28.30%	20.81%	-43.81%	-20.90%	83.17%	5.18%
CATV	-	-	-	-	37.33M	37.94M	94.27M	118.17M	59.94M	87.71M
CATV Growth	-	-	-	-	-	1.65%	148.43%	25.36%	-49.27%	46.33%
Telecom	-	-	-	13.16M	8.43M	21.09M	16.25M	24.73M	13.83M	10.98M
Telecom Growth	-	-	-	-	-35.94%	150.23%	-22.97%	52.19%	-44.07%	-20.61%
Product and Service, Other	-	-	-	-	1.36M	2.04M	2.63M	2.7M	2.6M	2.14M
Product and Service, Other Growth	-	-	-	-	-	49.78%	29.12%	2.47%	-3.52%	-17.67%
FTTH	-	-	-	-	190K	110K	957K	129K	56K	3K
FTTH Growth	-	-	-	-	-	-42.11%	770.00%	-86.52%	-56.59%	-94.64%
Cable Tv Broadband	-	-	-	51.7M	-	-	-	-	-	-
Cable Tv Broadband Growth	-	-	-	-	-	-	-	-	-	-
Product And Service Other	-	-	-	1.55M	-	-	-	-	-	-
Product And Service Other Growth	-	-	-	-	-	-	-	-	-	-
Fiber To Home	-	-	-	818K	-	-	-	-	-	-
Fiber To Home Growth	-	-	-	-	-	-	-	-	-	-
Internet Data Center	-	201.3M	306.7M	-	-	-	-	-	-	-
Internet Data Center Growth	-	-	52.36%	-	-	-	-	-	-	-
Cable Television	-	43.6M	60.8M	-	-	-	-	-	-	-
Cable Television Growth	-	-	39.45%	-	-	-	-	-	-	-
Telecom Market	-	12.9M	12.9M	-	-	-	-	-	-	-
Telecom Market Growth	-	-	0.00%	-	-	-	-	-	-	-
Fiber To The Home	-	1.6M	500K	-	-	-	-	-	-	-
Fiber To The Home Growth	-	-	-68.75%	-	-	-	-	-	-	-
Internet data center	123.2M	-	-	-	-	-	-	-	-	-
Internet data center Growth	-	-	-	-	-	-	-	-	-	-
CATV markets	53.7M	-	-	-	-	-	-	-	-	-
CATV markets Growth	-	-	-	-	-	-	-	-	-	-
Other markets	10.5M	-	-	-	-	-	-	-	-	-
Other markets Growth	-	-	-	-	-	-	-	-	-	-
FTTH markets	2.5M	-	-	-	-	-	-	-	-	-
FTTH markets Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
TAIWAN	-	-	-	-	-	-	-	164.14M	143.53M	126.64M
TAIWAN Growth	-	-	-	-	-	-	-	-	-12.56%	-11.77%
CHINA	-	-	-	-	83.3M	85.17M	97.73M	51.25M	43.32M	111.81M
CHINA Growth	-	-	-	-	-	2.24%	14.75%	-47.56%	-15.47%	158.09%
UNITED STATES	-	-	-	-	9.79M	18.38M	14.63M	7.42M	30.8M	10.92M
UNITED STATES Growth	-	-	-	-	-	87.65%	-20.39%	-49.27%	314.90%	-64.54%
TAIWAN, PROVINCE OF CHINA	115.27M	-	-	-	97.78M	131.08M	99.2M	-	-	-
TAIWAN, PROVINCE OF CHINA Growth	-	-	-	-	-	34.06%	-24.32%	-	-	-
C	-	81.07M	122.3M	143.12M	-	-	-	-	-	-
C Growth	-	-	50.86%	17.03%	-	-	-	-	-	-
T	-	161.61M	241.82M	113.55M	-	-	-	-	-	-
T Growth	-	-	49.63%	-53.04%	-	-	-	-	-	-
U	-	18.04M	18.21M	10.79M	-	-	-	-	-	-
U Growth	-	-	0.96%	-40.72%	-	-	-	-	-	-
United States	54M	-	-	-	-	-	-	-	-	-
United States Growth	-	-	-	-	-	-	-	-	-	-
China	20.64M	-	-	-	-	-	-	-	-	-
China Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Applied Optoelectronics, Inc. (AAOI) reported $421.7M in revenue for fiscal year 2024. This represents a 782% increase from $47.8M in 2011.

Applied Optoelectronics, Inc. (AAOI) grew revenue by 14.6% over the past year. This is steady growth.

Applied Optoelectronics, Inc. (AAOI) reported a net loss of $155.9M for fiscal year 2024.

Dividend & Returns

Applied Optoelectronics, Inc. (AAOI) has a return on equity (ROE) of -84.1%. Negative ROE indicates the company is unprofitable.

Applied Optoelectronics, Inc. (AAOI) had negative free cash flow of $302.3M in fiscal year 2024, likely due to heavy capital investments.