Applied Optoelectronics (AAOI) came out with a quarterly loss of $0.21 per share versus the Zacks Consensus Estimate of a loss of $0.17. This compares to loss of $0.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -23.53%. A quarter ago, it was expected that this maker of fiber optic products used by cable TV providers would post a loss of $0.29 per share when it actually produced a loss of $0.28, delivering a surprise of 3. ...

Table of Contents Title of each class Trading Symbol(s) Trading Name of each exchange on which registered UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: ...

Revenue and Growth - Q3 2024 GAAP revenue was $65.2 million, up from $43.3 million in Q2 2024 and $62.5 million in Q3 2023[4] - Total revenue for Q3 2024 was $65.151 million, compared to $62.547 million in Q3 2023, representing a 4.2% increase[17] - GAAP revenue for Q3 2024 was $65.151 million, compared to $62.547 million in Q3 2023[19] - Q4 2024 revenue guidance is between $94 million and $104 million[7] Gross Margin and Profitability - Q3 2024 GAAP gross margin was 24.4%, compared to 22.1% in Q2 2024 and 32.3% in Q3 2023[4] - Non-GAAP total gross profit for Q3 2024 was $16.264 million, compared to $20.327 million in Q3 2023[19] - Q4 2024 non-GAAP gross margin is expected to be between 27.5% and 29.5%[7] Net Loss and Earnings - Q3 2024 GAAP net loss was $17.8 million, or $0.42 per basic share, compared to a net loss of $26.1 million in Q2 2024 and $9.0 million in Q3 2023[5] - Q3 2024 non-GAAP net loss was $8.8 million, or $0.21 per basic share, compared to a non-GAAP net loss of $10.9 million in Q2 2024 and $1.7 million in Q3 2023[5] - Net loss for Q3 2024 was $17.757 million, compared to a net loss of $8.953 million in Q3 2023[17] - GAAP net loss for Q3 2024 was $(17.757) million, compared to $(8.953) million in Q3 2023[19] - Non-GAAP net loss for Q3 2024 was $(8.782) million, compared to $(1.691) million in Q3 2023[19] - Q4 2024 non-GAAP net income is projected to range from a loss of $1.9 million to income of $1.7 million[7] - GAAP diluted net loss per share for Q3 2024 was $(0.42), compared to $(0.27) in Q3 2023[19] - Non-GAAP diluted net loss per share for Q3 2024 was $(0.21), compared to $(0.05) in Q3 2023[19] Business Segment Performance - Data center business saw double-digit sequential growth driven by new wins for 400G products[3] - CATV business more than tripled from Q2 2024 due to customer transition to new architectures[3] - Datacenter revenue for Q3 2024 was $40.945 million, a decrease of 16.1% compared to $48.807 million in Q3 2023[17] - CATV revenue for Q3 2024 was $20.947 million, a significant increase of 104.1% compared to $10.268 million in Q3 2023[17] Research and Development - Accelerated R&D spending in Q3 2024 was driven by new customer requests, particularly for 1.6 Terabit transceivers in the data center business[3] - Research and development expenses for Q3 2024 were $13.428 million, a 42.0% increase compared to $9.457 million in Q3 2023[17] Operating Expenses - Total operating expenses for Q3 2024 were $32.464 million, a 20.8% increase compared to $26.860 million in Q3 2023[17] - Share-based compensation expense for Q3 2024 was $2.943 million, compared to $3.235 million in Q3 2023[19] - Expenses associated with discontinued products for Q3 2024 were $202 thousand, compared to $29 thousand in Q3 2023[19] Financial Position and Assets - Total assets as of September 30, 2024, were $409.972 million, up from $389.186 million as of December 31, 2023, representing a 5.3% increase[15] - Accounts receivable increased by 56.3% to $75.154 million as of September 30, 2024, compared to $48.071 million as of December 31, 2023[15] - Cash, cash equivalents, and restricted cash decreased by 24.9% to $41.367 million as of September 30, 2024, from $55.097 million as of December 31, 2023[15] - Total current liabilities increased by 25.4% to $117.102 million as of September 30, 2024, compared to $93.358 million as of December 31, 2023[15] Adjusted EBITDA and Other Metrics - Adjusted EBITDA for Q3 2024 was $(7.685) million, compared to $2.980 million in Q3 2023[19] - Shares used to compute diluted loss per share for Q3 2024 were 42,312, compared to 32,774 in Q3 2023[19]

SUGAR LAND, Texas, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Applied Optoelectronics, Inc. (NASDAQ: AAOI), a leading provider of fiber-optic access network products for the internet datacenter, cable broadband, telecom and fiber-to-the-home (FTTH) markets, today announced that it will release financial results for its third quarter ended September 30, 2024 on Thursday, November 7, 2024. Applied Optoelectronics will host a conference call and webcast for analysts and investors to discuss its third quarter 2024 finan ...

Applied Optoelectronics (AAOI) shares soared 13.7% in the last trading session to close at $15.98. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 46.2% gain over the past four weeks.Applied Optoelectronics extended its rally, driven by its robust optical networking technology portfolio which continues to strengthen its presence in the cable TV (CATV) market. Additionally, growing demand for the company’s 100G products is benefit ...

shulz Note: I have covered Applied Optoelectronics, Inc. or "AOI" (NASDAQ:AAOI) previously, so investors should view this as an update to my earlier articles on the company. Earlier this month, Applied Optoelectronics reported mixed Q2/2024 results, with non-GAAP gross margins coming in below management's projections. However, revenue of $43.3 million and non-GAAP earnings per share of $(0.28) were at least in line with expectations. Company Press Release / Regulatory Filings While free cash flow remained n ...

The artificial intelligence (AI) craze appears to be simmering down. For about a year and a half, technology equities valuations have ballooned as both institutional and retail investors have poured lump sums of capital into the burgeoning space of generative AI. With valuations as high as they have become, however, many investors are beginning to ask follow-up questions. When will these large AI investments pay off?Alphabet (NASDAQ:GOOG,NASDAQ:GOOGL) delivered a mixed second-quarter earnings report for fis ...

The market wasn't in a forgiving mood when it disseminated the company's latest set of quarterly figures.Applied Optoelectronics (AAOI -5.76%), a company that manufactures fiber optics networking components, probably wishes it had called in sick on Wednesday. Its stock price fell by nearly 6% on the day, no thanks to a quarterly earnings report that displeased investors. That decline was far steeper than the almost 0.8% slide of the S&P 500 index.Revenue improvement, bottom-line erosionFor its second quarte ...

Applied Optoelectronics, Inc. (NASDAQ:AAOI) Q2 2024 Earnings Conference Call August 6, 2024 4:30 PM ET Company Participants Lindsay Savarese - IR Thompson Lin - Founder, Chairman and CEO Stefan Murry - CFO and Chief Strategy Officer Conference Call Participants Simon Leopold - Raymond James Timothy Savageaux - Northland Capital Markets Dave Kang - B. Riley FBR Operator Good afternoon. I will be your conference operator. At this time, I would like to welcome everyone to Applied Optoelectronics' Second Quarte ...

Applied Optoelectronics (AAOI) came out with a quarterly loss of $0.28 per share versus the Zacks Consensus Estimate of a loss of $0.29. This compares to loss of $0.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.45%. A quarter ago, it was expected that this maker of fiber optic products used by cable TV providers would post a loss of $0.29 per share when it actually produced a loss of $0.31, delivering a surprise of -6.9 ...