AAOI - Applied Optoelectronics, Inc.
Price:
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--
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$74.50
DETAILS
HIGH:
$160.00
LOW:
$43.00
MEDIAN:
$47.50
CONSENSUS:
$74.50
DOWNSIDE:
58.95%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||
| Revenue | 455.7 | 249.4 | 217.6 | 222.8 | 211.6 | 234.6 | 190.9 | 267.5 | 382.3 | 260.7 | 189.9 | 130.4 | 78.4 | 63.4 | 47.8 | 40.5 |
| Cost of Revenue | 318.8 | 187.6 | 158.7 | 189.2 | 173.8 | 184.1 | 144.7 | 179.7 | 216.0 | 173.8 | 129.4 | 86.2 | 55.4 | 44.5 | 34.5 | 27.5 |
| Gross Profit | 136.9 | 61.8 | 58.9 | 33.6 | 37.7 | 50.5 | 46.2 | 87.8 | 166.3 | 87.0 | 60.5 | 44.2 | 23.0 | 18.9 | 13.4 | 12.9 |
| Operating Expenses | ||||||||||||||||
| R&D Expenses | 85.5 | 55.0 | 36.0 | 36.2 | 41.2 | 43.4 | 43.4 | 49.9 | 35.4 | 31.8 | 20.9 | 16.0 | 8.5 | 7.6 | 6.5 | 5.2 |
| SG&A Expenses | 106.0 | 77.8 | 64.3 | 56.4 | 53.3 | 56.0 | 51.5 | 48.6 | 44.0 | 32.2 | 26.2 | 23.1 | 14.8 | 11.1 | 10.7 | 10.4 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.5 |
| Operating Expenses | 191.5 | 132.7 | 100.3 | 92.6 | 94.5 | 99.4 | 94.9 | 98.5 | 79.3 | 63.9 | 47.0 | 39.1 | 23.3 | 18.8 | 17.1 | 16.0 |
| Operating Income | ||||||||||||||||
| Operating Income | (54.6) | (70.9) | (41.3) | (59.0) | (56.8) | (48.8) | (48.7) | (10.8) | 87.0 | 23.0 | 13.4 | 5.1 | (0.3) | 0.2 | (3.7) | (3.1) |
| Interest Expense | 3.5 | 6.8 | 9.4 | 6.3 | 5.6 | 5.6 | 5.4 | 1.1 | 0.9 | 1.7 | 1.0 | 0.3 | 1.1 | 1.4 | 1.3 | 0.9 |
| Interest Income | 1.8 | 0.9 | 0.6 | 0.1 | 0.1 | 0.3 | 0.9 | 0.3 | 0.2 | 0.2 | 0.3 | 0.4 | 0.1 | 0.0 | 0.0 | 0.0 |
| Profitability | ||||||||||||||||
| EBITDA | (15.5) | (159.3) | (26.2) | (36.9) | (23.2) | (20.9) | (22.0) | 21.0 | 105.8 | 36.9 | 21.6 | 11.0 | 3.1 | 3.4 | (0.9) | 0.9 |
| EBIT | (43.2) | (179.9) | (46.6) | (60.1) | (48.5) | (45.6) | (46.0) | (8.7) | 87.0 | 23.0 | 13.4 | 5.1 | (0.3) | 0.4 | (4.0) | (2.5) |
| Income Before Tax | (46.7) | (186.7) | (56.0) | (66.4) | (54.2) | (51.2) | (51.4) | (9.8) | 84.5 | 21.0 | 11.2 | 4.5 | (1.4) | (0.9) | (5.3) | (3.4) |
| Income Tax Expense | (8.5) | 0.0 | 0.0 | 0.0 | 0.0 | 7.2 | 14.7 | (7.6) | 10.6 | (10.2) | 0.4 | 0.2 | 0 | 0 | 0 | 0 |
| Net Income | (38.2) | (186.7) | (56.0) | (66.4) | (54.2) | (58.5) | (66.0) | (2.1) | 74.0 | 31.2 | 10.8 | 4.3 | (1.4) | (0.9) | (5.3) | (3.4) |
| Per Share Data | ||||||||||||||||
| EPS (Basic) | -0.64 | -4.50 | -1.75 | -2.38 | -2.01 | -2.67 | -3.31 | -0.11 | 3.87 | 1.82 | 0.69 | 0.30 | -0.14 | -0.11 | -0.60 | -0.40 |
| EPS (Diluted) | -0.64 | -4.50 | -1.75 | -2.38 | -2.01 | -2.67 | -3.31 | -0.11 | 3.67 | 1.76 | 0.65 | 0.28 | -0.14 | -0.11 | -0.60 | -0.40 |
| Shares Outstanding | 60.2 | 41.5 | 31.9 | 27.8 | 26.9 | 21.9 | 20.0 | 19.6 | 19.1 | 17.2 | 15.6 | 14.3 | 10.0 | 8.9 | 8.9 | 8.4 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 216.0 | 67.4 | 45.4 | 24.7 | 34.7 | 43.4 | 60.0 | 55.6 | 82.9 | 50.2 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0.0 |
| Net Receivables | 244.4 | 116.8 | 48.3 | 61.5 | 56.1 | 43.4 | 34.7 | 30.5 | 59.9 | 49.8 |
| Inventory | 183.1 | 88.1 | 63.9 | 79.7 | 92.5 | 110.4 | 85.0 | 93.3 | 75.8 | 51.8 |
| Other Current Assets | 32.2 | 28.9 | 15.1 | 17.3 | 10.8 | 11.9 | 12.9 | 3.5 | 2.4 | 5.7 |
| Total Current Assets | 675.7 | 301.3 | 172.6 | 183.2 | 194.1 | 209.2 | 192.8 | 194.3 | 229.7 | 157.6 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 425.7 | 228.9 | 205.3 | 215.8 | 250.2 | 260.8 | 256.3 | 234.2 | 197.9 | 144.1 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 3.6 | 3.7 | 8.7 | 8.9 | 9.7 | 9.9 | 9.7 | 9.8 | 4.8 | 4.8 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 |
| Other Non-Current Assets | 63.3 | 13.2 | 2.6 | 0.4 | 0.5 | 1.0 | 0.7 | 6.8 | 7.7 | 4.5 |
| Total Non-Current Assets | 492.7 | 245.8 | 216.6 | 225.1 | 260.4 | 271.6 | 274.0 | 272.6 | 223.3 | 164.8 |
| Total Assets | 1,168.4 | 547.0 | 389.2 | 408.3 | 454.5 | 480.8 | 466.8 | 466.8 | 453.0 | 322.3 |
| Current Liabilities | ||||||||||
| Account Payables | 143.9 | 105.0 | 32.9 | 47.8 | 34.4 | 29.5 | 32.8 | 29.9 | 43.6 | 36.4 |
| Short-Term Debt | 37.5 | 41.6 | 39.0 | 69.4 | 57.9 | 54.1 | 39.7 | 28.2 | 0.6 | 8.2 |
| Deferred Revenue | 0 | 0 | 1.8 | 3 | 0.2 | 0.3 | 0.3 | 0.4 | 0.4 | 0.3 |
| Other Current Liabilities | 75.9 | 4.2 | 2.4 | 3.5 | 4.4 | 3.7 | 3.8 | 2.9 | 2.0 | 1.9 |
| Total Current Liabilities | 257.3 | 170.1 | 93.4 | 138.6 | 109.0 | 103.1 | 91.4 | 77.4 | 70.7 | 60.0 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 129.8 | 138.8 | 76.2 | 79.5 | 83.7 | 91.8 | 93.6 | 60.3 | 49.0 | 35.0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 47.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Liabilities | 177.2 | 147.9 | 81.0 | 85.0 | 90.9 | 99.8 | 101.7 | 60.3 | 49 | 35.0 |
| Total Liabilities | 434.5 | 317.9 | 174.3 | 223.6 | 199.9 | 202.9 | 193.0 | 137.7 | 119.7 | 94.9 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (490.1) | (451.9) | (265.1) | (209.1) | (142.7) | (88.5) | (30.1) | 36.0 | 38.1 | (37.0) |
| Accumulated Other Comprehensive Income | (0.6) | (2.5) | 1.0 | 2.2 | 16.1 | 11.7 | 0.4 | 0.6 | 9.7 | (0.9) |
| Total Stockholders' Equity | 733.9 | 229.1 | 214.9 | 184.7 | 254.6 | 277.9 | 273.8 | 329.1 | 333.3 | 227.4 |
| Total Liabilities & Equity | 1,168.4 | 547.0 | 389.2 | 408.3 | 454.5 | 480.8 | 466.8 | 466.8 | 453.0 | 322.3 |
| Debt Metrics | ||||||||||
| Total Debt | 167.3 | 190.9 | 121.1 | 155.5 | 149.9 | 154.9 | 142.3 | 88.5 | 49.6 | 43.1 |
| Net Debt | (48.7) | 123.4 | 75.7 | 130.8 | 115.2 | 111.5 | 82.4 | 32.9 | (33.4) | (7.1) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (38.2) | (186.7) | (56.0) | (66.4) | (54.2) | (58.5) | (66.0) | (2.1) | 74.0 | 31.2 |
| Depreciation & Amortization | 27.7 | 20.6 | 20.4 | 23.2 | 25.4 | 24.7 | 24.0 | 29.7 | 20.4 | 14.2 |
| Stock-Based Compensation | 0 | 14.8 | 11.9 | 9.6 | 12.1 | 13.0 | 11.8 | 11.1 | 7.8 | 3.8 |
| Change in Working Capital | (175.9) | (35.9) | 6.1 | 11.9 | 6.0 | (34.4) | 6.5 | (22.3) | (20.1) | 16.4 |
| Other Non-Cash Items | 19.6 | 117.6 | 9.8 | 7.7 | (0.9) | 3.7 | 7.4 | 6.7 | 2.4 | 2.9 |
| Operating Cash Flow | (174.4) | (69.5) | (7.9) | (14.0) | (11.6) | (44.0) | (1.8) | 14.0 | 84.3 | 57.1 |
| Investing Activities | ||||||||||
| Capital Expenditure | (179.1) | (43.4) | (9.7) | (4.2) | (10.7) | (19.6) | (32.1) | (77.2) | (70.3) | (50.0) |
| Acquisitions | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.0) |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0.0 | 7.8 |
| Other Investing Activities | (31.1) | (7.3) | (5.7) | (0.6) | (2.6) | (3.6) | (3.3) | (4.7) | (3.2) | 0.2 |
| Investing Cash Flow | (210.6) | (50.7) | (14.8) | (3.8) | (10.5) | (19.3) | (32.1) | (76.5) | (70.2) | (41.5) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 19.5 | 3.0 | (27.5) | 10.0 | (0.4) | 9.3 | 43.5 | 38.8 | 5.9 | (26.4) |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (10.5) | (7.1) | (0.9) | (0.5) | (1.0) | (1.1) | (0.9) | (4.0) | (9.3) | 0.9 |
| Financing Cash Flow | 527.9 | 142.2 | 40.6 | 10.8 | 14.1 | 47.4 | 42.6 | 34.8 | 18.2 | 4.6 |
| Cash Position | ||||||||||
| Net Change in Cash | 136.9 | 24.0 | 19.5 | (5.5) | (9.0) | (16.9) | 9.0 | (25.9) | 32.0 | 22.1 |
| Cash at Beginning | 79.1 | 55.1 | 35.6 | 41.1 | 50.1 | 67.0 | 58.0 | 83.9 | 52.0 | 28.1 |
| Cash at End | 216.0 | 79.1 | 55.1 | 35.6 | 41.1 | 50.1 | 67.0 | 58.0 | 83.9 | 50.2 |
| Free Cash Flow | (353.6) | (112.9) | (17.6) | (18.3) | (22.3) | (63.6) | (33.9) | (63.2) | 13.9 | 7.1 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||
| Revenue | 455.7 | 249.4 | 217.6 | 222.8 | 211.6 | 234.6 | 190.9 | 267.5 | 382.3 | 260.7 | 189.9 | 130.4 | 78.4 | 63.4 | 47.8 | 40.5 |
| Gross Profit | 136.9 | 61.8 | 58.9 | 33.6 | 37.7 | 50.5 | 46.2 | 87.8 | 166.3 | 87.0 | 60.5 | 44.2 | 23.0 | 18.9 | 13.4 | 12.9 |
| Operating Income | (54.6) | (70.9) | (41.3) | (59.0) | (56.8) | (48.8) | (48.7) | (10.8) | 87.0 | 23.0 | 13.4 | 5.1 | (0.3) | 0.2 | (3.7) | (3.1) |
| Net Income | (38.2) | (186.7) | (56.0) | (66.4) | (54.2) | (58.5) | (66.0) | (2.1) | 74.0 | 31.2 | 10.8 | 4.3 | (1.4) | (0.9) | (5.3) | (3.4) |
| EPS (Diluted) | -0.64 | -4.50 | -1.75 | -2.38 | -2.01 | -2.67 | -3.31 | -0.11 | 3.67 | 1.76 | 0.65 | 0.28 | -0.14 | -0.11 | -0.60 | -0.40 |
| Balance Sheet | ||||||||||||||||
| Cash & Equivalents | 216.0 | 67.4 | 45.4 | 24.7 | 34.7 | 43.4 | 60.0 | 55.6 | 82.9 | 50.2 | ||||||
| Total Assets | 1,168.4 | 547.0 | 389.2 | 408.3 | 454.5 | 480.8 | 466.8 | 466.8 | 453.0 | 322.3 | ||||||
| Total Debt | 167.3 | 190.9 | 121.1 | 155.5 | 149.9 | 154.9 | 142.3 | 88.5 | 49.6 | 43.1 | ||||||
| Stockholders' Equity | 733.9 | 229.1 | 214.9 | 184.7 | 254.6 | 277.9 | 273.8 | 329.1 | 333.3 | 227.4 | ||||||
| Cash Flow | ||||||||||||||||
| Operating Cash Flow | (174.4) | (69.5) | (7.9) | (14.0) | (11.6) | (44.0) | (1.8) | 14.0 | 84.3 | 57.1 | ||||||
| Capital Expenditure | (179.1) | (43.4) | (9.7) | (4.2) | (10.7) | (19.6) | (32.1) | (77.2) | (70.3) | (50.0) | ||||||
| Free Cash Flow | (353.6) | (112.9) | (17.6) | (18.3) | (22.3) | (63.6) | (33.9) | (63.2) | 13.9 | 7.1 | ||||||