Company: AAOI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015518
Chunk: 57

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 2
Chunk 57
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, tax credits, and incentives for investment in the United States.  On August 16, 2022, the Inflation Reduction Act ("IRA") was also signed into law. Among other provisions, the IRA imposes a 15% corporate alternative minimum tax ("Corporate AMT") for tax years beginning after December 31, 2022, imposes a 1% excise tax on corporate stock repurchases after December 31, 2022, and provides tax incentives to promote various energy efficient initiatives. To the extent that we make investments in expanding manufacturing in our semiconductor fabrication facility in Texas, we believe that the CHIPS Act would provide a refundable tax credit for certain equipment and facilities upgrades. We made significant such investments in the three months ended March 31, 2025, but we intend to continue to evaluate future investments for applicability to the tax credit provisions of the CHIPS Act.

Comprehensive Loss

      Three months ended March 31, 

      ​ 

      ​ 

      ​ 
      
      2025 

      2024 

      Change 

      ​ 
      
      ​ 

      % of 

      % of 

      ​ 

      ​ 
      
      Amount 

      revenue 

      Amount 

      revenue 

      Amount 

      % 

      ​ 
      
      (in thousands, except percentages) 

      Net loss 
      
     $
     (9,172
     )

     (9.2
     )%
      
     $
     (23,170
     )

     (57.0
     )%
      
     $
     13,998

     (60.4
     )%

      Loss on foreign currency translation adjustment 

     (207
     )

     (0.2
     )%

     (1,665
     )

     (4.1
     )%

     1,458

     (87.6
     )%

      Comprehensive loss 
      
     $
     (9,379
     )

     (9.4
     )%
      
     $
     (24,835
     )

     (61.1
     )%
      
     $
     15,456

     (62.2
     )%

       23

Comprehensive loss decreased by $15.5 million, or 62.2%, for the three months ended March 31, 2025 as compared to the three months ended March 31, 2024