Company: AAOI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025450
Chunk: 6

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 6
---
 

      (7,821
      )

      (2,670
      )

       Payment on convertible notes 

      (56
      )

      (214
      )

       Proceeds from common stock offering, net 

      195,770

      19,944

       Cash settlement of Share-based compensation 

      —

      (2,791
      )

       Net cash provided by financing activities 

      195,993

      3,097

       Effect of exchange rate changes on cash 

      3,652

      550

       Net decrease in cash, cash equivalents and restricted cash 

      8,062

      (38,979
      )

       Cash, cash equivalents and restricted cash at beginning of period 

      79,133

      55,097

       Cash, cash equivalents and restricted cash at end of period 
       
      $
      87,195

      $
      16,118

       Supplemental disclosure of cash flow information: 

       Cash paid for: 

       Interest, net of amounts capitalized 
       
      $
      274

      $
      2,527

       Non-cash investing and financing activities: 

       Net change in accounts payable related to property and equipment additions 
       
      $
      1,405

      $
      (730
      )

       Net change in deposits and prepaid for equipment related to property and equipment additions 

      (17,484
      )

      304

       Non-cash operating and financing activities: 

       Warrant issued and vested to customer 
       
      $
      16,739

      —

​

The accompanying notes are an integral part of these condensed consolidated financial statements.

       8

Applied Optoelectronics, Inc. and Subsidiaries

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

   Note 1.   Description of Business​
   ​
   Business Overview
   ​
   Applied Optoelectronics, Inc. ("AOI" or the "Company") is a Delaware corporation. The Company is a leading, vertically integrated provider of fiber-optic networking products, primarily for four networking end-markets: internet data center, cable television ("CATV"), telecommunications ("telecom") and fiber-to-the-home ("FTTH"). The Company designs and manufactures a wide range of optical communications products at varying levels of integration, from components, subassemblies and modules to complete turn-key