Company: AAOI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015518
Chunk: 116

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 116
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 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.

The functional currency for the Company’s operations is generally the applicable local currency. Accordingly, the assets and liabilities of companies whose functional currency is other than the U.S. dollar are included in the consolidated financial statements by translating the assets and liabilities into the U.S. dollar at the exchange rates applicable at the end of the reporting period. Translation gains or losses are accumulated in other comprehensive income (loss) in the consolidated statements of shareholders’ equity and are also included in comprehensive loss.

Liquidity and Capital Resources

As of March 31, 2025, we had $29.4 million of unused borrowing capacity from all of our loan