Company: AAOI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015518
Chunk: 92

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 92
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 the period. Diluted net loss per share has been computed using the weighted-average number of shares of common stock and dilutive potential common shares from stock options, restricted stock units and senior convertible notes outstanding during the period. In periods with net losses, normally dilutive shares become anti-dilutive. Therefore, basic and diluted loss per share are the same. On  March 13, 2025, the Company issued 7,945,399 stock warrants to a subsidiary of Amazon, and 1,324,233 warrants have been vested upon signing the warrant agreement. Because the Warrants were out of money as of  March 31, 2025, they are not considered dilutive instruments. 
   ​
   The following table sets forth the computation of the basic and diluted net loss per share for the periods indicated (in thousands):
   ​
   
       Three months ended March 31,  
 ​   2025    2024  
 Numerator:   ​    ​  
 Net loss  $(9,172) $(23,170)
 Denominator:   ​    ​  
 Weighted average shares used to compute net loss per share   ​    ​  
 Basic   50,041   38,362 
 Diluted   50,041   38,362 
 Net loss per share   ​    ​  
 Basic  $(0.18) $(0.60)
 Diluted  $(0.18) $(0.60)

   The following potentially dilutive securities were excluded from the diluted net loss per share as their effect would have been antidilutive (in thousands):

       Three months ended March 31,  
 ​   2025    2024  
 Restricted stock units   2,796   3,128 
 Shares for convertible senior notes   3,116   5,264 
 Total antidilutive shares   5,912   8,392 

   ​​

   Note 7.  Inventories
   ​
   Inventories, net of inventory write-downs, consist of the following for the periods indicated (in thousands):​

     ​   March 31, 2025    December 31, 2024  
 Raw materials  $58,287  $50,379 
 Work in process and sub-assemblies   45,921   35,716 
 Finished goods