Company: AAOI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015518
Chunk: 8

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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odification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative", which amends U.S. GAAP to include 14 disclosure requirements that are currently required under SEC Regulation S-X or Regulation S-K. Each amendment will be effective on the date on which the SEC removes the related disclosure requirement from SEC Regulation S-X or Regulation S-K.  The Company has evaluated the new standard and determined that it will have no material impact on its financial statements or disclosures since the Company is already subject to the relevant SEC disclosure requirements.

   Note 3.  Revenue Recognition
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   Disaggregation of Revenue
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   Revenue is classified based on the location where the product is manufactured. For additional information on the disaggregated revenues by geographical region, see Note 17, "Segment and Geographic Information."
    
   Revenue is also classified by major product categories and is presented below (in thousands):
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       Three months ended March 31,  
       % of        % of  
 ​   2025    Revenue    2024    Revenue  
 CATV  $64,501   64.6% $8,736   21.5%
 Data Center   32,049   32.1%  28,986   71.2%
 Telecom   2,937   2.9%  2,269   5.6%
 FTTH   —   0.0%  —   0.0%
 Other   372   0.4%  682   1.7%
 Total Revenue  $99,859   100.0% $40,673   100.0%

   Unearned Revenue
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   We record unearned revenues when cash payments are received or due in advance of our performance, including amounts which are refundable. Unearned revenues solely relate to statement of work with Microsoft regarding contract prices allocated to the performance obligations that are unsatisfied, or partially unsatisfied, as of the balance sheet dates. Unearned revenue balance as of  March 31, 2025 and  December 31, 2024 were both zero. For the three months ended  March 31, 2025 and 2024, revenue recognized from the unearned revenue balance was $0 and $0.1 million, respectively