Company: AAOI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033627
Chunk: 66

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 66
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    Consistent with our strategy, we are optimizing operations and facilities and taking measures to contain costs to reduce the impact from tariffs. We are actively monitoring the tariff developments and analyzing the potential impacts on our business, cost structure, supply chain and broader economic environment. We are also working closely with our strategic suppliers to manage the potential impacts. While these developments have not had a material impact on our financial condition or results of operations to date, due to their evolving nature, we cannot predict with certainty the ultimate impacts they may have on our business and results in the future but those impacts could be material.

Results of Operations

​

The following table sets forth our consolidated results of operations for the periods presented and as a percentage of our revenue for those periods (in thousands, except percentages):

      Three months ended June 30, 

      Nine months ended September 30, 

      2025 

      2024 

      2025 

      2024 

      Revenue, net 
      
     $
     118,630

     100.0
     %
      
     $
     65,151

     100.0
     %
      
     $
     321,441

     100.0
     %
      
     $
     149,094

     100.0
     %

      Cost of goods sold 

     85,367

     72.0
     %

     49,234

     75.6
     %

     226,472

     70.5
     %

     116,023

     77.8
     %

      Gross profit 

     33,263

     28.0
     %

     15,917

     24.4
     %

     94,969

     29.5
     %

     33,071

     22.2
     %

      Operating expenses 

      Research and development 

     21,265

     17.9
     %

     13,428

     20.6
     %

     59,687

     18.6
     %

     38,218

     25.7
     %

      Sales and marketing 

     9,871

     8.3
     %

     4,796

     7.4
     %

     23,363

     7.3
     %

     14,503