Company: AAOI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015518
Chunk: 119

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 119
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 Notes for aggregate consideration consisting of (i) $125.0 million aggregate principal amount of the 2030 Notes, (ii) 1,487,874 shares of the Company's common stock, par value $0.001 per share and (iii) approximately $0.9 million of cash in aggregate. Also, refer to Note 12 "Convertible Senior Notes" to the consolidated financial statements for further discussion of the 2030 Notes.

Operating activities

The table below sets forth selected cash flow data for the periods presented (in thousands):

​

      Three months ended March 31, 

      ​ 
      
      2025 

      2024 

      Net cash provided by (used in) operating activities 
      
     $
     (50,915
     )
      
     $
     (28,481
     )

      Net cash (used in) investing activities 

     (36,301
     )

     (8,072
     )

      Net cash provided by (used in) financing activities 

     70,015

     (1,417
     )

      Effect of exchange rates on cash and cash equivalents 

     4,880

     278

      Net decrease in cash and cash equivalents 
      
     $
     (12,321
     )
      
     $
     (37,692
     )

​​

For the three months ended March 31, 2025, net cash used in operating activities was $50.9 million. Net cash used in operating activities consisted of our net loss of $9.2 million after exclusion of non-cash items of $10.2 million. Cash decreased due to accounts receivable increase of $54.3 million and inventory increase of $16.2 million, partially offset by accounts payable increase of $19.9 million.  

Investing activities

​

For the three months ended March 31, 2025, net cash used in investing activities was $36.3 million, mainly for the purchase of additional plant, machinery and equipment.

Financing activities

​

For the three months ended March 31, 2025, net cash provided by financing activities was $70.0 million. This increase was due to the net proceeds of $71.7 million from the ATM Offering,  partially offset by tax payments related share-based compensation of $1.7 million.

Loans and commitments