Company: AAOI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015518
Chunk: 5

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 5
---
,826

       Net cash provided by financing activities 

      70,014

      (1,417
      )

       Effect of exchange rate changes on cash 

      4,880

      278

       Net decrease in cash, cash equivalents and restricted cash 

      (12,322
      )

      (37,692
      )

       Cash, cash equivalents and restricted cash at beginning of period 

      79,133

      55,097

       Cash, cash equivalents and restricted cash at end of period 
       
      $
      66,811

      $
      17,405

       Supplemental disclosure of cash flow information: 

       Cash paid for: 

       Interest, net of amounts capitalized 
       
      $
      109

      $
      55

       Non-cash investing and financing activities: 

       Net change in accounts payable related to property and equipment additions 
       
      $
      809

      $
      (622
      )

       Net change in deposits and prepaid for equipment related to property and equipment additions 

      (864
      )

      5

       Non-cash operating and financing activities: 

       Warrant issued and vested to customer 
       
      $
      16,739

      —

​

The accompanying notes are an integral part of these condensed consolidated financial statements.

       7

Applied Optoelectronics, Inc. and Subsidiaries

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

   Note 1.   Description of Business​
   ​
   Business Overview
   ​
   Applied Optoelectronics, Inc. ("AOI" or the "Company") is a Delaware corporation. The Company is a leading, vertically integrated provider of fiber-optic networking products, primarily for four networking end-markets: internet data center, cable television ("CATV"), telecommunications ("telecom") and fiber-to-the-home ("FTTH"). The Company designs and manufactures a wide range of optical communications products at varying levels of integration, from components, subassemblies and modules to complete turn-key equipment.
   ​
   The Company has manufacturing and research and development facilities located in the U.S., Taiwan and China. In the U.S., at its corporate headquarters and manufacturing facilities in Sugar Land, Texas, the Company primarily manufactures lasers and laser components as well as certain of its data center transceivers and performs research and development activities for laser component and optical module