Company: AAOI
Filing Date: 2025-02-28
Form Type: PRE 14A
Source: 0001104659-25-019126
Chunk: 110

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-02-28
Form: PRE 14A
Chunk 110
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 intangible assets, share-based compensation expense, non-recurring expenses (income), unrealized foreign exchange gain (loss), non-recurring tax expenses (benefits), expenses associated with discontinued products, non-cash expenses associated with discontinued products, depreciation expense, and interest income (expense), which are all required under GAAP. AOI management uses these non-GAAP financial measures internally to understand, manage and evaluate the business and establish its operational goals, review its operations on a period-to-period basis, for compensation evaluations, to measure performance, and for budgeting and resource allocation. AOI management believes it is useful for the Company and investors to review, as applicable, both GAAP information and non-GAAP financial measures to help assess the performance of AOI’s continuing business and to evaluate AOI’s future prospects. These non-GAAP measures, when reviewed together with the GAAP financial information, provide additional transparency and information for comparison and analysis of operating performance and trends. These non-GAAP measures exclude certain items to facilitate management’s review of the comparability of our core operating results on a period-to-period basis. Because the Company’s non-GAAP financial measures are not calculated in accordance with GAAP, they may not necessarily be comparable to similarly titled measures employed by other companies. These non-GAAP financial measures should not be considered in isolation or as a substitute for the comparable GAAP measures and should be read only in conjunction with the Company’s consolidated financial results as presented in accordance with GAAP. APPLIED OPTOELECTRONICS, INC. RECONCILIATION OF GAAP AND NON-GAAP FINANCIAL INFORMATION (unaudited, in thousands)

| ​                                                                                                 | ​ | ​ | Twelve Months EndedDecember 31, 2024 |   |          |   | ​ |
|:--------------------------------------------------------------------------------------------------|:--|:--|:-------------------------------------|:--|---------:|:--|:--|
| Reconciliation of GAAP net loss attributable to Applied Optoelectronics, Inc. and non-GAAP EBITDA | ​ | ​ | ​                                    | ​ |        ​ | ​ | ​ |
| GAAP Net Loss                                                                                     | ​ | ​ | ​                                    | $ | -194,022 | ​ | ​ |
| Share-based compensation expense                                                                  | ​ | ​ | ​                                    | $ |   14,790 | ​ | ​ |
| Expense associated with discontinued products                                                     | ​ | ​ | ​                                    | $ |      300 | ​ | ​ |
| Non-c