Company: AAOI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025450
Chunk: 61

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 61
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 in revenue reduction, cost increases on material used in our products or significant production delays, which could adversely affect our business, financial condition, operational results and cash flows. 

    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 set 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, 

      Six months ended June 30, 

      ​ 
      
      2025 

      2024 

      2025 

      2024 

      Revenue, net 
      
     $
     102,952

     100.0
     %
      
     $
     43,270

     100.0
     %
      
     $
     202,811

     100.0
     %
      
     $
     83,943

     100.0
     %

      Cost of goods sold 

     71,790

     69.7
     %

     33,708

     77.9
     %

     141,105

     69.6
     %

     66,790

     79.6
     %

      Gross profit 

     31,162

     30.3
     %

     9,562

     22.1
     %

     61,706

     30.4
     %

     17,153

     20.4
     %

      Operating expenses 
      
      ​ 

      ​ 

      ​ 

      ​ 

      Research and development 

     20,612

     20.0
     %

     13,078

     30.2
     %

     38,422

     18.9
     %

     24,790

     29.6
     %