Company: AAOI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033627
Chunk: 9

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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3,053)
 Payment on convertible notes   (81)  (216)
 Proceeds from common stock offering, net   342,561   58,494 
 Cash settlement of Share-based compensation   —   (2,791)
 Net cash provided by financing activities   348,248   52,468 
 Effect of exchange rate changes on cash   (6,141)  139 
 Net increase (decrease) in cash, cash equivalents and restricted cash   71,584   (13,730)
 Cash, cash equivalents and restricted cash at beginning of period   79,133   55,097 
 Cash, cash equivalents and restricted cash at end of period  $150,717  $41,367 
 Supplemental disclosure of cash flow information:         
 Cash paid for:         
 Interest, net of amounts capitalized  $2,387  $2,635 
 Income taxes   —   1 
 Non-cash investing and financing activities:         
 Net change in accounts payable related to property and equipment additions  $5,432  $(411)
 Net change in deposits and prepaid for equipment related to property and equipment additions   (15,056)  276 
 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.

       8

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