Company: AAOI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033627
Chunk: 5

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 5
---
 $0.001 par value; 68,065 and 49,393 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively   68   49 
 Additional paid-in capital   1,045,986   683,462 
 Accumulated other comprehensive income (loss)   1,088   (2,548)
 Accumulated deficit   (488,057)  (451,851)
 TOTAL STOCKHOLDERS' EQUITY   559,085   229,112 
 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY  $978,528  $547,032 

​

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

       3

      Table of Contents

Applied Optoelectronics, Inc. and Subsidiaries

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited, in thousands, except per share data)

​

      Three months ended September 30,    Nine months ended September 30,  
   2025    2024    2025    2024  
 Revenue, net  $118,630  $65,151  $321,441  $149,094 
 Cost of goods sold   85,367   49,234   226,472   116,023 
 Gross profit   33,263   15,917   94,969   33,071 
 Operating expenses               
 Research and development   21,265   13,428   59,687   38,218 
 Sales and marketing   9,871   4,796   23,363   14,503 
 General and administrative   20,314   14,240   55,020   44,786 
 Total operating expenses   51,450   32,464   138,070   97,507 
 Loss from operations   (18,187)  (16,547)  (43,101)  (64,436)
 Other income (expense)               
 Interest income   451   156   961   509 
 Interest expense   (902)  (1,702)  (2,653)  (5,072)