Company: AAOI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033627
Chunk: 20

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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 share are the same. On  March 13, 2025, the Company issued 7,945,399 stock warrants to a subsidiary of Amazon, and 1,324,233 warrants have been vested upon signing the warrant agreement. For the three months ended  September 30, 2025,  such warrants are in the money, the warrants are considered dilutive instruments; For the nine months ended  September 30, 2025, such warrants are out of money, they are not considered dilutive instruments. 
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   The following table sets forth the computation of the basic and diluted net loss per share for the periods indicated (in thousands):

       Three months ended September 30,    Nine months ended September 30,  
   2025    2024    2025    2024  
 Numerator:             
 Net loss  $(17,936) $(17,757) $(36,206) $(67,042)
 Denominator:             
 Weighted average shares used to compute net loss per share             
 Basic   63,329   42,312   56,762   40,021 
 Diluted   63,329   42,312   56,762   40,021 
 Net loss per share             
 Basic  $(0.28) $(0.42) $(0.64) $(1.68)
 Diluted  $(0.28) $(0.42) $(0.64) $(1.68)

   The following potentially dilutive securities were excluded from the diluted net loss per share as their effect would have been antidilutive (in thousands):

       Three months ended September 30,    Nine months ended September 30,  
   2025    2024    2025    2024  
 Restricted stock units   2,248   2,097   2,435   2,543 
 Shares for convertible senior notes   2,966   5,264   3,072   5,264 
 Amazon Warrant   1,324   —   —   — 
 Total antidilutive shares   6,538   7,361   5,507   7,807 

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   Note