Company: AAOI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015518
Chunk: 33

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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 remain in effect, including significant tariffs and trade sanctions between the United States and China. Tariffs, trade restrictions and retaliatory measures could result 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 March 31, 

      ​ 
      
      2025 

      2024 

      Revenue, net 
      
     $
     99,859

     100.0
     %
      
     $
     40,673

     100.0
     %

      Cost of goods sold 

     69,315

     69.4
     %

     33,082

     81.3
     %

      Gross profit 

     30,544

     30.6
     %

     7,591

     18.7
     %

      Operating expenses 
      
      ​ 

      ​ 

      Research and development 

     17,810

     17.8
     %

     11,712

     28.8
     %

      Sales and marketing 

     5,357

     5.4
     %

     3,798

     9.3
     %

      General and administrative 

     16,314

     16.3
     %

     13,727

     33.8
     %

      Total operating expenses 

     39,481

     39.5
     %

     29,237

     71.9
     %

      Loss from operations 

     (8,937
     )

     (8.9