Company: AAOI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033627
Chunk: 47

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 47
---
     (67,042
     )

     (45.0
     )%
      
     $
     30,836

     (46.0
     )%

      Gain (Loss) on foreign currency translation adjustment 

     3,636

     1.1
     %

     (268
     )

     (0.2
     )%
      
     $
     3,904

     (1456.7
     )%

      Comprehensive loss 
      
     $
     (32,570
     )

     (10.2
     )%
      
     $
     (67,310
     )

     (45.2
     )%
      
     $
     34,740

     (51.6
     )%

       25

Comprehensive loss increased by $2.5 million, or 15.9%, for the three months ended September 30, 2025 as compared to the three months ended September 30, 2024. Comprehensive loss decreased by $34.7 million, or 51.6%, for the nine months ended September 30, 2025 as compared to the nine months ended September 30, 2024.

The functional currency for the Company’s operations is generally the applicable local currency. Accordingly, the assets and liabilities of companies whose functional currency is other than the U.S. dollar are included in the consolidated financial statements by translating the assets and liabilities into the U.S. dollar at the exchange rates applicable at the end of the reporting period. Translation gains or losses are accumulated in other comprehensive income (loss) in the consolidated statements of shareholders’ equity and are also included in comprehensive loss.

Liquidity and Capital Resources

As of September 30, 2025, we had $43.8 million of unused borrowing capacity from all of our loan agreements. As of September 30, 2025, our cash, cash equivalents and restricted cash totaled $150.7 million. Cash and cash equivalents are held for working capital purposes and are invested primarily in money market or time deposit funds. We do not enter into investments for trading or speculative purposes.

ATM Offerings

    On December 18, 2024, ﻿the Company filed an automatic shelf registration statement on Form S-3ASR (Registration File No. 333-283905) (the "Automatic Shelf Registration Statement") with the U.S. Securities and Exchange Commission, which became effective immediately