Company: AAOI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025450
Chunk: 133

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 133
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 thousands, except percentages) 

      Net loss 
      
     $
     (18,270
     )

     (9.0
     )%
      
     $
     (49,285
     )

     (58.8
     )%
      
     $
     31,015

     (62.9
     )%

      Gain (Loss) on foreign currency translation adjustment 

     3,661

     1.8
     %

     (2,506
     )

     (3.0
     )%
      
     $
     6,167

     (246.1
     )%

      Comprehensive loss 
      
     $
     (14,609
     )

     (7.2
     )%
      
     $
     (51,791
     )

     (61.8
     )%
      
     $
     37,182

     (71.8
     )%

       26

Comprehensive loss decreased by $21.7 million, or 80.6%, for the three months ended June 30, 2025 as compared to the three months ended June 30, 2024. Comprehensive loss decreased by $37.2 million, or 71.8%, for the six months ended June 30, 2025 as compared to the six months ended June 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 June 30, 2025, we had $31.2 million of unused borrowing capacity from all of our loan agreements. As of June 30, 2025, our cash, cash equivalents and restricted cash totaled $87.2 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-3