Company: AAOI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033627
Chunk: 8

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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2024  
 Operating activities:       
 Net loss  $(36,206) $(67,042)
 Adjustments to reconcile net loss to net cash used in operating activities:        
 Allowance for credit losses   5   1,802 
 Inventory reserve adjustment   5,383   2,386 
 Depreciation and amortization   19,491   15,293 
 Amortization of debt issuance costs and premium   (771)  1,037 
 Gain on disposal of assets   31   33 
 Share-based compensation   8,842   11,841 
 Warrants contra revenue   91   — 
 Unrealized foreign exchange loss (gain)   485   (25)
 Changes in operating assets and liabilities:         
 Accounts receivable, trade   (107,232)  (28,884)
 Trade notes receivable   —   172 
 Inventories, net   (84,612)  (2,760)
 Other current assets   (11,342)  (2,031)
 Operating right of use asset   (31,851)  784 
 Accounts payable   45,176   23,099 
 Accrued liabilities   15,667   612 
 Unearned revenue   —   (364)
 Lease liability   31,992   (863)
 Net cash used in operating activities   (144,851)  (44,910)
 Investing activities:         
 Purchase of property, plant and equipment   (104,113)  (15,027)
 Deposits and prepaid for equipment   (21,289)  (6,026)
 Purchase of intangible assets   (270)  (374)
 Net cash used in investing activities   (125,672)  (21,427)
 Financing activities:         
 Proceeds from line of credit borrowings   51,325   35,639 
 Repayments of line of credit borrowings   (50,778)  (29,952)
 Proceeds from bank acceptance payable   88,628   24,831 
 Repayments of bank acceptance payable   (74,226)  (30,484)
 Payments of tax withholding on behalf of employees related to share-based compensation   (9,181)  (