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AAOI - Applied Optoelectronics, Inc.

NASDAQ -> Technology -> Semiconductors
Sugar Land, United States
Type: Equity

AAOI price evolution
AAOI
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Current assets
Cash $55.1 $31.24 $28.61 $26.95
Short term investments $0.22 $0.78 $1.08
Net receivables $48.07 $60.75 $42.6 $56.8
Inventory $63.87 $67.53 $66.32 $70.19
Total current assets $172.6 $164.4 $144.55 $161.53
Long term investments
Property, plant & equipment $205.34 $198.82 $203.19 $212.57
Goodwill & intangible assets $8.66 $8.62 $8.62 $8.93
Total noncurrent assets $216.58 $209.39 $212.33 $222.02
Total investments $0.22 $0.78 $1.08
Total assets $389.19 $373.79 $356.88 $383.55
Current liabilities
Accounts payable $32.89 $34.85 $35.11 $38.42
Deferred revenue $1.8 $12.5 $11.72 $2.76
Short long term debt $40.11 $126.94 $126.94 $150.92
Total current liabilities $93.36 $188.25 $187.47 $205.61
Long term debt $80.96 $4.77 $5.15 $5.31
Total noncurrent liabilities $80.96 $7.19 $6.15 $5.31
Total debt $121.07 $131.71 $132.09 $156.23
Total liabilities $174.32 $195.44 $193.62 $210.91
Shareholders' equity
Retained earnings -$265.12 -$251.26 -$242.31 -$225.36
Other shareholder equity $0.97 -$2.19 -$1.47 $3.82
Total shareholder equity $214.87 $178.35 $163.26 $172.64
(in millions $) 31 Dec 2023 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $55.1 $35.59 $41.14 $50.11
Short term investments $0.22 $0.34 $8.15 $0.4
Net receivables $48.07 $61.51 $47.94 $43.04
Inventory $63.87 $79.68 $92.52 $110.4
Total current assets $172.6 $183.16 $194.08 $209.17
Long term investments
Property, plant & equipment $205.34 $215.78 $250.17 $260.8
Goodwill & intangible assets $8.66 $8.94 $9.69 $9.85
Total noncurrent assets $216.58 $225.1 $260.38 $271.64
Total investments $0.22 $0.34 $8.15 $0.4
Total assets $389.19 $408.26 $454.46 $480.81
Current liabilities
Accounts payable $32.89 $47.84 $34.4 $29.48
Deferred revenue $1.8 $3
Short long term debt $40.11 $70.52 $58.97 $55.16
Total current liabilities $93.36 $138.58 $108.96 $103.15
Long term debt $80.96 $79.51 $90.93 $99.77
Total noncurrent liabilities $80.96 $85.01 $90.93 $99.77
Total debt $121.07 $155.53 $149.9 $154.92
Total liabilities $174.32 $223.59 $199.89 $202.91
Shareholders' equity
Retained earnings -$265.12 -$209.07 -$142.67 -$88.51
Other shareholder equity $0.97 $184.67 $16.07 $11.69
Total shareholder equity $214.87 $184.67 $254.57 $277.89
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $60.45 $62.55 $41.62 $53.03
Cost of revenue $38.85 $42.37 $33.72 $43.79
Gross Profit $21.6 $20.17 $7.9 $9.24
Operating activities
Research & development $9.34 $9.46 $8.64 $8.54
Selling, general & administrative $16.79 $17.4 $15.22 $14.88
Total operating expenses $26.14 $26.86 $23.86 $23.41
Operating income -$4.53 -$6.69 -$15.96 -$14.17
Income from continuing operations
EBIT -$10.73 -$6.96 -$14.76 -$14.15
Income tax expense $0 $0.01
Interest expense $3.13 $1.99 $2.17 $2.14
Net income
Net income -$13.86 -$8.95 -$16.94 -$16.29
Income (for common shares) -$13.86 -$8.95 -$16.94 -$16.29
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $217.65 $222.82 $211.56 $234.62
Cost of revenue $158.72 $189.19 $173.85 $184.08
Gross Profit $58.92 $33.63 $37.72 $50.54
Operating activities
Research & development $35.98 $36.24 $41.22 $43.39
Selling, general & administrative $64.3 $56.38 $53.26 $55.99
Total operating expenses $100.27 $92.63 $94.48 $99.38
Operating income -$41.35 -$59 -$56.77 -$48.84
Income from continuing operations
EBIT -$46.61 -$60.08 -$48.54 -$45.59
Income tax expense $0.01 $0 $0 $7.23
Interest expense $9.43 $6.32 $5.62 $5.63
Net income
Net income -$56.05 -$66.4 -$54.16 -$58.45
Income (for common shares) -$56.05 -$66.4 -$54.16 -$58.45
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Net income -$13.86 -$8.95 -$16.94 -$16.29
Operating activities
Depreciation $4.93 $4.98 $5.19 $5.33
Business acquisitions & disposals
Stock-based compensation $3.3 $3.23 $3.06 $2.29
Total cash flows from operations $1.55 -$15.35 $15.26 -$9.39
Investing activities
Capital expenditures -$9.44 -$3.07 -$0.99 -$0.67
Investments
Total cash flows from investing -$9.6 -$3.25 -$1.13 -$0.78
Financing activities
Dividends paid
Sale and purchase of stock $36.71 $22.01 $9.88 $0.41
Net borrowings -$5.09 -$0.47 -$22.67 $0.76
Total cash flows from financing $31.3 $21.06 -$12.87 $1.09
Effect of exchange rate $0.61 $0.16 $0.41 $0.45
Change in cash and equivalents $23.86 $2.63 $1.66 -$8.64
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income -$56.05 -$66.4 -$54.16 -$58.45
Operating activities
Depreciation $20.43 $23.2 $25.37 $24.73
Business acquisitions & disposals
Stock-based compensation $11.88 $9.6 $12.12 $13.05
Total cash flows from operations -$7.93 -$14.02 -$11.64 -$44.01
Investing activities
Capital expenditures -$14.17 -$3.34 -$10.09 -$18.86
Investments
Total cash flows from investing -$14.76 -$3.83 -$10.55 -$19.35
Financing activities
Dividends paid
Sale and purchase of stock $69.01 $1.24 $15.4 $39.22
Net borrowings -$27.47 $9.97 -$0.36 $9.3
Total cash flows from financing $40.58 $10.75 $14.09 $47.44
Effect of exchange rate $1.62 $1.55 -$0.88 -$1
Change in cash and equivalents $19.51 -$5.55 -$8.98 -$16.91
Fundamentals
Market cap $532.55M
Enterprise value $598.52M
Shares outstanding 38.15M
Revenue $217.65M
EBITDA -$26.18M
EBIT -$46.61M
Net Income -$56.05M
Revenue Q/Q -1.84%
Revenue Y/Y -2.32%
P/E ratio -9.50
EV/Sales 2.75
EV/EBITDA -22.86
EV/EBIT -12.84
P/S ratio 2.45
P/B ratio 2.49
Book/Share 5.61
Cash/Share 1.44
EPS -$1.47
ROA -14.91%
ROE -30.75%
Debt/Equity 0.81
Net debt/EBITDA -4.55
Current ratio 1.85
Quick ratio 1.16