8-K
filed May 4, 2023, 7:59 PM ET
ticker AAOI
CIK 0001158114
earnings
confidence high
sentiment negative
materiality 0.65
Applied Optoelectronics Q1 revenue $53M, net loss $0.56/shr; warns Q2 CATV inventory build-up
APPLIED OPTOELECTRONICS, INC.
2023-Q1 EPS reported
-$0.56
revenue$53,030,000
- GAAP revenue $53.0M (flat YoY); GAAP net loss $16.3M ($0.56/shr) vs Q1 2022 loss of $16.1M ($0.58/shr).
- Non-GAAP net loss $7.1M ($0.25/shr) improved from $7.9M ($0.29/shr); non-GAAP gross margin 23.2% vs 17.5%.
- Q2 revenue negatively impacted by CATV customer inventory build-up; datacenter 100G demand improving.
- China facility sale to Yuhan Optoelectronic Technology expected to close in 2023 or early 2024.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
APPLIED OPTOELECTRONICS, INC. updated its second quarter 2023 guidance (lowered).
- Period
- second quarter 2023
- Guidance
- lowered
- Result
- guidance update
Exact text from the filing
Recently we were notified of some inventory build-up with certain CATV customers which we expect will negatively impact our Q2 revenue.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
APPLIED OPTOELECTRONICS, INC. reported first quarter ended March 31, 2023 results: revenue $53.0 million, net income -$16.3 million, EPS -$0.56.
- Period
- first quarter ended March 31, 2023
- Revenue
- $53.0 million
- Net income
- -$16.3 million
- EPS
- -$0.56
- Result
- reported results
Exact text from the filing
First Quarter 2023 Financial Summary · GAAP revenue was $53.0 million, compared $52.2 million in the first quarter of 2022 and $61.6 million in the fourth quarter of 2022. · GAAP gross margin was 17.4%, compared with 17.3% in the first quarter of 2022 and 10.1% in the fourth quarter of 2022. Non-GAAP gross margin was 23.2%, compared with 17.5% in the first quarter of 2022 and 21.4% in the fourth quarter of 2022. · GAAP net loss was $16.3 million, or $0.56 per basic share, compared with net loss of $16.1 million, or $0.58 per basic share in the first quarter of 2022, and a net loss of $20.3 million, or $0.71 per basic share in the fourth quarter of 2022.
View on SEC.gov
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