AAOI Q4 revenue $60.5M (-2% YoY); non-GAAP net income $1.6M first quarterly profit in years

APPLIED OPTOELECTRONICS, INC.

2023-FY EPS reported -$1.75 revenue$217,646,000

Q4 GAAP revenue $60.5M (-2% YoY; -3% QoQ); GAAP gross margin improved to 35.7% from 10.1% YoY.
GAAP net loss $13.9M ($0.38/sh) narrowed from $20.3M loss ($0.71) in Q4 2022.
Non-GAAP net income $1.6M ($0.04 diluted EPS), first non-GAAP quarterly profit in years, vs non-GAAP loss $5.4M in Q4 2022.
Full year 2023 revenue $217.6M (-2% YoY); GAAP net loss $56.0M ($1.75/sh) improved from $66.4M loss ($2.38) in 2022.
CEO guides Q1 revenue decline due to Lunar New Year and price cuts; expects substantial improvement in Q2.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

APPLIED OPTOELECTRONICS, INC. reported fourth quarter ended December 31, 2023 results: revenue $60.5 million.

Period: fourth quarter ended December 31, 2023
Revenue: $60.5 million
Result: reported results

Exact text from the filing

ombined with some price reductions, with substantial improvement expected in Q2.” Fourth Quarter 2023 Financial Summary · GAAP revenue was $60.5 million, compared $61.6 million in the fourth quarter of 2022 and $62.5 million in the third quarter of 2023.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.99

APPLIED OPTOELECTRONICS, INC. reported full year ended December 31, 2023 results: revenue $217.6 million.

Period: full year ended December 31, 2023
Revenue: $217.6 million
Result: reported results

Exact text from the filing

Full Year 2023 Financial Summary · GAAP revenue was $217.6 million, compared with $222.8 million in 2022. · GAAP gross margin was 27.1%, compared with 15.1% in 2022.

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APPLIED OPTOELECTRONICS, INC. filing history →

Source: SEC EDGAR

accession 0001683168-24-001123

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