secwatch.observer — SEC 8-K summary
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Issuer:     APPLIED OPTOELECTRONICS, INC. (AAOI)
CIK:        0001158114
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0001683168-24-001123
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1158114/000168316824001123/0001683168-24-001123-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1158114/000168316824001123/appliedopto_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-001123

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