Applied Optoelectronics Q1 2024 revenue $40.7M, GAAP EPS -$0.60, non-GAAP EPS -$0.31

APPLIED OPTOELECTRONICS, INC.

2024-Q1 EPS reported -$0.60 revenue$40,673,000

Revenue $40.7M, down 23% from $53.0M in Q1 2023 and down 33% from Q4 2023.
GAAP gross margin 18.7% (Q1 2023: 17.4%); non-GAAP gross margin 18.9% (Q1 2023: 23.2%).
GAAP net loss $23.2M ($0.60/sh) vs $16.3M ($0.56) YoY; non-GAAP net loss $12.0M ($0.31) vs $7.1M ($0.25).
CEO attributes miss to product mix, expects recovery in Q2 and markedly improved H2 2024.

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 0.9

APPLIED OPTOELECTRONICS, INC. reported first quarter ended March 31, 2024 results: revenue $40.7 million, net income $23.2 million, EPS $0.60 per basic share.

Period: first quarter ended March 31, 2024
Revenue: $40.7 million
Net income: $23.2 million
EPS: $0.60 per basic share
Result: reported results

Exact text from the filing

drivers remain strong across our end markets and we believe we are well positioned to capitalize on these opportunities.” First Quarter 2024 Financial Summary · GAAP revenue was $40.7 million, compared with $53.0 million in the first quarter of 2023 and $60.5 million in the fourth quarter of 2023. · GAAP gross margin was 18.7%, compared with 17.4% in the first quarter

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Source: SEC EDGAR

accession 0001683168-24-003159

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