secwatch.observer — SEC 8-K summary
======================================

Issuer:     APPLIED OPTOELECTRONICS, INC. (AAOI)
CIK:        0001158114
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001683168-24-003159
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1158114/000168316824003159/0001683168-24-003159-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1158114/000168316824003159/appliedopto_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-003159

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer