earnings
confidence high
sentiment negative
materiality 0.85
Applied Optoelectronics posts GAAP net loss of $119.7M in Q4 on large impairment; revenue up 66% YoY
APPLIED OPTOELECTRONICS, INC.
2024-FY EPS reported
-$4.50
revenue$249,365,000
- Q4 revenue $100.3M (+66% YoY); datacenter and CATV strength; CATV revenue more than doubled sequentially.
- GAAP net loss $119.7M ($2.60 loss per share) compared to $13.9M loss in Q4 2023; non-GAAP loss $1.0M ($0.02/share).
- Full year 2024 revenue $249.4M (+15% YoY); GAAP net loss $186.7M ($4.50/share) vs $56.0M loss in 2023.
- Received substantial order for Quantum Bandwidth products from top North American cable operator.
- Expects sizeable capex investments over next quarters for increased datacenter production in 2025.