Source-grounded facts extracted from APPLIED OPTOELECTRONICS, INC.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
APPLIED OPTOELECTRONICS, INC. shareholders approved To ratify the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. at the 2023-06-08 meeting.
“Proposal 2: To ratify the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. Votes For Votes Against Votes Abstaining 16,886,276 594,895 359,916”
APPLIED OPTOELECTRONICS, INC. shareholders approved Election of two Class I Directors at the 2023-06-08 meeting.
“Proposal 1: Election of two Class I Directors Votes For Votes Withheld Broker Non-Votes Chi-Wei Lin 6,913,264 2,436,320 8,491,503 Elizabeth Loboa 8,209,725 1,139,859 8,491,503”
APPLIED OPTOELECTRONICS, INC. updated its second quarter 2023 guidance (lowered).
“Recently we were notified of some inventory build-up with certain CATV customers which we expect will negatively impact our Q2 revenue.”
APPLIED OPTOELECTRONICS, INC. reported first quarter ended March 31, 2023 results: revenue $53.0 million, net income -$16.3 million, EPS -$0.56.
“First Quarter 2023 Financial Summary · GAAP revenue was $53.0 million, compared $52.2 million in the first quarter of 2022 and $61.6 million in the fourth quarter of 2022. · GAAP gross margin was 17.4%, compared with 17.3% in the first quarter of 2022 and 10.1% in the fourth quarter of 2022. Non-GAAP gross margin was 23.2%, compared with 17.5% in the first quarter of 2022 and 21.4% in the fourth quarter of 2022. · GAAP net loss was $16.3 million, or $0.56 per basic share, compared with net loss of $16.1 million, or $0.58 per basic share in the first quarter of 2022, and a net loss of $20.3 million, or $0.71 per basic share in the fourth quarter of 2022.”
APPLIED OPTOELECTRONICS, INC. entered into the SOW with Microsoft Corporation (effective 2022-12-16).
“On December 16, 2022, Applied Optoelectronics, Inc. (the “Company”) entered into supply agreement (“the SOW”) with Microsoft Corporation (“Microsoft”), pursuant to which the Company will manufacture certain lasers in accordance with Microsoft’s specifications (“Goods”).”
APPLIED OPTOELECTRONICS, INC. entered into Equity Distribution Agreement with Raymond James & Associates, Inc. valued at up to $35 million (effective 2023-03-24).
“On March 24, 2023, Applied Optoelectronics, Inc. (the “Company”) entered into an Equity Distribution Agreement (the “Agreement”) with Raymond James & Associates, Inc. (the “Sales Agent”) pursuant to which the Company may issue and sell shares of the Company’s common stock, par value $0.001 per share (the “Shares”) having an aggregate offering price of up to $35 million from time to time through the Sales Agent.”
APPLIED OPTOELECTRONICS, INC. incurred revolving credit of $27.78 million with CIT Northbridge Credit, LLC at SOFR plus 3.75%, while monthly average usage is less than 50% of the Credit Faci maturing three-year.
“The Credit Facility provides the Company with a three-year, $27.78 million revolving line of credit.”
APPLIED OPTOELECTRONICS, INC. terminated Truist Credit Line with Truist Bank valued at $20 million (effective 2022-11-16).
“On November 16, 2022, the Company repaid the outstanding balance and terminated its $20 million revolving line of credit with Truist Bank, originally entered into on September 28, 2017 with subsequent amendments, and maturing on April 15, 2023 (the “Truist Credit Line”).”
APPLIED OPTOELECTRONICS, INC. entered into Credit Facility with CIT Northbridge Credit, LLC valued at $27.78 million (effective 2022-11-16).
“On November 16, 2022, Applied Optoelectronics, Inc. (the “Company”) entered into a Loan Security and Guarantee Agreement (the “Credit Facility”) with CIT Northbridge Credit, LLC, as agent for secured parties. The Credit Facility provides the Company with a three-year, $27.78 million revolving line of credit.”
APPLIED OPTOELECTRONICS, INC. reported third quarter 2022 ended September 30, 2022 results: revenue $56.7 million, net income $15.6 million, EPS $0.56 per basic share.
“more than tripling compared to Q2, which we believe is the beginning of the anticipated ramp in this product family.” Third Quarter 2022 Financial Summary · GAAP revenue was $56.7 million, compared $53.3 million in the third quarter of 2021 and $52.3 million in the second quarter of 2022. · GAAP gross margin was 17.2 %, compared with 15.3% in the third quarter”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.