Applied Optoelectronics Inc ( (AAOI) ) has released its Q4 earnings. Here is a breakdown of the information Applied Optoelectronics Inc presented to its investors.
Applied Optoelectronics Inc. is a prominent developer and manufacturer of advanced optical products, serving key markets such as internet datacenters, cable broadband, telecom, and fiber-to-the-home (FTTH). The company is headquartered in Sugar Land, Texas, with additional facilities in Taiwan and China.
In its latest earnings report, Applied Optoelectronics announced a strong fourth quarter for 2024, highlighting significant growth in its datacenter and CATV businesses. The company reported a notable increase in orders, particularly for its 1.8 GHz amplifier products, and secured a substantial order for its Quantum Bandwidth networking products from a major North American cable operator.
Key financial metrics from the fourth quarter of 2024 include a GAAP revenue of $100.3 million, a significant rise from $60.5 million in the same quarter of 2023. The GAAP gross margin was 28.7%, while the non-GAAP gross margin was slightly higher at 28.9%. Despite these gains, the company reported a GAAP net loss of $119.7 million, or $2.60 per basic share, contrasting with a smaller loss in the previous year. For the full year, GAAP revenue reached $249.4 million, with a GAAP net loss of $186.7 million.
Looking ahead, Applied Optoelectronics remains optimistic about the demand for its products, particularly in the datacenter and CATV sectors. The company plans to make significant capital expenditures to enhance production capabilities and expects improvements in gross margins due to manufacturing efficiencies. The management’s outlook for the first quarter of 2025 includes expected revenue between $94 million and $104 million, with a non-GAAP gross margin ranging from 29% to 30.5%.