Applied Optoelectronics, Inc. · NASDAQ:AAOI

Applied Optoelectronics — Q2 2023 Earnings Presentation

6 slides from Applied Optoelectronics's earnings presentation, Aug 3, 2023

  1. Slide 1: Non-GAAP Financial Measures

    Non-GAAP Financial Measures We provide non-GAAP gross margin, non-GAAP net income (loss), and non-GAAP earnings per share to eliminate the impact of items that we do not consider indicative of our overall operating performance. To arrive at our non-GAAP gross margin, we exclude stock-based compensat

  2. Slide 2: Consolidated Balance Sheet

    Applied Optoelectronics, Inc. Consolidated Balance Sheet (In thousands) Preliminary Unaudited 6/30/2021 9/30/2021 12/31/2021 3/31/2022 6/30/2022 9/30/2022 12/31/2022 3/31/2023 6/30/2023 ASSETS CURRENT ASSETS Cash and Cash Equivalents 44,013 43,534 34,656 31,980 33,667 26,268 24,685 16,103 21,578 Res

  3. Slide 3: Consolidated Statement of Operations

    Applied Optoelectronics, Inc. Consolidated Statement of Operations (In thousands, except percentages and per share data) Revenue 2Q21 3Q21 4Q21 CY2021 1Q22 2Q22 3Q22 4Q22 CY2022 1Q23 2Q23 CATV 27,599 23,101 24,928 94,538 24,980 23,713 31,260 38,216 118,169 27,779 9,343 Datacenter 22,392 23,929 25,20

  4. Slide 4: Consolidated Statement of Operations NON GAAP

    Applied Optoelectronics, Inc. Consolidated Statement of Operations NON GAAP (In thousands, except percentages and per share data) Preliminary Unaudited Revenue 2Q21 3Q21 4Q21 CY2021 1Q22 2Q22 3Q22 4Q22 CY2022 1Q23 2Q23 CATV 27,599 23,101 24,928 94,538 24,980 23,713 31,260 38,216 118,169 27,779 9,343

  5. Slide 5: GAAP to Non-GAAP Reconciliation

    Applied Optoelectronics, Inc. GAAP to Non-GAAP Reconciliation (In thousands) Preliminary Unaudited 2Q21 3Q21 4Q21 CY2021 1Q22 2Q22 3Q22 4Q22 CY2022 1Q23 2Q23 GAAP revenue 54,189 53,267 54,408 211,565 52,242 52,299 56,693 61,584 222,818 53,030 41,615 Non-recurring customer credit - - - - - - - - - -

  6. Slide 6: GAAP to Non-GAAP Reconciliation (continued)

    GAAP other income (loss) 5,446 (344) (912) 2,606 (1,823) (1,557) (2,131) (1,886) (7,398) (2,125) (971) Loss (gain) from disposal of idle assets - - - - - Unrealized exchange loss (gain) (133) 332 (339) 703 982 298 964 (434) 1,810 1,109 66 Non-recurring expense (income) (6,299) - - (6,299) 3 - - - 3

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