Applied Optoelectronics, Inc. · NASDAQ:AAOI

Applied Optoelectronics — Q2 2024 Earnings Presentation

6 slides from Applied Optoelectronics's earnings presentation, August 2024

  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 6/30/2022 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 ASSETS CURRENT ASSETS Cash and Cash Equivalents 33,667 26,268 24,685 16,103 21,578 21,940 45,366 8,433 10,653 Rest

  3. Slide 3: Consolidated Statement of Operations

    Applied Optoelectronics, Inc. Consolidated Statement of Operations (In thousands, except percentages and per share data) Revenue 2Q22 3Q22 4Q22 CY2022 1Q23 2Q23 3Q23 4Q23 CY2023 1Q24 2Q24 CATV 23,713 31,260 38,216 118,169 27,779 9,343 10,268 12,551 59,941 8,736 5,818 Datacenter 21,497 17,697 16,485

  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 2Q22 3Q22 4Q22 CY2022 1Q23 2Q23 3Q23 4Q23 CY2023 1Q24 2Q24 CATV 23,713 31,260 38,216 118,169 27,779 9,343 10,268 12,551 59,941 8,736 5,818 D

  5. Slide 5: GAAP to Non-GAAP Reconciliation

    Applied Optoelectronics, Inc. GAAP to Non-GAAP Reconciliation (In thousands) Preliminary Unaudited 2Q22 3Q22 4Q22 CY2022 1Q23 2Q23 3Q23 4Q23 CY2023 1Q 2024 2Q 2024 GAAP revenue 52,299 56,693 61,584 222,818 53,030 41,615 62,547 60,453 217,646 40,673 43,270 Non-recurring customer credit - - - - - - -

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

    GAAP other income (loss) (1,557) (2,131) (1,886) (7,398) (2,125) (971) (2,267) (9,326) (14,691) (1,524) 129 Loss (gain) from disposal of idle assets - Unrealized exchange loss (gain) 298 964 (434) 1,810 (1,109) (66) 423 (635) (1,386) 383 (107) Non-recurring expense (income) - - - 3 - - - 9,206 9,206

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