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
Slide 2: Consolidated Balance Sheet
Applied Optoelectronics, Inc. Consolidated Balance Sheet (In thousands) Preliminary Unaudited 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 ASSETS CURRENT ASSETS Cash and Cash Equivalents 16,103 21,578 21,940 45,366 8,433 10,653 34,124 67,428 5
Slide 3: Consolidated Statement of Operations
Applied Optoelectronics, Inc. Consolidated Statement of Operations (In thousands, except percentages and per share data) Revenue 1Q23 2Q23 3Q23 4Q23 CY2023 1Q24 2Q24 3Q24 4Q24 CY2024 1Q25 2Q25 CATV 27,779 9,343 10,268 12,551 59,941 8,736 5,818 20,947 52,212 87,713 64,501 56,019 Datacenter 20,353 27,
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 1Q23 2Q23 3Q23 4Q23 CY2023 1Q24 2Q24 3Q24 4Q24 CY2024 1Q25 2Q25 CATV 27,779 9,343 10,268 12,551 59,941 8,736 5,818 20,947 52,212 87,713 64,5
Slide 5: GAAP to Non-GAAP Reconciliation
Applied Optoelectronics, Inc. GAAP to Non-GAAP Reconciliation (In thousands) Preliminary Unaudited 1Q23 2Q23 3Q23 4Q23 CY2023 1Q 2024 2Q 2024 3Q 2024 4Q2024 CY2024 1Q 2025 2Q 2025 GAAP revenue 53,030 41,615 62,547 60,453 217,646 40,673 43,270 65,151 100,271 249,365 99,859 102,952 Non-recurring custo
Slide 6: Page 6
GAAP net income (loss) (16,292) (16,944) (8,953) (13,858) (56,048) (23,170) (26,115) (17,757) (119,692) (186,734) (9,172) (9,098) Share-based compensation expense 2,290 3,062 3,236 3,297 11,885 2,840 6,058 2,944 2,949 14,791 2,561 3,164 Expenses associated with discontinued products 2,962 2,254 29 2