NASDAQ$AAOI

Applied Optoelectronics Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Applied Optoelectronics reported steady improvement in gross margin, driven by improving demand for 100G products in the datacenter business and good CATV results.

Applied Optoelectronics announced its Q1 2023 financial results, highlighting a steady improvement in gross margin. The company saw improving demand for its 100G products in the datacenter business and generated another quarter of good CATV results. However, they were notified of some inventory build-up with certain CATV customers which is expected to negatively impact Q2 revenue.

  • Gross margin continued to improve in Q1 2023.
  • Demand for 100G products in the datacenter business showed improvement.
  • CATV results remained strong for the quarter.
  • Inventory build-up with certain CATV customers is expected to negatively impact Q2 revenue.

Headline financials

Total Revenue

$53M

Previous: $52.2M+1.5%
EPS (adj)

-$0.25

Previous: -$0.29+13.8%
Capital Expenditures

-$575K

Previous: -$1.02M+43.7%
Free Cash Flow

-$16.9M

Previous: -$17.1M+1.3%
Net Income

-$16.3M

Previous: -$16.1M-1.4%
Operating Income

-$14.2M

Previous: -$14.2M+0.5%
Gross Profit

$9.24M

Previous: $9.03M+2.4%
Cash & Equivalents

$16.1M

Previous: $32M-49.6%
Total Assets

$384M

Previous: $447M-14.1%
Stock-Based Comp

$2.29M

Previous: $2.47M-7.4%

Revenue & EPS history

Applied Optoelectronics · Revenue · Quarterly

$53M

Q1 2023+1.5%vs Q1 2022
Beat estimate in 1 of 15 quarters(7%)
ActualEstimate

Revenue by segment

Applied Optoelectronics · $24.5M total across 1 segment · Q1 2021

  • CATV
    $24.5M

Forward guidance

For the second quarter of 2023, the company provided forward-looking statements regarding their expectations.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+0.0%

Avg return

Earnings day

+3.5%

Avg return

5 days after

+9.6%

Avg return

30 days after

43%

24 / 56 earnings

Positive

+71.3%

Q3 2024

Best reaction

-30.9%

Q2 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-11.8%+5.3%-0.9%
Q4 2025+56.9%+85.7%+82.9%
Q3 2025-1.9%-17.7%-8.6%
Q1 2025-0.5%+29.5%+14.0%
Q4 2024-4.6%-28.0%-35.0%
Q3 2024+71.3%+76.1%+139.9%
Q2 2024-1.4%+11.0%+75.6%
Q1 2024-5.6%+3.0%-2.6%
Q4 2023-26.3%-19.6%-23.5%
Q3 2023-4.9%+24.7%+100.6%
Q2 2023+49.0%+65.0%+88.6%
Q1 2023-7.0%+0.6%+26.8%
Q4 2022-7.4%-0.4%-14.5%
Q3 2022-19.7%-17.0%-10.4%
Q2 2022-3.1%-4.2%+18.2%
Q1 2022-11.2%-20.0%-21.1%
Q4 2021-10.2%-5.7%-14.8%
Q3 2021-30.0%-31.3%-35.5%
Q2 2021-7.3%-7.7%+0.1%
Q1 2021+7.5%+4.3%+19.7%
Q4 2020-19.7%-25.7%-28.6%
Q3 2020-15.2%-18.4%-6.8%
Q2 2020-1.9%-15.8%-34.7%
Q1 2020-5.5%-13.9%-7.4%
Q4 2019-12.3%-7.7%-26.5%
Q3 2019-5.6%+7.2%-8.5%
Q2 2019+7.7%-3.7%+1.8%
Q1 2019-9.5%-15.9%-21.4%
Q4 2018+5.5%+13.1%-13.0%
Q3 2018+6.9%-3.3%-5.7%
Q2 2018+5.0%+9.0%-17.3%
Q1 2018-4.1%-5.5%+33.7%
Q4 2017-17.5%-16.0%-23.9%
Q3 2017+15.4%+19.8%+2.8%
Q2 2017-30.9%-23.9%-36.9%
Q1 2017+20.4%+33.7%+60.7%
Q4 2016+23.9%+23.7%+48.2%
Q3 2016+7.7%+13.2%+15.8%
Q2 2016+20.5%+13.9%+42.7%
Q1 2016-19.6%
Q4 2015+2.7%
Q3 2015-3.7%
Q2 2015+11.9%
Q1 2015+10.9%
Q4 2014+14.2%
Q3 2014-25.4%
Q2 2014-1.3%
Q1 2013-1.8%
Q1 2014-12.1%
Q2 2013+0.6%
Q1 2012+0.6%
Q4 2013+0.6%
Q2 2012+0.6%
Q3 2013+0.3%
Q3 2012+0.3%
Q4 2012+0.3%

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