2023 Q2 Form 10-Q Financial Statement

#000143774923012594 Filed on May 04, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $41.62M $53.03M $52.24M
YoY Change -20.43% 1.51% 5.11%
Cost Of Revenue $33.72M $43.79M $43.22M
YoY Change -22.79% 1.32% 10.86%
Gross Profit $7.898M $9.244M $9.025M
YoY Change -8.46% 2.43% -15.8%
Gross Profit Margin 18.98% 17.43% 17.28%
Selling, General & Admin $15.22M $14.88M $13.78M
YoY Change 15.33% 7.96% -0.37%
% of Gross Profit 192.74% 160.92% 152.66%
Research & Development $8.640M $8.536M $9.486M
YoY Change 3.75% -10.01% -13.2%
% of Gross Profit 109.39% 92.34% 105.11%
Depreciation & Amortization $5.000M $5.200M $6.000M
YoY Change -12.28% -13.33% -4.76%
% of Gross Profit 63.31% 56.25% 66.48%
Operating Expenses $23.86M $23.41M $23.26M
YoY Change 10.85% 0.63% -6.03%
Operating Profit -$15.97M -$14.17M -$14.24M
YoY Change 23.77% -0.51% 1.43%
Interest Expense $2.175M $2.137M $1.401M
YoY Change 54.47% 52.53% -2.1%
% of Operating Profit
Other Income/Expense, Net -$971.0K -$2.125M -$1.823M
YoY Change -37.64% 16.57% 15.09%
Pretax Income -$16.94M -$16.29M -$16.06M
YoY Change 17.16% 1.43% 2.82%
Income Tax $8.000K $0.00 $0.00
% Of Pretax Income
Net Earnings -$16.94M -$16.29M -$16.06M
YoY Change 17.21% 1.43% 2.82%
Net Earnings / Revenue -40.72% -30.72% -30.75%
Basic Earnings Per Share -$0.57 -$0.56 -$0.58
Diluted Earnings Per Share -$0.57 -$0.56 -$0.58
COMMON SHARES
Basic Shares Outstanding 29.20M 28.97M 27.46M
Diluted Shares Outstanding 29.49M 28.87M 27.46M

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $21.58M $16.10M $31.98M
YoY Change -35.91% -49.65% -29.71%
Cash & Equivalents $21.58M $16.10M $31.98M
Short-Term Investments
Other Short-Term Assets $13.27M $17.36M $13.84M
YoY Change 0.37% 25.46% 52.08%
Inventory $66.32M $70.19M $92.01M
Prepaid Expenses
Receivables $42.60M $56.80M $54.22M
Other Receivables $782.0K $1.079M $1.195M
Total Short-Term Assets $144.5M $161.5M $193.2M
YoY Change -25.65% -16.41% -7.92%
LONG-TERM ASSETS
Property, Plant & Equipment $197.9M $207.2M $236.8M
YoY Change -11.8% -12.5% -4.64%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $531.0K $519.0K $428.0K
YoY Change 2.12% 21.26% -53.22%
Total Long-Term Assets $212.3M $222.0M $253.5M
YoY Change -11.65% -12.42% -4.88%
TOTAL ASSETS
Total Short-Term Assets $144.5M $161.5M $193.2M
Total Long-Term Assets $212.3M $222.0M $253.5M
Total Assets $356.9M $383.6M $446.8M
YoY Change -17.91% -14.15% -6.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $35.11M $38.42M $40.04M
YoY Change -33.12% -4.06% 52.83%
Accrued Expenses $14.70M $13.51M $13.24M
YoY Change 18.18% 2.02% -5.64%
Deferred Revenue $10.72M $200.0K $423.0K
YoY Change 1598.89% -52.72% -25.27%
Short-Term Debt $8.637M $19.20M $9.955M
YoY Change -15.93% 92.83% 58.02%
Long-Term Debt Due $37.28M $50.92M $52.23M
YoY Change -30.41% -2.51% 2.81%
Total Short-Term Liabilities $187.5M $205.6M $116.5M
YoY Change 44.41% 76.44% 18.41%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $5.000M
YoY Change -100.0% -63.47%
Other Long-Term Liabilities $6.148M $5.307M $6.699M
YoY Change -0.87% -20.78% -13.0%
Total Long-Term Liabilities $0.00 $0.00 $5.000M
YoY Change -100.0% -63.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $187.5M $205.6M $116.5M
Total Long-Term Liabilities $0.00 $0.00 $5.000M
Total Liabilities $193.6M $210.9M $207.2M
YoY Change -10.01% 1.8% 4.69%
SHAREHOLDERS EQUITY
Retained Earnings -$242.3M -$225.4M -$158.7M
YoY Change 39.91% 41.98% 52.44%
Common Stock $32.00K $29.00K $27.00K
YoY Change 14.29% 7.41% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $163.3M $172.6M $239.6M
YoY Change
Total Liabilities & Shareholders Equity $356.9M $383.6M $446.8M
YoY Change -17.91% -14.15% -6.22%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income -$16.94M -$16.29M -$16.06M
YoY Change 17.21% 1.43% 2.82%
Depreciation, Depletion And Amortization $5.000M $5.200M $6.000M
YoY Change -12.28% -13.33% -4.76%
Cash From Operating Activities $15.26M -$9.390M -$3.603M
YoY Change 577.23% 160.62% -76.32%
INVESTING ACTIVITIES
Capital Expenditures $1.023M $575.0K $1.022M
YoY Change -231.49% -43.74% -53.8%
Acquisitions
YoY Change
Other Investing Activities -$104.0K -$95.00K $85.00K
YoY Change -42.54% -211.76% -170.83%
Cash From Investing Activities -$1.127M -$783.0K -$1.051M
YoY Change 17.52% -25.5% -56.61%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -12.87M $1.088M $3.736M
YoY Change 642.45% -70.88% -78.62%
NET CHANGE
Cash From Operating Activities 15.26M -$9.390M -$3.603M
Cash From Investing Activities -1.127M -$783.0K -$1.051M
Cash From Financing Activities -12.87M $1.088M $3.736M
Net Change In Cash 1.257M -$8.639M -$1.028M
YoY Change -385.68% 740.37% 32.47%
FREE CASH FLOW
Cash From Operating Activities $15.26M -$9.390M -$3.603M
Capital Expenditures $1.023M $575.0K $1.022M
Free Cash Flow $14.24M -$9.965M -$4.625M
YoY Change 369.65% 115.46% -73.46%

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CY2022Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
39000 usd
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2290000 usd
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2472000 usd
CY2023Q1 us-gaap Unrealized Gain Loss On Foreign Currency Derivatives Net Before Tax
UnrealizedGainLossOnForeignCurrencyDerivativesNetBeforeTax
1065000 usd
CY2022Q1 us-gaap Unrealized Gain Loss On Foreign Currency Derivatives Net Before Tax
UnrealizedGainLossOnForeignCurrencyDerivativesNetBeforeTax
-997000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-4365000 usd
CY2022Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
223000 usd
CY2023Q1 us-gaap Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
742000 usd
CY2022Q1 us-gaap Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
-6986000 usd
CY2023Q1 us-gaap Increase Decrease In Prepaid Taxes
IncreaseDecreaseInPrepaidTaxes
-0 usd
CY2022Q1 us-gaap Increase Decrease In Prepaid Taxes
IncreaseDecreaseInPrepaidTaxes
-1000 usd
CY2023Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-7403000 usd
CY2022Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1978000 usd
CY2023Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
80000 usd
CY2022Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
1422000 usd
CY2023Q1 aaoi Increase Decrease In Operating Right Of Use Asset
IncreaseDecreaseInOperatingRightOfUseAsset
230000 usd
CY2022Q1 aaoi Increase Decrease In Operating Right Of Use Asset
IncreaseDecreaseInOperatingRightOfUseAsset
243000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-9427000 usd
CY2022Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-406000 usd
CY2023Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-3815000 usd
CY2022Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-2271000 usd
CY2023Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-237000 usd
CY2022Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
0 usd
CY2023Q1 aaoi Increase Decrease In Operating And Finance Lease Liability
IncreaseDecreaseInOperatingAndFinanceLeaseLiability
-257000 usd
CY2022Q1 aaoi Increase Decrease In Operating And Finance Lease Liability
IncreaseDecreaseInOperatingAndFinanceLeaseLiability
-256000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-9390000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3603000 usd
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
575000 usd
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1022000 usd
CY2023Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
65000 usd
CY2022Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
115000 usd
CY2023Q1 us-gaap Payments For Proceeds From Other Deposits
PaymentsForProceedsFromOtherDeposits
160000 usd
CY2022Q1 us-gaap Payments For Proceeds From Other Deposits
PaymentsForProceedsFromOtherDeposits
30000 usd
CY2023Q1 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
113000 usd
CY2022Q1 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
114000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-783000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1051000 usd
CY2023Q1 aaoi Repayments Of Principals On Longterm Debt And Notes Payable
RepaymentsOfPrincipalsOnLongtermDebtAndNotesPayable
-0 usd
CY2022Q1 aaoi Repayments Of Principals On Longterm Debt And Notes Payable
RepaymentsOfPrincipalsOnLongtermDebtAndNotesPayable
170000 usd
CY2023Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
19482000 usd
CY2022Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
41395000 usd
CY2023Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
25402000 usd
CY2022Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
39062000 usd
CY2023Q1 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
18974000 usd
CY2022Q1 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
9686000 usd
CY2023Q1 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
12293000 usd
CY2022Q1 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
7968000 usd
CY2023Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
5000 usd
CY2022Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
5000 usd
CY2023Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
75000 usd
CY2022Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
140000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
407000 usd
CY2022Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1088000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3736000 usd
CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
446000 usd
CY2022Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-110000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-8639000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1028000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
35587000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
41136000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
26948000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
40108000 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
2304000 usd
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
2406000 usd
CY2023Q1 aaoi Increase Decrease In Accounts Payable Related To Property And Equipment Additions
IncreaseDecreaseInAccountsPayableRelatedToPropertyAndEquipmentAdditions
-20000 usd
CY2022Q1 aaoi Increase Decrease In Accounts Payable Related To Property And Equipment Additions
IncreaseDecreaseInAccountsPayableRelatedToPropertyAndEquipmentAdditions
19000 usd
CY2023Q1 aaoi Increase Decrease In Deposits And Prepaid For Equipment Related To Property And Equipment Additions
IncreaseDecreaseInDepositsAndPrepaidForEquipmentRelatedToPropertyAndEquipmentAdditions
-93000 usd
CY2022Q1 aaoi Increase Decrease In Deposits And Prepaid For Equipment Related To Property And Equipment Additions
IncreaseDecreaseInDepositsAndPrepaidForEquipmentRelatedToPropertyAndEquipmentAdditions
13000 usd
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0322 pure
CY2023Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0500 pure
CY2022Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0500 pure
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
309000 usd
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
314000 usd
CY2023Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
1000 usd
CY2022Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
1000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
53030000 usd
CY2023Q1 aaoi Percentage Of Revenue
PercentageOfRevenue
1.000 pure
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
52242000 usd
CY2022Q1 aaoi Percentage Of Revenue
PercentageOfRevenue
1.000 pure
CY2023Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
282000 usd
CY2022Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
306000 usd
CY2023Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
8000 usd
CY2022Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
8000 usd
CY2023Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
3000 usd
CY2022Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
3000 usd
CY2023Q1 us-gaap Lease Cost
LeaseCost
293000 usd
CY2022Q1 us-gaap Lease Cost
LeaseCost
317000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
1221000 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Due In Next Rolling Twelve Months
FinanceLeaseLiabilityPaymentsDueInNextRollingTwelveMonths
60000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
1136000 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Due In Rolling Year Two
FinanceLeaseLiabilityPaymentsDueInRollingYearTwo
0 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
1151000 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Due In Rolling Year Three
FinanceLeaseLiabilityPaymentsDueInRollingYearThree
0 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
1076000 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Due In Rolling Year Four
FinanceLeaseLiabilityPaymentsDueInRollingYearFour
0 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
1099000 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Due In Rolling Year Five
FinanceLeaseLiabilityPaymentsDueInRollingYearFive
0 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
1289000 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Due In Rolling After Year Five
FinanceLeaseLiabilityPaymentsDueInRollingAfterYearFive
0 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
6971000 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
60000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
629000 usd
CY2023Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
2000 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
6342000 usd
CY2023Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
58000 usd
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y11M15D
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y10M28D
CY2023Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P0Y6M29D
CY2022Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y6M29D
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0320 pure
CY2023Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
5000 usd
CY2022Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
5000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
16103000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
24685000 usd
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
10845000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
10902000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26948000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
35587000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-16292000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-16062000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28872000
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27463000
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28872000
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27463000
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.56
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.58
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.56
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.58
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5045000
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4587000
CY2022Q1 aaoi Bank Acceptances Executed And Outstanding Current
BankAcceptancesExecutedAndOutstandingCurrent
12337000 usd
CY2023Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
21315000 usd
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
25732000 usd
CY2023Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
33614000 usd
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
39563000 usd
CY2023Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
15257000 usd
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
14384000 usd
CY2023Q1 us-gaap Inventory Net
InventoryNet
70186000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
79679000 usd
CY2023Q1 us-gaap Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
2600000 usd
CY2022Q1 us-gaap Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
2000000.0 usd
CY2023Q1 us-gaap Inventory Write Down
InventoryWriteDown
3800000 usd
CY2022Q1 us-gaap Inventory Write Down
InventoryWriteDown
1000000.0 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
358522000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
356168000 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
183003000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
177519000 usd
CY2023Q1 aaoi Property Pant And Equipment Net Before Construction In Progress And Land
PropertyPantAndEquipmentNetBeforeConstructionInProgressAndLand
175519000 usd
CY2022Q4 aaoi Property Pant And Equipment Net Before Construction In Progress And Land
PropertyPantAndEquipmentNetBeforeConstructionInProgressAndLand
178649000 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
207171000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
210184000 usd
CY2023Q1 us-gaap Depreciation
Depreciation
5200000 usd
CY2022Q1 us-gaap Depreciation
Depreciation
6000000.0 usd
CY2023Q1 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
0 usd
CY2022Q1 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
100000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
9171000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5516000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3655000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
9050000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5351000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3699000 usd
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
200000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P5Y8M12D
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextRollingTwelveMonths
477000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo
636000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree
636000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFour
636000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFive
636000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingAfterYearFive
634000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3655000 usd
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
51994000 usd
CY2022Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
58242000 usd
CY2023Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1073000 usd
CY2022Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1168000 usd
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
50921000 usd
CY2022Q1 us-gaap Long Term Debt
LongTermDebt
57074000 usd
CY2023Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
50921000 usd
CY2022Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
57074000 usd
CY2023Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
0 usd
CY2022Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
0 usd
CY2023Q1 aaoi Bank Acceptances Executed And Outstanding Current
BankAcceptancesExecutedAndOutstandingCurrent
19196000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Rolling Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths
50921000 usd
CY2023Q1 aaoi Longterm Debt Maturities Repayments Of Principal After Next Rolling Twelve Months
LongtermDebtMaturitiesRepaymentsOfPrincipalAfterNextRollingTwelveMonths
0 usd
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
50921000 usd
CY2023Q1 us-gaap Debt Instrument Unused Borrowing Capacity Amount
DebtInstrumentUnusedBorrowingCapacityAmount
19400000 usd
CY2022Q4 us-gaap Debt Instrument Unused Borrowing Capacity Amount
DebtInstrumentUnusedBorrowingCapacityAmount
13300000 usd
CY2023Q1 us-gaap Cash Collateral For Borrowed Securities
CashCollateralForBorrowedSecurities
9400000 usd
CY2022Q4 us-gaap Cash Collateral For Borrowed Securities
CashCollateralForBorrowedSecurities
9900000 usd
CY2023Q1 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
6952000 usd
CY2022Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
9702000 usd
CY2023Q1 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
3208000 usd
CY2022Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
3265000 usd
CY2023Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
570000 usd
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
588000 usd
CY2023Q1 aaoi Accrued Interest Current
AccruedInterestCurrent
635000 usd
CY2022Q4 aaoi Accrued Interest Current
AccruedInterestCurrent
1597000 usd
CY2023Q1 aaoi Accrued Shipping And Tariff Expenses
AccruedShippingAndTariffExpenses
2000 usd
CY2022Q4 aaoi Accrued Shipping And Tariff Expenses
AccruedShippingAndTariffExpenses
0 usd
CY2023Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
200000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
216000 usd
CY2023Q1 us-gaap Accrued Liabilities For Commissions Expense And Taxes
AccruedLiabilitiesForCommissionsExpenseAndTaxes
940000 usd
CY2022Q4 us-gaap Accrued Liabilities For Commissions Expense And Taxes
AccruedLiabilitiesForCommissionsExpenseAndTaxes
937000 usd
CY2023Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
207000 usd
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
409000 usd
CY2023Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
125000 usd
CY2022Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
140000 usd
CY2023Q1 aaoi Accrued Capital Expenditures Current
AccruedCapitalExpendituresCurrent
20000 usd
CY2022Q4 aaoi Accrued Capital Expenditures Current
AccruedCapitalExpendituresCurrent
0 usd
CY2023Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
646000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
368000 usd
CY2023Q1 aaoi Accrued Liabilities Including Deferred Revenue Current
AccruedLiabilitiesIncludingDeferredRevenueCurrent
13505000 usd
CY2022Q4 aaoi Accrued Liabilities Including Deferred Revenue Current
AccruedLiabilitiesIncludingDeferredRevenueCurrent
17222000 usd
CY2023Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-237000 usd
CY2022Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-523000 usd
CY2023Q1 aaoi Government Subsidy Income
GovernmentSubsidyIncome
118000 usd
CY2022Q1 aaoi Government Subsidy Income
GovernmentSubsidyIncome
18000 usd
CY2023Q1 us-gaap Other Nonoperating Gains Losses
OtherNonoperatingGainsLosses
101000 usd
CY2022Q1 us-gaap Other Nonoperating Gains Losses
OtherNonoperatingGainsLosses
16000 usd
CY2023Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-3000 usd
CY2022Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
39000 usd
CY2023Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-21000 usd
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-450000 usd
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
263000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
10.41
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
5.45
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P0Y8M15D
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 usd
CY2023Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
-0
CY2023Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
0
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
0 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
34000
CY2023Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
7.50
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
4.73
CY2023Q1 aaoi Sharebased Compensation Arrangement By Sharebased Payment Award Options Forfeitures Intrinsic Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsForfeituresIntrinsicValue
0 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
229000
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
10.84
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
5.56
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P0Y6M25D
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
229000
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
10.84
CY2023Q1 aaoi Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageGrantDateFairValue
5.56
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P0Y6M25D
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
229000
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
10.84
CY2023Q1 aaoi Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestWeightedAverageGrantDateFairValue
5.56
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P0Y6M25D
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
0 usd
CY2023Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
0 usd
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2290000 usd
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2472000 usd
CY2023Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 pure
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
53030000 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
52242000 usd
CY2023Q1 us-gaap Noncurrent Assets
NoncurrentAssets
221504000 usd
CY2022Q4 us-gaap Noncurrent Assets
NoncurrentAssets
224713000 usd

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