APPLIED OPTOELECTRONICS INC
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 28, 2025
AAOI$52.10+3.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(in thousands except the par value)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current Assets | ||
| Cash and cash equivalents | $67,428 | $45,366 |
| Restricted cash | 11,705 | 9,731 |
| Accounts receivable - trade, net of allowance of $1 and $3, respectively | 116,801 | 48,071 |
| Notes receivable | — | 219 |
| Inventories | 88,135 | 63,866 |
| Prepaid income tax | 4 | 3 |
| Prepaid expenses and other current assets | 17,195 | 5,349 |
| Total current assets | 301,268 | 172,605 |
| Property, plant and equipment, net | 219,235 | 200,317 |
| Land use rights, net | 4,837 | 5,030 |
| Operating right of use asset | 9,646 | 5,026 |
| Intangible assets, net | 3,680 | 3,628 |
| Other assets, net | 8,366 | 2,580 |
| TOTAL ASSETS | $547,032 | $389,186 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities | ||
| Accounts payable | $104,969 | $32,892 |
| Bank acceptance payable | 19,259 | 15,482 |
| Accrued liabilities | 22,091 | 18,549 |
| Unearned revenue | — | 1,803 |
| Current lease liability - operating | 1,380 | 1,149 |
| Current portion of notes payable and long-term debt | 22,370 | 23,197 |
| Current portion of convertible senior notes | — | 286 |
| Total current liabilities | 170,069 | 93,358 |
| Convertible senior notes | 134,497 | 76,233 |
| Non-current lease liability - operating | 9,041 | 4,726 |
| Notes payable and long-term debt, less current portion | 4,313 | — |
| TOTAL LIABILITIES | 317,920 | 174,317 |
| Commitments and contingencies ( Note T) | ||
| Stockholders' equity: | ||
| Preferred Stock; 5,000 shares authorized at $0.001 par value; no shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively | — | — |
| Common Stock; 80,000 shares authorized at $0.001 par value; 49,393 and 38,148 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively | 49 | 38 |
| Additional paid-in capital | 683,462 | 478,972 |
| Accumulated other comprehensive income (loss) | (2,548) | 975 |
| Accumulated deficit | (451,851) | (265,116) |
| TOTAL STOCKHOLDERS' EQUITY | 229,112 | 214,869 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $547,032 | $389,186 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.