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Applied Optoelectronics Reports Fourth Quarter and Full Year 2024 Results
AAOIApplied Optoelectronics(AAOI) GlobeNewswire News Room·2025-02-26 21:10

Core Insights - Applied Optoelectronics, Inc. (AOI) reported strong financial results for Q4 and full year 2024, driven by growth in datacenter and CATV businesses [2][3] - The company anticipates continued demand growth and plans to ramp up production capabilities to meet this demand [2][6] Financial Performance - Q4 2024 revenue reached 100.3million,asignificantincreasefrom100.3 million, a significant increase from 60.5 million in Q4 2023 and 65.2millioninQ32024[6]−Fullyear2024revenuewas65.2 million in Q3 2024 [6] - Full year 2024 revenue was 249.4 million, compared to 217.6millionin2023,markingayear−over−yeargrowthof14217.6 million in 2023, marking a year-over-year growth of 14% [6] - Q4 2024 gross margin was 28.7%, down from 35.7% in Q4 2023, while full year gross margin was 24.8%, compared to 27.1% in 2023 [6] - The company reported a net loss of 119.7 million in Q4 2024, compared to a net loss of 13.9millioninQ42023,andafullyearnetlossof13.9 million in Q4 2023, and a full year net loss of 186.7 million, up from 56.0millionin2023[6][21]BusinessSegments−DatacenterrevenueforQ42024was56.0 million in 2023 [6][21] Business Segments - Datacenter revenue for Q4 2024 was 44.2 million, slightly down from 44.5millioninQ42023,whilefullyearrevenueincreasedto44.5 million in Q4 2023, while full year revenue increased to 148.5 million from 141.2million[21]−CATVrevenuesurgedto141.2 million [21] - CATV revenue surged to 52.2 million in Q4 2024, more than doubling from 12.6millioninQ42023,withfullyearrevenueat12.6 million in Q4 2023, with full year revenue at 87.7 million compared to 59.9millionin2023[21]−TelecomrevenueforQ42024was59.9 million in 2023 [21] - Telecom revenue for Q4 2024 was 3.5 million, up from 2.8millioninQ42023,whileFTTHrevenueremainedminimalat2.8 million in Q4 2023, while FTTH revenue remained minimal at 3, down from 56inthepreviousyear[21]FutureOutlook−ForQ12025,AOIexpectsrevenueintherangeof56 in the previous year [21] Future Outlook - For Q1 2025, AOI expects revenue in the range of 94 million to $104 million, with non-GAAP gross margin projected between 29% and 30.5% [11] - The company plans to invest significantly in capital expenditures to enhance datacenter product production capabilities in 2025 [2][6]