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 $100.3 million, a significant increase from $60.5 million in Q4 2023 and $65.2 million in Q3 2024 [6] - Full year 2024 revenue was $249.4 million, compared to $217.6 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 $13.9 million in Q4 2023, and a full year net loss of $186.7 million, up from $56.0 million in 2023 [6][21] Business Segments - Datacenter revenue for Q4 2024 was $44.2 million, slightly down from $44.5 million in Q4 2023, while full year revenue increased to $148.5 million from $141.2 million [21] - CATV revenue surged to $52.2 million in Q4 2024, more than doubling from $12.6 million in Q4 2023, with full year revenue at $87.7 million compared to $59.9 million in 2023 [21] - Telecom revenue for Q4 2024 was $3.5 million, up from $2.8 million in Q4 2023, while FTTH revenue remained minimal at $3, down from $56 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]
Applied Optoelectronics Reports Fourth Quarter and Full Year 2024 Results