Applied Optoelectronics Set To Benefit From Increased Demand In AI Applications (AAOI) -LSB

Garima
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Applied optoelectronics (NASDAQ:AAOI) reported improved financial performance for Q3-2023 and the company’s stock price has been on a one-year upward trend, gaining 900% over 12 months and 1000% YTD. Latest coverage on Looking for Alpha values ​​the stock as

Amounts in millions of US dollars

T3-2023

T2-2023

Q1-2023

Q4-2022

Q3-2022

Income

62.5

41.6

53.0

61.6

56.7

Cost of Revenue

42.4

33.7

43.8

55.4

46.9

Gross profit

20.2

7.9

9.2

6.2

9.7

Total operating expenses

26.9

23.9

23.4

24.6

23.2

Operating income

(6.7)

(16.0)

(14.2)

(18.4)

(13.5)

Net income

(9.0)

(16.9)

(16.3)

(20.3)

(15.6)

Cash & ST Investments

21.9

21.6

16.1

24.7

26.3

Accounts receivable

60.8

42.6

56.8

61.2

52.8

Total current assets

164.4

144.5

161.5

183.2

187.8

Total non-current assets

373.8

356.9

383.6

408.3

414.3

Accounts Payable

34.9

35.1

38.4

47.8

52.3

Total Current Liabilities

188.2

187.5

205.6

138.6

130.9

Total Long Term Liabilities

195.4

193.6

210.9

223.6

215.8

Unlevered free cash flow

(18.0)

25.5

(2.4)

1.8

(2.3)

CURRENT

T3-2023

T2-2023

Q1-2023

Q4-2022

Q3-2022

PRICE

20.90

10.97

5.96

2.21

1.89

2.72

Total enterprise value (MM)

862.23

476.27

314.13

195.05

178.69

192.40

Market cap (MM)

752.46

365.77

174.01

64,21

53.91

75,84

NTM Total EV / Revenue

2.75x

1.75x

1.55x

0.80x

0.71x

0.79x

Book value / Dividend

5.20

5.14

5.94

6.45

7.08

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