Applied Optoelectronics Financials

$117.4 M

Revenue Q2, 2017

$653.3 M

Mkt cap, 16-Feb-2018
Gross profit (Q2, 2017)53.3 M
Gross profit margin (Q2, 2017), %45%
Net income (Q2, 2017)29.1 M
EBIT (Q2, 2017)34.3 M
Cash, 30-Jun-201774.8 M

Financials

Market Value

Revenue/Financials

Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

78.4 m130.4 m189.9 m260.7 m

Revenue growth, %

66%46%37%

Cost of goods sold

55.4 m86.2 m129.5 m173.8 m

Gross profit

23 m44.2 m60.5 m87 m

Gross profit Margin, %

29%34%32%33%

EBIT

(307 k)5.1 m13.4 m23 m

EBIT margin, %

(0%)4%7%9%

Interest expense

1.1 m326 k1 m1.7 m

Interest income

369 k328 k247 k

Pre tax profit

(1.4 m)4.5 m11.2 m21 m

Income tax expense

(199 k)(375 k)10.2 m

Net Income

(1.4 m)4.3 m10.8 m31.2 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

20.8 m24.9 m32.7 m36.5 m30.2 m49.6 m57.1 m50.4 m55.3 m70.1 m96.2 m117.4 m

Cost of goods sold

14.4 m16.2 m21.5 m24.4 m20.2 m32.9 m39 m36.2 m38 m47 m54.8 m64.1 m

Gross profit

6.3 m8.7 m11.2 m12.1 m10.1 m16.7 m18.1 m14.3 m17.3 m23.2 m41.5 m53.3 m

Gross profit Margin, %

30%35%34%33%33%34%32%28%31%33%43%45%

Sales and marketing expense

1 m1.3 m1.5 m1.6 m1.6 m1.6 m1.6 m1.7 m1.6 m1.6 m1.9 m2.2 m

R&D expense

2.2 m3.5 m4 m4.2 m4.8 m4.7 m5.4 m8.4 m7.8 m8.4 m7.4 m8.1 m

General and administrative expense

2.4 m3.6 m4 m4.5 m5 m4.5 m5 m5.7 m5.9 m6.4 m7.8 m8.8 m

Operating expense total

5.7 m8.4 m9.5 m10.3 m11.4 m10.8 m11.9 m15.8 m15.3 m16.4 m17.2 m19 m

EBIT

640 k220 k1.7 m1.9 m(1.3 m)5.9 m6.1 m(1.6 m)2 m6.8 m24.3 m34.3 m

EBIT margin, %

3%1%5%5%(4%)12%11%(3%)4%10%25%29%

Interest expense

323 k162 k60 k55 k125 k300 k351 k401 k450 k462 k299 k245 k

Interest income

79 k106 k95 k74 k80 k82 k101 k65 k40 k35 k70 k

Pre tax profit

390 k110 k2 m1.7 m(675 k)6.2 m3.1 m(1.5 m)655 k6.4 m23.4 m34.2 m

Income tax expense

(25 k)(85 k)(77 k)(135 k)(406 k)192 k(52 k)11.3 m(3.7 m)(5.1 m)

Net Income

390 k85 k1.9 m1.6 m(675 k)6.1 m2.7 m(1.3 m)603 k17.7 m19.8 m29.1 m

Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

22 m32.2 m28.1 m50.2 m

Inventories

19.6 m33.8 m66.2 m51.8 m

Current Assets

77.9 m113.2 m153.9 m157.6 m

Total Assets

111.1 m183.7 m273.5 m322.3 m

Accounts Payable

15 m30.8 m28.7 m36.4 m

Current Liabilities

39.1 m48.6 m74.1 m60 m

Total Liabilities

94.9 m

Additional Paid-in Capital

144 m192.1 m233.3 m265.3 m

Retained Earnings

(83.3 m)(79 m)(68.2 m)(37 m)

Total Equity

63.1 m115 m165.4 m227.4 m

Financial Leverage

1.8 x1.6 x1.7 x1.4 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

7.3 m52.4 m34.1 m37 m9.9 m28.4 m37.6 m45.5 m42.3 m55.9 m59.7 m74.8 m

Inventories

16.4 m23.9 m31.2 m33.1 m43.6 m52.5 m60.2 m60.3 m59.8 m54.9 m57.5 m59.7 m

Current Assets

45.6 m114.4 m106.1 m110.9 m101.1 m132.6 m160.2 m160.5 m153.7 m164.2 m194.2 m218.5 m

PP&E

27.1 m35.3 m41.7 m51.3 m69.5 m79 m87.8 m123.7 m136.8 m140.5 m

Total Assets

75.9 m154.7 m153.5 m168.2 m186.2 m222.7 m256.9 m295.9 m301.4 m326.8 m367.6 m407 m

Accounts Payable

11.3 m17.1 m22.6 m22.6 m25.3 m29.8 m31.5 m25.1 m33.1 m32.4 m48.3 m53.3 m

Short-term debt

31 m20.8 m

Current Liabilities

30 m39.9 m40.2 m39.1 m51.8 m70.8 m65.4 m77.8 m78.2 m72.1 m67.6 m76.7 m

Total Debt

31 m20.8 m

Total Liabilities

44.6 m45.5 m41.7 m54.3 m71.3 m100.8 m94 m130 m134.2 m139.3 m91.5 m99.5 m

Additional Paid-in Capital

4.8 m190.3 m190.9 m191.4 m192.7 m193.5 m232.8 m234.2 m235.3 m236.6 m288.6 m290.1 m

Retained Earnings

(82.8 m)(83.2 m)(81.3 m)(79.7 m)(79.7 m)(73.6 m)(70.9 m)(69.6 m)(69 m)(51.2 m)(16 m)13 m

Total Equity

31.3 m109.1 m111.8 m113.8 m114.9 m121.9 m162.9 m165.9 m167.2 m187.5 m276.2 m307.5 m

Financial Leverage

2.4 x1.4 x1.4 x1.5 x1.6 x1.8 x1.6 x1.8 x1.8 x1.7 x1.3 x1.3 x

Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(1.4 m)4.3 m10.8 m31.2 m

Depreciation and Amortization

3.4 m6.2 m9.4 m14.2 m

Accounts Receivable

(8.5 m)(9.7 m)(7.5 m)

Inventories

(7.5 m)(16 m)(38 m)10.2 m

Accounts Payable

8.1 m18.8 m(1.3 m)9.1 m

Cash From Operating Activities

(6.6 m)7.2 m(15.2 m)57.1 m

Cash From Investing Activities

(17.7 m)(45.4 m)(61.6 m)(41.5 m)

Cash From Financing Activities

35.4 m47.3 m73.1 m4.6 m

Interest Paid

1.1 m329 k1.1 m1.7 m

Income Taxes Paid

1 k148 k650 k(12 k)

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

390 k85 k1.9 m1.6 m(675 k)5.4 m8.1 m(1.3 m)(727 k)17 m19.8 m48.9 m

Depreciation and Amortization

4.3 m6.7 m3 m6.2 m9.9 m4.3 m8.9 m

Accounts Receivable

(1.2 m)(9.8 m)3.9 m(2.8 m)(5.4 m)

Inventories

31.2 m33.1 m43.6 m(19.7 m)(30.6 m)6.2 m4.7 m9.4 m(4.3 m)(6.4 m)

Accounts Payable

22.6 m22.6 m25.3 m(1.1 m)1.7 m(3.6 m)4.9 m3.9 m10.2 m17.5 m

Cash From Operating Activities

(10.6 m)(19.9 m)8.9 m22.1 m28.4 m9.7 m49.9 m

Cash From Investing Activities

(23.2 m)(35.7 m)(17.7 m)(26.4 m)(31.9 m)(8.9 m)(30.6 m)

Cash From Financing Activities

30.9 m59 m26.5 m18.4 m26.6 m7.7 m5.6 m

Interest Paid

462 k843 k225 k539 k

Income Taxes Paid

(25 k)(85 k)(77 k)117 k117 k1 k(12 k)2.2 m

Ratios

Y, 2017

Financial Leverage

1.3 x

Operating Metrics

FY, 2014FY, 2015FY, 2016Jun, 2017

Patents (US)

667490

Patents (foreign)

86104120

25 Gbps Laser Diodes Distibuted

1.4 m