Applied Optoelectronics Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Applied Optoelectronics (NASDAQ:AAOI) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$65.2m (up 4.2% from 3Q 2023).
• Net loss: US$17.8m (loss widened by 98% from 3Q 2023).
• US$0.42 loss per share (further deteriorated from US$0.27 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Applied Optoelectronics Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) missed analyst estimates by 35%.

Looking ahead, revenue is forecast to grow 51% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Communications industry in the US.

Performance of the American Communications industry.

The company's shares are up 65% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Applied Optoelectronics (1 is a bit concerning!) that you need to be mindful of.

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