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Applied Optoelectronics | 10-Q: Q2 2024 Earnings Report

Applied Optoelectronics | 10-Q: Q2 2024 Earnings Report

Applied Optoelectronics | 10-Q：2024财年二季报
美股SEC公告 ·  2024/08/07 10:16

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Applied Optoelectronics reported Q2 2024 revenue of $43.3 million, up 4% year-over-year, driven by strong data center sales of $34.4 million which increased 25%. However, the company posted a net loss of $26.1 million compared to a $16.9 million loss last year, while gross margin improved to 22.1% from 19.0%.Operating expenses rose 50% to $35.8 million, primarily due to increased R&D investments and higher personnel costs. The data center segment now represents 79.4% of total revenue, while CATV revenue declined 37.7% to $5.8 million amid a technology transition from DOCSIS 3.1 to 4.0 standards. The company maintained $16.1 million in cash and equivalents.Management highlighted growing demand for 400G data center products from several large customers, including new orders from a returning hyperscale customer. The company expects increased data center demand through 2024, driven by artificial intelligence applications. To strengthen its financial position, the company raised $20.5 million through an ATM offering in Q2.
Applied Optoelectronics reported Q2 2024 revenue of $43.3 million, up 4% year-over-year, driven by strong data center sales of $34.4 million which increased 25%. However, the company posted a net loss of $26.1 million compared to a $16.9 million loss last year, while gross margin improved to 22.1% from 19.0%.Operating expenses rose 50% to $35.8 million, primarily due to increased R&D investments and higher personnel costs. The data center segment now represents 79.4% of total revenue, while CATV revenue declined 37.7% to $5.8 million amid a technology transition from DOCSIS 3.1 to 4.0 standards. The company maintained $16.1 million in cash and equivalents.Management highlighted growing demand for 400G data center products from several large customers, including new orders from a returning hyperscale customer. The company expects increased data center demand through 2024, driven by artificial intelligence applications. To strengthen its financial position, the company raised $20.5 million through an ATM offering in Q2.
Applied Optoelectronics公布2024年第二季度营业收入为4330万美元，同比增长4%，主要受益于数据中心销售强劲，同比增长25%的3440万美元。然而，公司净亏损为2610万美元，相较于去年亏损1690万美元，毛利率从19.0%改善至22.1%。营业费用增加50%，达到3580万美元，主要是由于研发投资和人员成本的上升。数据中心业务目前占总营业收入的79.4%，而CATV营业收入在技术过渡从DOCSIS 3.1到4.0标准中下降了37.7%，降至580万美元。公司保持现金及现金等价物为1610万美元。管理层强调，多个大型客户对400G数据中心产品的需求不断增长，包括来自一位回归的超大规模客户的新订单。公司预计到2024年，受人工智能应用推动，数据中心需求将进一步增加。为了增强财务状况，公司在第二季度通过ATM发售筹集了2050万美元。
Applied Optoelectronics公布2024年第二季度营业收入为4330万美元，同比增长4%，主要受益于数据中心销售强劲，同比增长25%的3440万美元。然而，公司净亏损为2610万美元，相较于去年亏损1690万美元，毛利率从19.0%改善至22.1%。营业费用增加50%，达到3580万美元，主要是由于研发投资和人员成本的上升。数据中心业务目前占总营业收入的79.4%，而CATV营业收入在技术过渡从DOCSIS 3.1到4.0标准中下降了37.7%，降至580万美元。公司保持现金及现金等价物为1610万美元。管理层强调，多个大型客户对400G数据中心产品的需求不断增长，包括来自一位回归的超大规模客户的新订单。公司预计到2024年，受人工智能应用推动，数据中心需求将进一步增加。为了增强财务状况，公司在第二季度通过ATM发售筹集了2050万美元。
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