Yahoo Finance Applied Optoelectronics Full Year 2023 Earnings: Misses Expectations
Applied Optoelectronics (NASDAQ:AAOI) Full Year 2023 Results
Key Financial Results
Revenue: US$217.6m (down 2.3% from FY 2022).
Net loss: US$56.0m (loss narrowed by 16% from FY 2022).
US$1.76 loss per share (improved from US$2.38 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Applied Optoelectronics Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 19%.
Looking ahead, revenue is forecast to grow 34% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Communications industry in the US.
Performance of the American Communications industry.
The company's shares are down 34% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Applied Optoelectronics (at least 1 which makes us a bit uncomfortable), and understanding them should be part of your investment process.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
