Applied Optoelectronics (AAOI)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	150.72 mm	150.72 mm	150.72 mm	150.72 mm	150.72 mm	150.72 mm
Cash burn (monthly)	(no burn)	(no burn)	6.06 mm	13.59 mm	9.49 mm	14.12 mm
Cash used (since last report)	n/a	n/a	14.19 mm	31.79 mm	22.20 mm	33.05 mm
Cash remaining	n/a	n/a	136.53 mm	118.92 mm	128.51 mm	117.67 mm
Runway (months of cash)	n/a	n/a	22.5	8.8	13.5	8.3

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Financial data from company earnings reports.

Institutional ownership, Q4 2024

AAOI institutional ownership history Ownership history

46.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	161	149	+8.1%
Opened positions	46	42	+9.5%
Closed positions	34	33	+3.0%
Increased positions	55	43	+27.9%
Reduced positions	37	36	+2.8%

13F shares	Current	Prev Q	Change
Total value	1.08 tn	415.84 bn	+159.3%
Total shares	31.49 mm	30.26 mm	+4.1%
Total puts	2.67 mm	1.23 mm	+117.0%
Total calls	3.06 mm	1.64 mm	+86.4%
Total put/call ratio	0.9	0.7	+16.4%

Largest owners	Shares	Value	Change
BlackRock	3.39 mm	$125.08 bn	+11.7%
Vanguard	2.43 mm	$89.55 bn	+11.0%
D. E. Shaw & Co.	2.18 mm	$80.29 bn	+1424.1%
Hampton Road Capital Management	1.85 mm	$68.25 bn	+309.5%
C Citigroup	1.37 mm	$50.52 bn	+296.6%
MS Morgan Stanley	1.16 mm	$42.76 bn	+373.4%
STT State Street	1.09 mm	$40.13 bn	+22.7%
Geode Capital Management	979.77 k	$36.12 bn	+7.7%
NMR Nomura	849.99 k	$31.33 bn	NEW
D. E. Shaw & Co	789.17 k	$0.00	0.0%

Largest transactions	Shares	Bought/sold	Change
D. E. Shaw & Co.	2.18 mm	+2.04 mm	+1424.1%
Hampton Road Capital Management	1.85 mm	+1.40 mm	+309.5%
Westfield Capital Management	0.00	-1.33 mm	EXIT
Shellback Capital	0.00	-1.25 mm	EXIT
Whale Rock Capital Management	0.00	-1.13 mm	EXIT
C Citigroup	1.37 mm	+1.03 mm	+296.6%
Driehaus Capital Management	510.59 k	-1.01 mm	-66.5%
MS Morgan Stanley	1.16 mm	+915.05 k	+373.4%
NMR Nomura	849.99 k	+849.99 k	NEW
Royce & Associates	760.69 k	-835.86 k	-52.4%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

AAOI insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
26 Nov 25	Black Richard B	Common Stock, $.001 par value	Gift	Dispose G	Yes	No	0	600	0.00	169,494
22 Oct 25	Chang Hung-Lun	Common Stock, $.001 par value	Payment of exercise	Dispose F	No	No	33.4	774	25.85 k	250,557
22 Oct 25	Chang Hung-Lun	Common Stock, $.001 par value	Payment of exercise	Dispose F	No	No	33.4	614	20.51 k	251,331
22 Oct 25	Chang Hung-Lun	Common Stock, $.001 par value	Payment of exercise	Dispose F	No	No	33.4	2,676	89.38 k	251,945
22 Oct 25	Chang Hung-Lun	Common Stock, $.001 par value	Payment of exercise	Dispose F	No	No	33.4	1,705	56.95 k	254,621
22 Oct 25	Kuo David C	Common Stock, $.001 par value	Payment of exercise	Dispose F	No	No	33.4	516	17.23 k	143,448
22 Oct 25	Kuo David C	Common Stock, $.001 par value	Payment of exercise	Dispose F	No	No	33.4	472	15.76 k	143,964
22 Oct 25	Kuo David C	Common Stock, $.001 par value	Payment of exercise	Dispose F	No	No	33.4	1,869	62.42 k	144,436
22 Oct 25	Kuo David C	Common Stock, $.001 par value	Payment of exercise	Dispose F	No	No	33.4	1,066	35.60 k	146,305
22 Oct 25	Lin Chih-Hsiang	Common Stock, $.001 par value	Payment of exercise	Dispose F	No	No	33.4	2,524	84.30 k	1,644,390