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)	79.13 mm	79.13 mm	79.13 mm	79.13 mm	79.13 mm	79.13 mm
Cash burn (monthly)	(no burn)	(no burn)	39.90 mm	15.57 mm	8.21 mm	5.79 mm
Cash used (since last report)	n/a	n/a	83.00 mm	32.40 mm	17.07 mm	12.05 mm
Cash remaining	n/a	n/a	-3.87 mm	46.74 mm	62.06 mm	67.08 mm
Runway (months of cash)	n/a	n/a	-0.1	3.0	7.6	11.6

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Financial data from company earnings reports.

Institutional ownership, Q4 2024

AAOI institutional ownership history Ownership history

65.7% 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	35	+5.7%

13F shares	Current	Prev Q	Change
Total value	1.08 tn	415.90 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
18 Feb 25	Murry Stefan J.	Common Stock, $.001 par value	Sell	Dispose S	No	Yes	26.3412	3,000	79.02 k	198,581
22 Jan 25	Kuo David C	Common Stock, $.001 par value	Payment of exercise	Dispose F	No	No	30.15	487	14.68 k	93,066
22 Jan 25	Kuo David C	Common Stock, $.001 par value	Payment of exercise	Dispose F	No	No	30.15	1,926	58.07 k	93,553
22 Jan 25	Kuo David C	Common Stock, $.001 par value	Payment of exercise	Dispose F	No	No	30.15	1,099	33.13 k	95,479
22 Jan 25	Kuo David C	Common Stock, $.001 par value	Payment of exercise	Dispose F	No	No	30.15	921	27.77 k	96,578
22 Jan 25	Kuo David C	Common Stock, $.001 par value	Payment of exercise	Dispose F	No	No	30.15	623	18.78 k	97,499
22 Jan 25	Chang Hung-Lun	Common Stock, $.001 par value	Payment of exercise	Dispose F	No	No	30.15	632	19.05 k	188,676
22 Jan 25	Chang Hung-Lun	Common Stock, $.001 par value	Payment of exercise	Dispose F	No	No	30.15	2,758	83.15 k	189,308
22 Jan 25	Chang Hung-Lun	Common Stock, $.001 par value	Payment of exercise	Dispose F	No	No	30.15	1,758	53.00 k	192,066
22 Jan 25	Chang Hung-Lun	Common Stock, $.001 par value	Payment of exercise	Dispose F	No	No	30.15	1,472	44.38 k	193,824