AAOI
Applied Optoelectronics, Inc.
AAOI lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover and profitability to improve, though they disagree widely on how much.
AWRE
Aware, Inc.
There isn't enough reported data to score AWRE yet.
AAOI Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Under pressure | |
| Weak | |
| Unavailable |
AAOI's revenue is currently strong, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
AWRE Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| Weak | |
| Unavailable |
AWRE's revenue, profitability and cash flow are currently under pressure. There isn't enough data to rate its balance sheet.
AAOI PE Valuation
AAOI has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 18x next year's earnings.
AWRE PE Valuation
AWRE has no meaningful PE right now: it lost money over the past year.
AAOI Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect AAOI to return to profit, with revenue growing. However, they disagree widely on these estimates.
AWRE Forward outlook
There aren't enough analyst estimates for AWRE to show an outlook.
AAOI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.98 | — |
| Q3 2026 | -$0.42 | +$3.02 |
| Q2 2026 | -$0.77 | +$2.81 |
| Q1 2026 | -$0.65 | +$3.43 |
| Q4 2025 | -$0.64 | +$3.86 |
| Q3 2025 | -$3.44 | -$1.41 |
| Q2 2025 | -$3.58 | -$1.70 |
| Q1 2025 | -$4.08 | -$2.29 |
| Q4 2024 | -$4.50 | -$2.75 |
AAOI has the edge over AWRE on earnings, with more consistent year-over-year improvement.
AWRE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.39 | -$0.13 |
| Q2 2026 | -$0.40 | -$0.13 |
| Q1 2026 | -$0.36 | -$0.12 |
| Q4 2025 | -$0.28 | -$0.07 |
| Q3 2025 | -$0.26 | +$0.10 |
| Q2 2025 | -$0.27 | -$0.02 |
| Q1 2025 | -$0.24 | +$0.09 |
| Q4 2024 | -$0.21 | +$0.14 |
AWRE is still losing money, but less than at its worst: $0.39 per share over the past year, against $0.63 at its worst in late 2020.
AAOI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $269.9M | +127% |
| Q2 2026 | $191.9M | +86% |
| Q1 2026 | $151.1M | +51% |
| Q4 2025 | $134.3M | +34% |
| Q3 2025 | $118.6M | +82% |
| Q2 2025 | $103M | +138% |
| Q1 2025 | $99.9M | +146% |
| Q4 2024 | $100.3M | +66% |
AAOI has the edge over AWRE on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -0.5% | +15 points |
| Q2 2026 | -13% | +2.6 points |
| Q1 2026 | -8.6% | +0.3 points |
| Q4 2025 | -8.6% | -2.1 points |
| Q3 2025 | -15% | +10 points |
| Q2 2025 | -16% | +45 points |
| Q1 2025 | -8.9% | +44 points |
| Q4 2024 | -6.5% | +1 points |
AAOI has the edge over AWRE on profitability, with a higher operating margin.
AWRE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.4M | -14% |
| Q2 2026 | $3.3M | -16% |
| Q1 2026 | $3.4M | -6.2% |
| Q4 2025 | $4.7M | -2.8% |
| Q3 2025 | $5.1M | +33% |
| Q2 2025 | $3.9M | -9.9% |
| Q1 2025 | $3.6M | -18% |
| Q4 2024 | $4.8M | +9.7% |
AWRE's revenue has slid since its 2023 peak: $4M last quarter, down 14% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -21% | +4 points |
| Q2 2026 | -84% | -34 points |
| Q1 2026 | -108% | -57 points |
| Q4 2025 | -31% | -0.4 points |
| Q3 2025 | -25% | +13 points |
| Q2 2025 | -50% | -19 points |
| Q1 2025 | -51% | -23 points |
| Q4 2024 | -31% | +72 points |
AWRE's operating margin was −21% last quarter, up 4 points from the same quarter a year ago.
AAOI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$369.9M | -$291.2M |
| Q2 2026 | -$265.3M | -$174.4M |
| Q1 2026 | -$143.6M | -$64.3M |
| Q4 2025 | -$104.6M | -$51.6M |
| Q3 2025 | -$78.7M | -$58M |
| Q2 2025 | -$91M | -$86M |
| Q1 2025 | -$79.3M | -$45.1M |
| Q4 2024 | -$53M | -$48.4M |
AAOI has burned cash in almost every quarter: −$883M over the past year, against −$302M the year before.
AWRE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$1.4M | +$922K |
| Q2 2026 | -$2.8M | -$1.6M |
| Q1 2026 | -$2.7M | +$308K |
| Q4 2025 | $926K | +36% |
| Q3 2025 | -$2.4M | -$1.6M |
| Q4 2024 | $683K | -78% |
| Q3 2024 | -$765K | -131% |
| Q4 2023 | $3.1M | +$4.1M |
AWRE has the edge over AAOI on cash flow, with more consistent year-over-year improvement.
AAOI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +7.7% | +6.3M shares |
| 1 year | +39% | +24.5M shares |
| 3 years | +168% | +55.1M shares |
| 5 years | +224% | +60.7M shares |
| Available history | +340% | +67.9M shares |
AAOI has 88M diluted shares, up 39% from a year ago.
AWRE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +71K shares |
| 1 year | +2.5% | +524K shares |
| 3 years | +2.8% | +595K shares |
| 5 years | +0.9% | +194K shares |
| Available history | +0.9% | +203K shares |
AWRE has the edge over AAOI on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $62,000 |
| Q1 2025 | $53,000 |
| Q4 2023 | $39,000 |
AWRE hasn't bought back shares in the past year.
AAOI Net Leverage
AAOI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
AWRE Net Leverage
AWRE's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
AAOI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 35.1 | Neutral |
| Stochastic | 4.8 | Oversold |
AAOI's weekly RSI is 35 (neutral) and its Stochastic is 5 (oversold).
AWRE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 36.5 | Neutral |
| Stochastic | 21.3 | Neutral |
AWRE's weekly RSI is 37 (neutral) and its Stochastic is 21 (neutral).
AAOI PE vs Technology Sector
AAOI has no meaningful PE right now: it lost money over the past year.
AWRE PE vs Technology Sector
AWRE has no meaningful PE right now: it lost money over the past year.
AAOI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $80.2 | 34% below |
| 20 week MA | $100.6 | 47% below |
| 50 week MA | $100.3 | 47% below |
| 100 week MA | $62.3 | 15% below |
| 200 week MA | $36.9 | 43% above |
AAOI has the edge over AWRE on trend strength, trading above more of its moving averages.
AWRE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $0.98 | 4.1% below |
| 20 week MA | $1.14 | 18% below |
| 50 week MA | $1.40 | 33% below |
| 100 week MA | $1.68 | 44% below |
| 200 week MA | $1.70 | 45% below |
AWRE is in a downtrend: it's below all five of its weekly moving averages, and 45% below its 200-week average.
AAOI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $11.5 | $8.77 | -24% |
| 2021 | $8.77 | $5.64 | -36% |
| 2022 | $5.64 | $1.95 | -65% |
| 2023 | $1.95 | $19.3 | +891% |
| 2024 | $19.3 | $37.7 | +95% |
| 2025 | $37.7 | $37.2 | -1.5% |
| 2026 YTD | $37.2 | $52.9 | +42% |
AAOI has the edge over AWRE on returns for 2026, with the stronger performance.
AWRE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $3.40 | $3.54 | +4.1% |
| 2021 | $3.54 | $3.18 | -10% |
| 2022 | $3.18 | $1.75 | -45% |
| 2023 | $1.75 | $1.66 | -5.1% |
| 2024 | $1.66 | $1.65 | -0.6% |
| 2025 | $1.65 | $2.01 | +22% |
| 2026 YTD | $2.01 | $0.94 | -53% |
AWRE has finished lower in four of the last six years. It's down 53% so far in 2026.