AAOI

Applied Optoelectronics, Inc.

60
Fundamentals62/ 100
Valuation50/ 100
Upside potential70/ 100
Risk potential55/ 100

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.

CD

Chaince Digital Holdings Inc.

There isn't enough reported data to score CD yet.

AAOI Fundamentals

MetricStatus
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.

CD Fundamentals

MetricStatus
Unavailable
Weak
Unavailable
Unavailable

CD's profitability is currently weak. There isn't enough data to rate its revenue, cash flow and 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.

CD PE Valuation

CD has no meaningful PE right now: it lost money over the past year.

AAOI Forward outlook

MetricOutlook
--
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.

CD Forward outlook

There aren't enough analyst estimates for CD to show an outlook.

AAOI Risk to reward

ScenarioChangePrice
Upside+125%$118.71
Downside-55%$23.99

Calculated from the latest close: $52.85 on Nov 12.

There is not enough scenario data to compare AAOI and CD's risk to reward.

CD Risk to reward

ScenarioChangePrice
UpsideUnknownโ€”
DownsideUnknownโ€”

Calculated from the latest close: $5.24 on Nov 12.

There is not enough scenario data to compare AAOI and CD's risk to reward.

AAOI Earnings Per Share

Q4 2023: $-1.75Q1 2024: $-1.79Q2 2024: $-1.88Q3 2024: $-2.03Q4 2024: $-4.50Q1 2025: $-4.08Q2 2025: $-3.58Q3 2025: $-3.44Q4 2025: $-0.64Q1 2026: $-0.65Q2 2026: $-0.77Q3 2026: $-0.42Forward: $2.98
Q4 2023: $-1.75Q1 2024: $-1.79Q2 2024: $-1.88Q3 2024: $-2.03Q4 2024: $-4.50Q1 2025: $-4.08Q2 2025: $-3.58Q3 2025: $-3.44Q4 2025: $-0.64Q1 2026: $-0.65Q2 2026: $-0.77Q3 2026: $-0.42Forward: $2.98
QuarterTTM EPSYoY
Forward$2.98โ€”
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 is still losing money, but far less than before: $0.42 per share over the past year, against $4.50 at its worst in late 2024.

CD Earnings Per Share

CD and AAOI do not have enough comparable growth data to identify a winner.

AAOI Quarterly Revenue

Q4 2023: $60MQ1 2024: $41MQ2 2024: $43MQ3 2024: $65MQ4 2024: $100MQ1 2025: $100MQ2 2025: $103MQ3 2025: $119MQ4 2025: $134MQ1 2026: $151MQ2 2026: $192MQ3 2026: $270M
Q4 2023: $60MQ1 2024: $41MQ2 2024: $43MQ3 2024: $65MQ4 2024: $100MQ1 2025: $100MQ2 2025: $103MQ3 2025: $119MQ4 2025: $134MQ1 2026: $151MQ2 2026: $192MQ3 2026: $270M
QuarterRevenueYoY
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 CD in the latest year-over-year revenue comparison.

CD Quarterly Revenue

Q4 2021: $664,171Q2 2022: $783,088Q4 2022: $80,348Q2 2023: $246,242Q4 2023: $199,686Q2 2024: $517,178Q4 2024: $490,252Q2 2025: --Q2 2025: $441,512Q4 2025: $1MQ1 2026: $507,546Q2 2026: $463,206
Q4 2021: $664,171Q2 2022: $783,088Q4 2022: $80,348Q2 2023: $246,242Q4 2023: $199,686Q2 2024: $517,178Q4 2024: $490,252Q2 2025: --Q2 2025: $441,512Q4 2025: $1MQ1 2026: $507,546Q2 2026: $463,206
QuarterRevenueYoY
Q2 2026$463.2K+4.9%
Q4 2025$1.4M+186%
Q2 2025$441.5K-15%
Q4 2024$490.3K+146%
Q2 2024$517.2K+110%
Q4 2023$199.7K+149%
Q2 2023$246.2K-69%
Q4 2022$80.3K-88%

CD's revenue is growing: $463,206 last quarter, down 5.5% from the same quarter a year ago.

AAOI Free Cash Flow

Q4 2023: โˆ’$5MQ1 2024: โˆ’$34MQ2 2024: โˆ’$5MQ3 2024: โˆ’$21MQ4 2024: โˆ’$53MQ1 2025: โˆ’$79MQ2 2025: โˆ’$91MQ3 2025: โˆ’$79MQ4 2025: โˆ’$105MQ1 2026: โˆ’$144MQ2 2026: โˆ’$265MQ3 2026: โˆ’$370M
Q4 2023: โˆ’$5MQ1 2024: โˆ’$34MQ2 2024: โˆ’$5MQ3 2024: โˆ’$21MQ4 2024: โˆ’$53MQ1 2025: โˆ’$79MQ2 2025: โˆ’$91MQ3 2025: โˆ’$79MQ4 2025: โˆ’$105MQ1 2026: โˆ’$144MQ2 2026: โˆ’$265MQ3 2026: โˆ’$370M
QuarterFree cash flowYoY
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: โˆ’$883M over the past year, against โˆ’$302M the year before.

CD Free Cash Flow

Q4 2021: โˆ’$4BQ2 2022: โˆ’$53,390Q4 2022: โˆ’$2MQ2 2023: โˆ’$5MQ4 2023: โˆ’$1MQ2 2024: โˆ’$1MQ4 2024: โˆ’$2MQ2 2025: --Q2 2025: โˆ’$2MQ4 2025: โˆ’$1MQ1 2026: โˆ’$814,569Q2 2026: $901,861
Q4 2021: โˆ’$4BQ2 2022: โˆ’$53,390Q4 2022: โˆ’$2MQ2 2023: โˆ’$5MQ4 2023: โˆ’$1MQ2 2024: โˆ’$1MQ4 2024: โˆ’$2MQ2 2025: --Q2 2025: โˆ’$2MQ4 2025: โˆ’$1MQ1 2026: โˆ’$814,569Q2 2026: $901,861
QuarterFree cash flowYoY
Q2 2026$901.9K+$2.6M
Q4 2025-$1.1M+$1.3M
Q2 2025-$1.7M-$512.9K
Q4 2024-$2.4M-$1.1M
Q2 2024-$1.2M+$3.3M
Q4 2023-$1.3M+$221.5K
Q2 2023-$4.5M-$4.5M
Q4 2022-$1.5M+$4B

CD has burned cash in almost every quarter: โˆ’$3M over the past year, against โˆ’$9M the year before.

AAOI Total Shares

Q4 2023: 32MQ1 2024: 38MQ2 2024: 39MQ3 2024: 42MQ4 2024: 42MQ1 2025: 50MQ2 2025: 57MQ3 2025: 63MQ4 2025: 60MQ1 2026: 76MQ2 2026: 82MQ3 2026: 88M
Q4 2023: 32MQ1 2024: 38MQ2 2024: 39MQ3 2024: 42MQ4 2024: 42MQ1 2025: 50MQ2 2025: 57MQ3 2025: 63MQ4 2025: 60MQ1 2026: 76MQ2 2026: 82MQ3 2026: 88M
PeriodChange %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.

CD Total Shares

Q4 2021: 11MQ2 2022: 13MQ4 2022: 16MQ2 2023: 43MQ4 2023: 49MQ2 2024: 46MQ4 2024: 76MQ2 2025: 64MQ4 2025: 64MQ1 2026: 74MQ2 2026: 78M
Q4 2021: 11MQ2 2022: 13MQ4 2022: 16MQ2 2023: 43MQ4 2023: 49MQ2 2024: 46MQ4 2024: 76MQ2 2025: 64MQ4 2025: 64MQ1 2026: 74MQ2 2026: 78M
PeriodChange %Net change
Quarterly+5.7%+4.2M shares
1 year+2.9%+2.2M shares
3 years+2014%+74.4M shares

CD has the edge over AAOI on shareholder dilution, with a more favorable share count trend.

AAOI Net Leverage

AAOI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.

CD Net Leverage

CD's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.

AAOI Weekly Momentum

MetricValueStatus
RSI35.1Neutral
Stochastic4.8Oversold

AAOI's weekly RSI is 35 (neutral) and its Stochastic is 5 (oversold).

CD Weekly Momentum

MetricValueStatus
RSI49.4Neutral
Stochastic34.3Neutral

CD's weekly RSI is 49 (neutral) and its Stochastic is 34 (neutral).

AAOI PE vs Technology Sector

AAOI has no meaningful PE right now: it lost money over the past year.

CD PE vs Technology Sector

CD has no meaningful PE right now: it lost money over the past year.

AAOI Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$80.234% below
20 week MA$100.647% below
50 week MA$100.347% below
100 week MA$62.315% below
200 week MA$36.943% above

AAOI has fallen below most of its moving averages, though it's still 43% above its 200-week average.

CD Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$6.6922% below
20 week MA$4.7011% above
50 week MA$5.161.6% above
100 week MA$6.2716% below
200 week MA$4.0629% above

CD has the edge over AAOI on trend strength, trading above more of its moving averages.

AAOI Yearly ROI

YearStart priceEnd priceROI
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 CD on returns for 2026, with the stronger performance.

CD Yearly ROI

YearStart priceEnd priceROI
2020$1.86$3.39+82%
2021$3.39$3.63+7.1%
2022$3.63$0.71-80%
2023$0.71$2.60+266%
2024$2.60$6.78+161%
2025$6.78$5.71-16%
2026 YTD$5.71$5.24-8.2%

CD's yearly returns have swung widely, from +266% in 2023 to โˆ’80% in 2022. It's down 8.2% so far in 2026.

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