AAOI
Applied Optoelectronics, Inc.
AAOI has the edge over FKWL overall, supported by stronger fundamentals and stronger modeled upside.
FKWL
Franklin Wireless Corp.
FKWL has lower modeled downside risk, despite its lower overall score.
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.
FKWL Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Under pressure | |
| Weak | |
| Strong |
FKWL's balance sheet is currently strong, but its revenue, profitability and cash flow are under pressure.
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.
FKWL PE Valuation
FKWL 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.
FKWL Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect strong earnings and revenue growth for FKWL, with profitability improving.
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 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.
FKWL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.33 | — |
| Q2 2026 | -$0.40 | -$0.38 |
| Q1 2026 | -$0.06 | +$0.09 |
| Q4 2025 | $0.02 | +$0.22 |
| Q3 2025 | -$0.01 | +$0.27 |
| Q2 2025 | -$0.02 | +$0.32 |
| Q1 2025 | -$0.15 | +$0.16 |
| Q4 2024 | -$0.20 | -$0.01 |
| Q3 2024 | -$0.28 | -$0.12 |
FKWL has the edge over AAOI on earnings, with more consistent year-over-year improvement.
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 FKWL 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 FKWL on profitability, with a higher operating margin.
FKWL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $8.4M | +21% |
| Q1 2026 | $3.4M | -57% |
| Q4 2025 | $11.9M | -33% |
| Q3 2025 | $12.7M | -4.3% |
| Q2 2025 | $6.9M | +13% |
| Q1 2025 | $8M | +30% |
| Q4 2024 | $17.8M | +101% |
| Q3 2024 | $13.3M | +38% |
FKWL's revenue is recovering but still below its 2020 peak: $8M last quarter, up 21% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -22% | -2.4 points |
| Q1 2026 | -44% | -19 points |
| Q4 2025 | 0.4% | -4 points |
| Q3 2025 | 4.6% | +7.4 points |
| Q2 2025 | -19% | +18 points |
| Q1 2025 | -25% | +0.6 points |
| Q4 2024 | 4.5% | +22 points |
| Q3 2024 | -2.8% | +3.3 points |
FKWL's operating margin was −22% last quarter, down 2.4 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.
FKWL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$755.4K | -132% |
| Q1 2026 | $11.3K | +$5.9M |
| Q4 2025 | -$4.1M | -249% |
| Q3 2025 | -$1.5M | -156% |
| Q2 2025 | $2.3M | -62% |
| Q1 2025 | -$5.9M | -$5.1M |
| Q4 2024 | $2.7M | +$3.7M |
| Q3 2024 | $2.6M | +$7.9M |
FKWL 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.
FKWL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | 0% | -- |
| 3 years | +0.4% | +47.7K shares |
| 5 years | +1.7% | +191K shares |
| Available history | +10% | +1.1M shares |
FKWL 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.
FKWL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2021 | -17.9x | Net Cash |
| Q3 2021 | -3.1x | Net Cash |
| Q2 2021 | -2.0x | Net Cash |
| Q1 2021 | -1.9x | Net Cash |
| Q4 2020 | -2.9x | Net Cash |
| Q3 2020 | -2.6x | Net Cash |
| Q2 2020 | -3.6x | Net Cash |
| Q1 2020 | -4.5x | Net Cash |
FKWL has more cash than debt.
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).
FKWL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 21.4 | Oversold |
| Stochastic | 4.0 | Oversold |
FKWL's weekly RSI is 21 (oversold) and its Stochastic is 4 (oversold).
AAOI PE vs Technology Sector
AAOI has no meaningful PE right now: it lost money over the past year.
FKWL PE vs Technology Sector
| Metric | FKWL | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
FKWL 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 FKWL on trend strength, trading above more of its moving averages.
FKWL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2.22 | 9.5% below |
| 20 week MA | $2.33 | 14% below |
| 50 week MA | $3.16 | 36% below |
| 100 week MA | $3.96 | 49% below |
| 200 week MA | $3.81 | 47% below |
FKWL is in a downtrend: it's below all five of its weekly moving averages, and 47% 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 FKWL on returns for 2026, with the stronger performance.
FKWL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $2.44 | $21.9 | +799% |
| 2021 | $21.9 | $3.65 | -83% |
| 2022 | $3.65 | $4.26 | +17% |
| 2023 | $4.26 | $3.39 | -20% |
| 2024 | $3.39 | $4.84 | +43% |
| 2025 | $4.84 | $4.28 | -12% |
| 2026 YTD | $4.28 | $2.01 | -53% |
FKWL's yearly returns have swung widely, from +799% in 2020 to −83% in 2021. It's down 53% so far in 2026.