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.
GAME
GameSquare Holdings, Inc.
There isn't enough reported data to score GAME 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.
GAME Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Under pressure | |
| Weak | |
| Unavailable |
GAME'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.
GAME PE Valuation
GAME 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.
GAME Forward outlook
There aren't enough analyst estimates for GAME 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 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.
GAME Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$5.44 | +$4.88 |
| Q1 2026 | -$5.20 | +$7.52 |
| Q4 2025 | -$4.88 | +$9.12 |
| Q3 2025 | -$8.96 | +$8.88 |
| Q4 2022 | -$40.08 | +$54.24 |
| Q3 2022 | -$31.76 | +$84.96 |
| Q2 2022 | -$28.16 | +$102.88 |
GAME 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 GAME 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 GAME on profitability, with a higher operating margin.
GAME Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $18.5M | +17% |
| Q1 2026 | $14.5M | -31% |
| Q4 2025 | $18.5M | -21% |
| Q3 2025 | $11.3M | -57% |
| Q2 2025 | $15.9M | -45% |
| Q1 2025 | $21.1M | +19% |
| Q4 2024 | $23.5M | +40% |
| Q3 2024 | $26.4M | +130% |
GAME's revenue is recovering but still below its 2024 peak: $18M last quarter, up 17% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -9.3% | +21 points |
| Q1 2026 | -23% | +11 points |
| Q4 2025 | -78% | +29 points |
| Q3 2025 | -21% | +3.2 points |
| Q2 2025 | -30% | -0.8 points |
| Q1 2025 | -34% | +1.7 points |
| Q4 2024 | -107% | -53 points |
| Q3 2024 | -24% | +23 points |
GAME's operating margin was −9.3% last quarter, up 21 points from the same quarter a year ago, near the top of its range since 2020.
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.
GAME Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$2.8M | -263% |
| Q1 2026 | -$6.4M | +$2.2M |
| Q4 2025 | -$1.1M | +$4.1M |
| Q3 2025 | -$10.4M | -$2.6M |
| Q2 2025 | $1.7M | +$11.3M |
| Q1 2025 | -$8.7M | -$641.4K |
| Q4 2024 | -$5.2M | +$1.1M |
| Q3 2024 | -$7.8M | -$4.5M |
GAME 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 the edge over GAME on shareholder dilution, with a more favorable share count trend.
GAME Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.5% | -303K shares |
| 1 year | +158% | +7.3M shares |
| 3 years | +2303% | +11.4M shares |
| 5 years | +4792% | +11.6M shares |
GAME has 12M diluted shares, up 158% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | $1.2M |
| Q1 2026 | $770,223 |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
AAOI Net Leverage
AAOI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
GAME Net Leverage
GAME'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).
GAME Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.6 | Neutral |
| Stochastic | 17.9 | Oversold |
GAME's weekly RSI is 41 (neutral) and its Stochastic is 18 (oversold).
AAOI PE vs Technology Sector
AAOI has no meaningful PE right now: it lost money over the past year.
GAME PE vs Technology Sector
GAME 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 GAME on trend strength, trading above more of its moving averages.
GAME Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2.70 | 15% below |
| 20 week MA | $2.90 | 21% below |
| 50 week MA | $3.07 | 25% below |
| 100 week MA | $4.73 | 51% below |
| 200 week MA | $11.9 | 81% below |
GAME is in a downtrend: it's below all five of its weekly moving averages, and 81% 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 GAME on returns for 2026, with the stronger performance.
GAME Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $421.9 | $250.9 | -41% |
| 2021 | $250.9 | $102.4 | -59% |
| 2022 | $102.4 | $35.2 | -66% |
| 2023 | $35.2 | $14.5 | -59% |
| 2024 | $14.5 | $6.33 | -56% |
| 2025 | $6.33 | $3.57 | -44% |
| 2026 YTD | $3.57 | $2.30 | -36% |
GAME has finished every year since 2020 lower, and it's down 36% so far in 2026.