AAOI
Applied Optoelectronics, Inc.
AAOI has the edge over HIT overall, supported by stronger fundamentals and stronger modeled upside.
HIT
Health In Tech, Inc.
HIT 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.
HIT Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Weak | |
| Weak | |
| Strong |
HIT's balance sheet is currently strong, and its revenue is stable, but its profitability and cash flow are weak.
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.
HIT PE Valuation
HIT 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 |
AAOI has the edge over HIT on the outlook, with more favorable earnings expectations.
HIT Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses steady | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect HIT's revenue to grow and its profitability to improve, with its earnings holding steady. However, they disagree widely on these estimates.
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 HIT on earnings, with more consistent year-over-year improvement.
HIT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$0.07 | -450% |
| Q1 2026 | -$0.02 | -200% |
| Q4 2025 | $0.02 | +100% |
| Q3 2025 | $0.03 | 0% |
| Q2 2025 | $0.02 | -33% |
| Q1 2025 | $0.02 | -33% |
| Q4 2024 | $0.01 | -80% |
HIT has swung to a loss: it lost $0.07 per share over the past year, after a profit the year before.
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 HIT 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 HIT on profitability, with a higher operating margin.
HIT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $8.1M | -13% |
| Q1 2026 | $8.8M | +9.4% |
| Q4 2025 | $7.5M | +53% |
| Q3 2025 | $8.5M | +90% |
| Q2 2025 | $9.3M | +86% |
| Q1 2025 | $8M | +56% |
| Q4 2024 | $4.9M | -6% |
| Q3 2024 | $4.5M | -15% |
HIT's revenue is growing: $8M last quarter, down 13% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -41% | -50 points |
| Q1 2026 | -24% | -32 points |
| Q4 2025 | -5.9% | +0.5 points |
| Q3 2025 | 7.1% | -2.8 points |
| Q2 2025 | 8.9% | -1.7 points |
| Q1 2025 | 8.5% | +2 points |
| Q4 2024 | -6.5% | -34 points |
| Q3 2024 | 9.8% | -0.1 points |
HIT's operating margin was −41% last quarter, down 50 points from the same quarter a year ago, near the bottom of its range since 2023.
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.
HIT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$2.9M | -297% |
| Q1 2026 | -$3.3M | -729% |
| Q4 2025 | $451.2K | +$1.6M |
| Q3 2025 | $674K | -67% |
| Q2 2025 | $1.5M | +26% |
| Q1 2025 | $527.4K | +$1.3M |
| Q4 2024 | -$1.1M | -$454.1K |
| Q3 2024 | $2.1M | +509% |
HIT 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.
HIT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +9.5% | +5.5M shares |
| 1 year | +13% | +7.2M shares |
| 3 years | +16% | +8.8M shares |
HIT has the edge over AAOI on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
AAOI Net Leverage
AAOI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
HIT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2026 | -115.4x | Net Cash |
| Q4 2025 | -3.0x | Net Cash |
| Q3 2025 | -3.1x | Net Cash |
| Q2 2025 | -3.2x | Net Cash |
| Q1 2025 | -3.4x | Net Cash |
| Q4 2024 | -4.0x | Net Cash |
| Q3 2024 | -0.4x | Net Cash |
| Q2 2024 | 0.0x | Very low |
HIT 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).
HIT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 27.1 | Oversold |
| Stochastic | 9.3 | Oversold |
HIT's weekly RSI is 27 (oversold) and its Stochastic is 9 (oversold).
AAOI PE vs Technology Sector
AAOI has no meaningful PE right now: it lost money over the past year.
HIT PE vs Technology Sector
| Metric | HIT | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
HIT 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 stronger trend alignment. AAOI is above 1 of 5 weekly averages versus HIT above 0 of 3.
HIT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $0.66 | 18% below |
| 20 week MA | $0.87 | 38% below |
| 50 week MA | $1.15 | 53% below |
HIT is in a downtrend: it's below all three of its weekly moving averages, and 53% below its 50-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 HIT on returns for 2026, with the stronger performance.
HIT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2024 | $5.46 | $5.46 | 0% |
| 2025 | $5.46 | $1.53 | -72% |
| 2026 YTD | $1.53 | $0.54 | -65% |
HIT has finished every year since 2024 lower, and it's down 65% so far in 2026.