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.
HTCR
HeartCore Enterprises, Inc.
There isn't enough reported data to score HTCR 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.
HTCR Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Under pressure | |
| Weak | |
| Strong |
HTCR'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.
HTCR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 0.4x | $1.34 | — |
| Cheap | 0.5x | $1.65 | +23% |
| Fair | 0.8x | $2.59 | +94% |
| Expensive | 6.7x | $23.16 | +1629% |
Historical ranges are pointers, not guarantees.
HTCR's PE is 0.4x, but its earnings don't support one, so it isn't a reliable read right now.
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.
HTCR Forward outlook
There aren't enough analyst estimates for HTCR 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.
HTCR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $3.46 | +$3.86 |
| Q1 2026 | $5.71 | +$8.71 |
| Q4 2025 | $4.40 | +$5.80 |
| Q3 2025 | -$10.60 | -341% |
| Q2 2025 | -$0.40 | +$8.00 |
| Q1 2025 | -$3.00 | +$4.40 |
| Q4 2024 | -$1.40 | +$2.80 |
| Q3 2024 | $4.40 | +$7.00 |
HTCR has the edge over AAOI on earnings quality, reporting a profit while its opponent remains loss making.
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 HTCR 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 HTCR on profitability, with a higher operating margin.
HTCR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $321.4K | -93% |
| Q1 2026 | $1.2M | -65% |
| Q4 2025 | $1.9M | -44% |
| Q3 2025 | $3M | -83% |
| Q2 2025 | $4.7M | +17% |
| Q1 2025 | $3.6M | -29% |
| Q4 2024 | $3.4M | +3.5% |
| Q3 2024 | $17.9M | +281% |
HTCR's revenue has slid since its 2024 peak: $321,428 last quarter, down 93% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -256% | -259 points |
| Q1 2026 | -124% | -89 points |
| Q4 2025 | -66% | +220 points |
| Q3 2025 | -0.4% | -68 points |
| Q2 2025 | 2.3% | +39 points |
| Q1 2025 | -35% | -21 points |
| Q4 2024 | -286% | -191 points |
| Q3 2024 | 68% | +106 points |
HTCR's operating margin was −256% last quarter, down 259 points from the same quarter a year ago, near the bottom 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 |
HTCR has the stronger cash trend. Its trailing FCF is up 21% versus its history, compared with AAOI at down 676%.
HTCR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q1 2026 | -$1.2M | +$846.2K |
| Q4 2025 | -$136.1K | +$1.1M |
| Q3 2025 | -$306.1K | +$1.7M |
| Q4 2024 | -$1.3M | +$604.4K |
| Q3 2024 | -$2M | -$613.5K |
| Q4 2023 | -$1.9M | -$1.3M |
| Q3 2023 | -$1.4M | +$697.9K |
| Q2 2023 | -$491.5K | -271% |
HTCR has burned cash in most quarters: −$3M over the past year, against −$7M the year before.
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.
HTCR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +11% | +139K shares |
| 1 year | +4.2% | +56.4K shares |
| 3 years | +35% | +368K shares |
| 5 years | +46% | +442K shares |
HTCR has the edge over AAOI on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2022 | — |
| Q3 2022 | $2.2M |
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | — |
AAOI Net Leverage
AAOI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
HTCR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2025 | -0.6x | Net Cash |
| Q1 2025 | 10.1x | High |
| Q4 2024 | -0.6x | Net Cash |
| Q3 2024 | 0.1x | Very low |
| Q4 2021 | 18.6x | High |
| Q3 2021 | 7.6x | High |
HTCR 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).
HTCR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 27.5 | Oversold |
| Stochastic | 15.0 | Oversold |
HTCR's weekly RSI is 28 (oversold) and its Stochastic is 15 (oversold).
AAOI PE vs Technology Sector
AAOI has no meaningful PE right now: it lost money over the past year.
HTCR PE vs Technology Sector
| Metric | HTCR | Sector median | Relative |
|---|---|---|---|
| PE | 0.4x | 28x | 99% below |
| PE % | 2 | 49 | 47 pts below |
HTCR is trading at 0.4x earnings, a 99% discount to the Technology sector's median of 28x, though its earnings don't support one.
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 HTCR on trend strength, trading above more of its moving averages.
HTCR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.65 | 19% below |
| 20 week MA | $2.14 | 37% below |
| 50 week MA | $3.70 | 64% below |
| 100 week MA | $10.6 | 87% below |
| 200 week MA | $14.9 | 91% below |
HTCR is in a downtrend: it's below all five of its weekly moving averages, and 91% 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 HTCR on returns for 2026, with the stronger performance.
HTCR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2022 | $82.6 | $16.4 | -80% |
| 2023 | $16.4 | $12.8 | -22% |
| 2024 | $12.8 | $31.0 | +143% |
| 2025 | $31.0 | $6.92 | -78% |
| 2026 YTD | $6.92 | $1.34 | -81% |
HTCR's yearly returns have swung widely, from +143% in 2024 to −80% in 2022. It's down 81% so far in 2026.