AAOI
Applied Optoelectronics, Inc.
AAOI has the edge over IDN overall, supported by stronger modeled upside.
IDN
Intellicheck, Inc.
IDN 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.
IDN Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Healthy |
IDN's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
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.
IDN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 14x | $2.24 | — |
| Cheap | 16x | $2.53 | +13% |
| Fair | 37x | $5.96 | +166% |
| Forward | 45x | $2.24 | — |
| Expensive | 134x | $21.51 | +860% |
Historical ranges are pointers, not guarantees.
IDN's PE is 14x, 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.
IDN Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong decline | |
| Decline | |
| -- | |
| Limited | |
| -- |
Analysts expect IDN's earnings and revenue to decline, though with profitability holding steady.
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.
IDN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.05 | -69% |
| Q3 2026 | $0.16 | +$0.16 |
| Q2 2026 | $0.15 | +$0.20 |
| Q1 2026 | $0.11 | +$0.16 |
| Q4 2025 | $0.06 | +$0.11 |
| Q3 2025 | $0.00 | +$0.02 |
| Q2 2025 | -$0.05 | -$0.04 |
| Q1 2025 | -$0.05 | -$0.01 |
| Q4 2024 | -$0.05 | +$0.04 |
IDN 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 IDN 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's operating margin was −0.5% last quarter, up 15 points from the same quarter a year ago, near the top of its range since 2019.
IDN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $5.7M | -4.6% |
| Q2 2026 | $5.9M | +16% |
| Q1 2026 | $5.5M | +13% |
| Q4 2025 | $6.6M | +12% |
| Q3 2025 | $6M | +28% |
| Q2 2025 | $5.1M | +9.7% |
| Q1 2025 | $4.9M | +4.6% |
| Q4 2024 | $5.9M | +15% |
IDN's revenue is growing: $6M last quarter, down 4.6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 6.4% | +2.4 points |
| Q2 2026 | 9.6% | +16 points |
| Q1 2026 | 9.8% | +17 points |
| Q4 2025 | 23% | +15 points |
| Q3 2025 | 4% | +23 points |
| Q2 2025 | -5.8% | -1.2 points |
| Q1 2025 | -7.1% | +4.1 points |
| Q4 2024 | 7.8% | -8.5 points |
IDN has the edge over AAOI on profitability, with a higher operating margin.
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.
IDN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1M | +$2.8M |
| Q2 2026 | $1.8M | -43% |
| Q1 2026 | $412K | -44% |
| Q4 2025 | $2.4M | +$3.7M |
| Q3 2025 | -$1.8M | -$670K |
| Q2 2025 | $3.1M | +$4.3M |
| Q1 2025 | $741K | -14% |
| Q4 2024 | -$1.3M | -401% |
IDN has the edge over AAOI on cash generation, producing positive trailing cash flow while its opponent burns cash.
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.
IDN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.7% | -363K shares |
| 1 year | -1.1% | -223K shares |
| 3 years | +6.7% | +1.3M shares |
| 5 years | +9.9% | +1.9M shares |
| Available history | +30% | +4.8M shares |
IDN 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.
IDN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -3.5x | Net Cash |
| Q2 2026 | -3.3x | Net Cash |
| Q1 2026 | -3.7x | Net Cash |
| Q4 2025 | -5.4x | Net Cash |
| Q3 2025 | -9.9x | Net Cash |
IDN 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).
IDN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.7 | Neutral |
| Stochastic | 10.7 | Oversold |
IDN's weekly RSI is 35 (neutral) and its Stochastic is 11 (oversold).
AAOI PE vs Technology Sector
AAOI has no meaningful PE right now: it lost money over the past year.
IDN PE vs Technology Sector
| Metric | IDN | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 28x | 50% below |
| PE % | 3 | 35 | 32 pts below |
IDN is trading at 14x earnings, a 50% 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 IDN on trend strength, trading above more of its moving averages.
IDN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2.27 | 1.3% below |
| 20 week MA | $2.88 | 22% below |
| 50 week MA | $4.64 | 52% below |
| 100 week MA | $4.38 | 49% below |
| 200 week MA | $3.42 | 35% below |
IDN is in a downtrend: it's below all five of its weekly moving averages, and 35% 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 IDN on returns for 2026, with the stronger performance.
IDN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $7.19 | $10.3 | +44% |
| 2021 | $10.3 | $5.17 | -50% |
| 2022 | $5.17 | $2.05 | -60% |
| 2023 | $2.05 | $1.90 | -7.3% |
| 2024 | $1.90 | $2.83 | +49% |
| 2025 | $2.83 | $6.66 | +135% |
| 2026 YTD | $6.66 | $2.24 | -66% |
IDN's yearly returns have swung widely, from +135% in 2025 to −60% in 2022. It's down 66% so far in 2026.