AAOI
Applied Optoelectronics, Inc.
AAOI has a slight edge over KLTR overall, supported by stronger modeled upside.
KLTR
Kaltura, Inc.
KLTR 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.
KLTR Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Stable | |
| Healthy |
KLTR's balance sheet is currently healthy, and its revenue, profitability and cash flow are 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.
KLTR PE Valuation
KLTR 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.
KLTR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect KLTR's losses to shrink, with revenue growing.
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.
KLTR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.08 | +$0.04 |
| Q2 2026 | -$0.09 | +$0.03 |
| Q1 2026 | -$0.10 | +$0.04 |
| Q4 2025 | -$0.08 | +$0.13 |
| Q3 2025 | -$0.12 | +$0.14 |
| Q2 2025 | -$0.12 | +$0.20 |
| Q1 2025 | -$0.14 | +$0.19 |
| Q4 2024 | -$0.21 | +$0.13 |
KLTR 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 KLTR 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 KLTR on profitability, with a higher operating margin.
KLTR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $47.3M | +7.7% |
| Q2 2026 | $46.9M | +5.5% |
| Q1 2026 | $44.6M | -5% |
| Q4 2025 | $45.5M | -0.1% |
| Q3 2025 | $43.9M | -1% |
| Q2 2025 | $44.5M | +1% |
| Q1 2025 | $47M | +4.9% |
| Q4 2024 | $45.6M | +2.5% |
KLTR's revenue grew through 2023 and has held roughly level since: $47M last quarter, up 7.7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -1.4% | +2 points |
| Q2 2026 | -1.6% | +4.6 points |
| Q1 2026 | -2.7% | +0.6 points |
| Q4 2025 | 1.9% | +10 points |
| Q3 2025 | -3.4% | +6.7 points |
| Q2 2025 | -6.2% | +13 points |
| Q1 2025 | -3.4% | +13 points |
| Q4 2024 | -8.3% | +12 points |
KLTR's operating margin was −1.4% last quarter, up 2 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.
KLTR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $7.5M | -19% |
| Q2 2026 | -$2.1M | -182% |
| Q1 2026 | $595K | +$1.9M |
| Q4 2025 | $3.5M | -16% |
| Q3 2025 | $9.2M | -13% |
| Q2 2025 | $2.5M | +$4.4M |
| Q1 2025 | -$1.3M | -$105K |
| Q4 2024 | $4.2M | +436% |
KLTR 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.
KLTR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.4% | +2.1M shares |
| 1 year | -4.3% | -6.7M shares |
| 3 years | +7.5% | +10.5M shares |
| 5 years | +356% | +117M shares |
| Available history | +37% | +40.7M shares |
KLTR has the edge over AAOI on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $16.6M |
| Q3 2025 | — |
| Q2 2025 | $7.3M |
| Q1 2025 | $2.3M |
| Q4 2024 | $687,000 |
KLTR spent $17M buying back its own shares over the past year, up 62% from the year before.
AAOI Net Leverage
AAOI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
KLTR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.1x | Healthy |
| Q2 2026 | 0.3x | Very low |
KLTR's net debt is about 1.1 years of its operating earnings (EBITDA).
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).
KLTR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.9 | Neutral |
| Stochastic | 29.5 | Neutral |
KLTR's weekly RSI is 48 (neutral) and its Stochastic is 30 (neutral).
AAOI PE vs Technology Sector
AAOI has no meaningful PE right now: it lost money over the past year.
KLTR PE vs Technology Sector
KLTR 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 fallen below most of its moving averages, though it's still 43% above its 200-week average.
KLTR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.39 | 0% above |
| 20 week MA | $1.43 | 2.8% below |
| 50 week MA | $1.43 | 2.8% below |
| 100 week MA | $1.68 | 17% below |
| 200 week MA | $1.67 | 17% below |
KLTR is in a downtrend: it's below all five of its weekly moving averages, and 17% 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 KLTR on returns for 2026, with the stronger performance.
KLTR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $11.8 | $3.85 | -67% |
| 2022 | $3.85 | $1.70 | -56% |
| 2023 | $1.70 | $1.95 | +15% |
| 2024 | $1.95 | $2.23 | +14% |
| 2025 | $2.23 | $1.66 | -26% |
| 2026 YTD | $1.66 | $1.39 | -16% |
KLTR has finished lower in three of the last five years. It's down 16% so far in 2026.