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.
SMTK
SmartKem, Inc.
There isn't enough reported data to score SMTK 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.
SMTK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Weak | |
| Unavailable | |
| Unavailable |
SMTK's revenue is currently strong, but its profitability is weak. There isn't enough data to rate its cash flow and 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.
SMTK PE Valuation
SMTK 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.
SMTK Forward outlook
There aren't enough analyst estimates for SMTK 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.
SMTK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$107.50 | +$14.00 |
| Q1 2026 | -$115.50 | +$40.00 |
| Q3 2023 | -$364.50 | +$453.56 |
| Q2 2023 | -$520.50 | +$227.56 |
| Q1 2023 | -$660.50 | +$17.56 |
| Q4 2022 | -$713.00 | +$682.56 |
SMTK 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 SMTK 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.
SMTK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $20K | -13% |
| Q4 2025 | $561K | +1236% |
| Q2 2025 | $32K | -20% |
| Q2 2024 | $40K | +400% |
| Q3 2023 | $3K | -88% |
| Q2 2023 | $8K | +100% |
| Q1 2023 | $16K | -47% |
SMTK's revenue is growing: $0 last quarter, down 100% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q1 2026 | -12865% | +779 points |
| Q4 2025 | -381% | +5334 points |
| Q3 2025 | -3937% | N/A |
| Q2 2025 | -13663% | -6720 points |
| Q1 2025 | -13643% | N/A |
| Q4 2024 | -5714% | N/A |
| Q2 2024 | -6943% | +22645 points |
| Q3 2023 | -89833% | -80368 points |
SMTK's operating margin was −12865% last quarter, up 778 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.
SMTK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$1.8M | +$962K |
| Q1 2026 | -$1.6M | +$1.8M |
| Q4 2025 | -$1.4M | -$346K |
| Q1 2025 | -$3.3M | -$1.8M |
| Q4 2024 | -$1.1M | +$1.3M |
| Q4 2023 | -$2.4M | -$197K |
| Q3 2023 | -$2.6M | -$1.4M |
| Q4 2022 | -$2.2M | +$269K |
SMTK has burned cash in almost every quarter: −$8M over the past year, against −$8M 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 the edge over SMTK on shareholder dilution, with a more favorable share count trend.
SMTK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +63% | +181K shares |
| 1 year | +254% | +337K shares |
| 3 years | +2726% | +454K shares |
SMTK has 470,209 diluted shares, up 254% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2022 | — |
AAOI Net Leverage
AAOI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
SMTK Net Leverage
SMTK'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).
SMTK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 28.0 | Oversold |
| Stochastic | 0.4 | Oversold |
SMTK's weekly RSI is 28 (oversold) and its Stochastic is 0 (oversold).
AAOI PE vs Technology Sector
AAOI has no meaningful PE right now: it lost money over the past year.
SMTK PE vs Technology Sector
SMTK 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 SMTK above 0 of 4.
SMTK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $0.80 | 73% below |
| 20 week MA | $4.36 | 95% below |
| 50 week MA | $19.2 | 99% below |
| 100 week MA | $58.1 | 100% below |
SMTK is in a downtrend: it's below all four of its weekly moving averages, and 100% below its 100-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 SMTK on returns for 2026, with the stronger performance.
SMTK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2023 | $300.0 | $285.0 | -5% |
| 2024 | $285.0 | $141.0 | -51% |
| 2025 | $141.0 | $81.5 | -42% |
| 2026 YTD | $81.5 | $0.22 | -100% |
SMTK has finished every year since 2023 lower, and it's down 100% so far in 2026.