AAOI

Applied Optoelectronics, Inc.

60
Fundamentals62/ 100
Valuation50/ 100
Upside potential70/ 100
Risk potential55/ 100

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.

SPPL

SIMPPLE Ltd. Ordinary Shares

There isn't enough reported data to score SPPL yet.

AAOI Fundamentals

MetricStatus
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.

SPPL Fundamentals

MetricStatus
Unavailable
Under pressure
Unavailable
Unavailable

SPPL's profitability is currently under pressure. There isn't enough data to rate its revenue, 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.

SPPL PE Valuation

SPPL has no meaningful PE right now: it lost money over the past year.

AAOI Forward outlook

MetricOutlook
--
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.

SPPL Forward outlook

There aren't enough analyst estimates for SPPL to show an outlook.

AAOI Risk to reward

ScenarioChangePrice
Upside+125%$118.71
Downside-55%$23.99

Calculated from the latest close: $52.85 on Nov 12.

There is not enough scenario data to compare AAOI and SPPL's risk to reward.

SPPL Risk to reward

ScenarioChangePrice
UpsideUnknown—
DownsideUnknown—

Calculated from the latest close: $2.63 on Nov 12.

There is not enough scenario data to compare AAOI and SPPL's risk to reward.

AAOI Earnings Per Share

Q4 2023: $-1.75Q1 2024: $-1.79Q2 2024: $-1.88Q3 2024: $-2.03Q4 2024: $-4.50Q1 2025: $-4.08Q2 2025: $-3.58Q3 2025: $-3.44Q4 2025: $-0.64Q1 2026: $-0.65Q2 2026: $-0.77Q3 2026: $-0.42Forward: $2.98
Q4 2023: $-1.75Q1 2024: $-1.79Q2 2024: $-1.88Q3 2024: $-2.03Q4 2024: $-4.50Q1 2025: $-4.08Q2 2025: $-3.58Q3 2025: $-3.44Q4 2025: $-0.64Q1 2026: $-0.65Q2 2026: $-0.77Q3 2026: $-0.42Forward: $2.98
QuarterTTM EPSYoY
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.

SPPL Earnings Per Share

Q4 2023: $-2.91Q4 2024: $-1.62Q4 2025: $-0.56
Q4 2023: $-2.91Q4 2024: $-1.62Q4 2025: $-0.56
QuarterTTM EPSYoY
Q4 2025-$0.56+$1.06
Q4 2024-$1.62+$1.29

SPPL and AAOI do not have enough comparable growth data to identify a winner.

AAOI Quarterly Revenue

Q4 2023: $60MQ1 2024: $41MQ2 2024: $43MQ3 2024: $65MQ4 2024: $100MQ1 2025: $100MQ2 2025: $103MQ3 2025: $119MQ4 2025: $134MQ1 2026: $151MQ2 2026: $192MQ3 2026: $270M
Q4 2023: $60MQ1 2024: $41MQ2 2024: $43MQ3 2024: $65MQ4 2024: $100MQ1 2025: $100MQ2 2025: $103MQ3 2025: $119MQ4 2025: $134MQ1 2026: $151MQ2 2026: $192MQ3 2026: $270M
QuarterRevenueYoY
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's revenue has grown year over year for 10 quarters in a row: $270M last quarter, up 127% from the same quarter a year ago.

SPPL Quarterly Revenue

Q4 2023: $4MQ2 2024: $1MQ4 2024: $2MQ4 2025: $5M
Q4 2023: $4MQ2 2024: $1MQ4 2024: $2MQ4 2025: $5M
QuarterRevenueYoY
Q4 2025$4.6M+150%
Q4 2024$1.8M-50%

SPPL and AAOI do not have enough comparable growth data to identify a winner.

AAOI Free Cash Flow

Q4 2023: −$5MQ1 2024: −$34MQ2 2024: −$5MQ3 2024: −$21MQ4 2024: −$53MQ1 2025: −$79MQ2 2025: −$91MQ3 2025: −$79MQ4 2025: −$105MQ1 2026: −$144MQ2 2026: −$265MQ3 2026: −$370M
Q4 2023: −$5MQ1 2024: −$34MQ2 2024: −$5MQ3 2024: −$21MQ4 2024: −$53MQ1 2025: −$79MQ2 2025: −$91MQ3 2025: −$79MQ4 2025: −$105MQ1 2026: −$144MQ2 2026: −$265MQ3 2026: −$370M
QuarterFree cash flowYoY
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.

SPPL Free Cash Flow

Q4 2023: −$6MQ2 2024: $939,831Q4 2024: −$2MQ4 2025: −$2M
Q4 2023: −$6MQ2 2024: $939,831Q4 2024: −$2MQ4 2025: −$2M
QuarterFree cash flowYoY
Q4 2025-$1.8M+$6.5K
Q4 2024-$1.9M+$4M

SPPL and AAOI do not have enough comparable growth data to identify a winner.

AAOI Total Shares

Q4 2023: 32MQ1 2024: 38MQ2 2024: 39MQ3 2024: 42MQ4 2024: 42MQ1 2025: 50MQ2 2025: 57MQ3 2025: 63MQ4 2025: 60MQ1 2026: 76MQ2 2026: 82MQ3 2026: 88M
Q4 2023: 32MQ1 2024: 38MQ2 2024: 39MQ3 2024: 42MQ4 2024: 42MQ1 2025: 50MQ2 2025: 57MQ3 2025: 63MQ4 2025: 60MQ1 2026: 76MQ2 2026: 82MQ3 2026: 88M
PeriodChange %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.

SPPL Total Shares

Q4 2023: 2MQ2 2024: 2MQ4 2024: 4MQ4 2025: 6M
Q4 2023: 2MQ2 2024: 2MQ4 2024: 4MQ4 2025: 6M
PeriodChange %Net change
Quarterly+63%+2.2M shares

AAOI Net Leverage

AAOI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.

SPPL Net Leverage

SPPL's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.

AAOI Weekly Momentum

MetricValueStatus
RSI35.1Neutral
Stochastic4.8Oversold

AAOI's weekly RSI is 35 (neutral) and its Stochastic is 5 (oversold).

SPPL Weekly Momentum

MetricValueStatus
RSI50.9Neutral
Stochastic55.3Neutral

SPPL's weekly RSI is 51 (neutral) and its Stochastic is 55 (neutral).

AAOI PE vs Technology Sector

AAOI has no meaningful PE right now: it lost money over the past year.

SPPL PE vs Technology Sector

SPPL has no meaningful PE right now: it lost money over the past year.

AAOI Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$80.234% below
20 week MA$100.647% below
50 week MA$100.347% below
100 week MA$62.315% below
200 week MA$36.943% above

SPPL has stronger trend alignment. AAOI is above 1 of 5 weekly averages versus SPPL above 2 of 4.

SPPL Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$2.2218% above
20 week MA$2.495.6% above
50 week MA$2.878.4% below
100 week MA$3.6829% below

SPPL has bounced recently, but its long-term trend is still down: it's above its 8- and 20-week averages, but 29% below its 100-week average.

AAOI Yearly ROI

YearStart priceEnd priceROI
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 SPPL on returns for 2026, with the stronger performance.

SPPL Yearly ROI

YearStart priceEnd priceROI
2023$39.1$47.3+21%
2024$47.3$7.89-83%
2025$7.89$4.10-48%
2026 YTD$4.10$2.63-36%

SPPL has finished lower in two of the last three years. It's down 36% so far in 2026.

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