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Advanced Optoelectronic Technology 3437.TW · TWD
Information Technology · Taiwan Stock Exchange · 🇹🇼 Taiwan
16.85
+7.32%
Close of 9 Nov 2026, in TWD
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At a glance
Figures in TWD, from our data supplier.
Revenue
TWD 1.60bn
FY2016FY2025
Net income
−TWD 383.4m
FY2016FY2025
Free cash flow
−TWD 234.1m
FY2016FY2025
Shareholders' equity
TWD 2.05bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 1.60bn | TWD 2.04bn | TWD 1.97bn | TWD 2.41bn | TWD 4.40bn | TWD 5.48bn | TWD 4.04bn | TWD 4.64bn | TWD 5.98bn | TWD 6.17bn |
| Gross profit | TWD 61.6m | TWD 362.2m | TWD 382.6m | TWD 307.4m | TWD 622.1m | TWD 381.7m | TWD 356.1m | TWD 279.2m | TWD 770.1m | TWD 763.9m |
| Research and development | TWD 103.2m | TWD 163.9m | TWD 127.5m | TWD 82.1m | TWD 88.0m | TWD 103.5m | TWD 110.1m | TWD 143.7m | TWD 137.8m | TWD 142.2m |
| Operating income | −TWD 455.5m | −TWD 251.8m | −TWD 165.8m | −TWD 145.9m | TWD 113.5m | −TWD 95.9m | −TWD 237.0m | −TWD 425.3m | TWD 132.0m | TWD 103.3m |
| Net income | −TWD 383.4m | −TWD 135.4m | −TWD 101.3m | −TWD 142.2m | TWD 88.3m | −TWD 110.6m | −TWD 207.2m | −TWD 386.8m | TWD 98.0m | TWD 58.9m |
| Diluted earnings per share | -2.64 | -0.94 | -0.70 | -0.98 | 0.57 | -0.77 | -1.46 | -2.65 | 0.68 | 0.42 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 2.78bn | TWD 3.32bn | TWD 3.36bn | TWD 3.22bn | TWD 4.25bn | TWD 4.62bn | TWD 4.37bn | TWD 4.94bn | TWD 5.75bn | TWD 5.81bn |
| Cash and short-term investments | TWD 1.08bn | TWD 1.36bn | TWD 1.39bn | TWD 1.39bn | TWD 1.41bn | TWD 1.05bn | TWD 991.9m | TWD 1.61bn | TWD 1.93bn | TWD 1.91bn |
| Total liabilities | TWD 668.5m | TWD 742.0m | TWD 770.7m | TWD 680.4m | TWD 1.46bn | TWD 1.98bn | TWD 1.72bn | TWD 2.08bn | TWD 2.39bn | TWD 2.51bn |
| Debt | TWD 27.9m | TWD 997,000 | TWD 46.2m | TWD 34.7m | TWD 53.3m | TWD 441.9m | TWD 266.2m | TWD 302.6m | — | — |
| Shareholders' equity | TWD 2.05bn | TWD 2.51bn | TWD 2.48bn | TWD 2.51bn | TWD 2.79bn | TWD 2.64bn | TWD 2.65bn | TWD 2.86bn | TWD 3.37bn | TWD 3.31bn |
| Shares outstanding | 145m | 145m | 145m | 145m | 154m | 144m | 141m | 146m | 144m | 142m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −TWD 114.9m | TWD 74.5m | TWD 953,000 | TWD 270.2m | TWD 699.4m | TWD 71.6m | −TWD 415.1m | TWD 13.3m | TWD 261.2m | TWD 227.1m |
| Capital spending | −TWD 119.3m | −TWD 112.0m | −TWD 113.6m | −TWD 129.0m | −TWD 137.7m | −TWD 217.0m | −TWD 205.3m | −TWD 233.2m | −TWD 217.8m | −TWD 491.4m |
| Free cash flow | −TWD 234.1m | −TWD 37.5m | −TWD 112.6m | TWD 141.1m | TWD 561.8m | −TWD 145.4m | −TWD 620.4m | −TWD 219.9m | TWD 43.3m | −TWD 264.3m |
| Dividends paid | — | — | — | −TWD 65.0m | −TWD 65.0m | −TWD 65.0m | −TWD 65.0m | −TWD 86.7m | −TWD 50.6m | −TWD 214.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 357.4m | TWD 346.5m | TWD 375.9m | TWD 364.9m | TWD 412.1m | TWD 449.8m | TWD 482.3m | TWD 514.3m |
| Gross profit | −TWD 4.9m | TWD 13.6m | TWD 8.0m | −TWD 2.2m | TWD 4.4m | TWD 51.4m | TWD 62.6m | TWD 108.6m |
| Operating income | −TWD 112.1m | −TWD 88.7m | −TWD 110.4m | −TWD 114.4m | −TWD 107.6m | −TWD 82.9m | −TWD 86.5m | −TWD 52.2m |
| Net income | −TWD 99.9m | −TWD 81.0m | −TWD 89.7m | −TWD 124.4m | −TWD 114.8m | −TWD 54.6m | −TWD 51.0m | −TWD 28.4m |
| Diluted earnings per share | -0.69 | -0.56 | -0.62 | -0.86 | -0.79 | -0.38 | -0.35 | -0.20 |
| Cash from operations | −TWD 90.0m | −TWD 60.0m | −TWD 16.0m | −TWD 13.0m | −TWD 10.0m | −TWD 73.0m | TWD 45.0m | TWD 27.0m |
| Capital spending | −TWD 8.0m | −TWD 29.0m | −TWD 43.0m | −TWD 39.0m | −TWD 37.0m | −TWD 21.0m | −TWD 18.0m | −TWD 38.0m |
| Free cash flow | −TWD 98.0m | −TWD 89.0m | −TWD 59.0m | −TWD 52.0m | −TWD 47.0m | −TWD 94.0m | TWD 27.0m | −TWD 11.0m |
| Total assets | TWD 2.79bn | TWD 2.79bn | TWD 2.78bn | TWD 2.80bn | TWD 2.90bn | TWD 3.15bn | TWD 3.32bn | TWD 3.29bn |
| Cash and short-term investments | TWD 891.3m | TWD 979.0m | TWD 1.08bn | TWD 1.16bn | TWD 1.21bn | TWD 1.27bn | TWD 1.36bn | TWD 1.31bn |
| Debt | TWD 685,000 | TWD 16.6m | TWD 13.4m | TWD 15.8m | TWD 30.6m | TWD 16.2m | TWD 627,000 | TWD 20.0m |
| Shareholders' equity | TWD 2.22bn | TWD 2.17bn | TWD 2.05bn | TWD 2.11bn | TWD 2.25bn | TWD 2.37bn | TWD 2.51bn | TWD 2.50bn |
Financial ratios
Data as of 29 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 3.8% | 17.8% | 19.4% | 12.8% | 14.2% | 7.0% |
| Operating margin | -28.4% | -8.5% | -6.9% | -5.7% | 2.5% | -1.7% |
| Net margin | -23.9% | -6.7% | -5.1% | -5.9% | 2.0% | -2.0% |
| Return on equity | -18.7% | -5.4% | -4.1% | -5.7% | 3.2% | -4.2% |
| Return on assets | -13.8% | -4.1% | -3.0% | -4.4% | 2.1% | -2.4% |
| Free cash flow yield | 0.2% | 6.7% | 4.1% | 14.2% | 28.0% | 10.3% |
| Revenue growth | -21.3% | 3.2% | -18.2% | -45.2% | -19.8% | 35.7% |
| Earnings growth | 183.1% | 33.6% | -28.8% | -261.1% | -179.8% | -46.6% |
| Current ratio | 2.64x | 2.97x | 3.20x | 3.22x | 2.09x | 1.62x |
| Debt to equity | 0.01x | 0.00x | 0.01x | 0.00x | 0.02x | 0.17x |
| Equity ratio | 73.8% | 75.7% | 73.9% | 78.1% | 65.6% | 57.1% |
| Interest coverage | -242.39x | -38.01x | -22.58x | -38.74x | 37.84x | -14.38x |
| R&D as a share of sales | 6.4% | 8.1% | 6.5% | 3.4% | 2.0% | 1.9% |
| Buybacks as a share of market value | -0.4% | 0.0% | 0.0% | 6.3% | -7.0% | -1.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -12.7% | -21.8% | -12.6% |
| Operating income | 46.1% | 36.6% | — |
| Net income | 39.2% | 28.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 11.7% | 13.9% | 11.8% | 11.9% |
| Operating margin | -19.4% | -12.7% | -5.6% | -2.3% |
| Net margin | -14.3% | -9.5% | -4.4% | -2.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.5 | -25.1 | -42.2 | -17.3 | 44.9 | -39.5 | -12.3 | -6.3 | 54.3 | 53.9 |
| Price to sales | 1.3 | 1.7 | 2.2 | 1.0 | 0.9 | 0.8 | 0.6 | 0.5 | 0.9 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 14 Sept 2022.
| FY2022 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.45 | 0.60 | 0.35 | 1.50 | 1.553 | 2.50 | 0.50 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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