Business Context and Reporting Period
Company: Applied Optoelectronics, Inc. (AAOI)
Filing Type: Form 8-K (Current Report)
Date of Report: June 9, 2023
Event: Entry into a Material Definitive Agreement (Third Amendment to Lease).
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. It details a specific lease obligation.
| Lease Component | Details |
|---|---|
| Location | 3305 Breckinridge Boulevard, Duluth, Georgia (Suite 112 & 114) |
| Total Rentable Area | 7,527 square feet (increased from 6,253 sq. ft.) |
| Lease Term Extension | Extended from Dec 31, 2024 to Dec 31, 2025 (1-year extension) |
| Effective Date | June 9, 2023 |
Material Changes and Lease Terms
The Company amended its existing lease to include an additional 1,274 square feet of office space (Expansion Premise) effective July 1, 2023. The base rent schedule for the expanded premises is as follows:
- July 1, 2023 – Dec 31, 2023: $8,643.51 per month
- Jan 1, 2024 – Dec 31, 2024: $8,902.81 per month
- Jan 1, 2025 – Dec 31, 2025: $9,169.89 per month
Guidance, Outlook, and Risks
The filing contains no management guidance, outlook, or discussion of risks beyond the standard incorporation of the lease agreement terms. The document notes that the description of the Amendment is qualified by reference to the full text of the agreement attached as Exhibit 10.1.
Investor Verification Checklist
- Verify the total annualized rent obligation increase based on the new monthly rates provided.
- Confirm the strategic necessity of the 1,274 square foot expansion in Duluth, Georgia.
- Review the full text of the Third Amendment to Lease (Exhibit 10.1) for any additional covenants or termination clauses not summarized in the 8-K.
- Assess the impact of the extended lease term (through 2025) on the Company's future operating cash flow projections.