▼ BEARISH // F-RATED EARNINGS MIRAGE // ACCRUAL WATCHSIFTER 02 // ACCRUAL & RECEIVABLES FORENSICS
SEVERITY: 94/100
Z-SCORE: +3.71σ
AAOI Accounting Gap: Net Income (+79.5%) Outpaced OCF (-120%) With +18.1% Working-Capital Build
CASH CONVERSION GAP
+199.5% (NI vs OCF)
RECEIVABLES / WC BLOAT
+18.1% VS REV
60D C-SUITE FORM 4 SALES
0 OPEN-MKT DUMPS
[GEEK DESK FORENSIC NOTE // SEC XBRL × FORM 4 CROSS-CHECK]
SEC EDGAR XBRL CompanyFacts10-K/10-Q Working Capital ScheduleSEC Form 4 Executive Sales
SEC EDGAR XBRL triangulation on Applied Optoelectronics Inc. (AAOI) exposes a +199.5% Cash Conversion Gap as YoY Net Income growth (+79.5%) diverged from Operating Cash Flow growth (-120.0%). Non-cash current assets and receivables expanded +18.1% relative to top-line revenue growth. Monitor upcoming 10-Q cash realization closely for accrual mean-reversion.