AXT, Inc. Announces Third Quarter 2022 Financial Results
In order to provide better clarity on its operational and financial results, AXT began reporting its financial results on both a GAAP and non-GAAP basis in the third quarter of 2021.
- In order to provide better clarity on its operational and financial results, AXT began reporting its financial results on both a GAAP and non-GAAP basis in the third quarter of 2021.
- Revenue for the third quarter of 2022 was $35.2 million, compared with $39.5 million for the second quarter of 2022 and $34.6 million for the third quarter of 2021.
- GAAP operating expenses were $10.2 million for the third quarter of 2022, compared with $10.1 million for the second quarter of 2022 and $9.1 million for the third quarter of 2021.
- Non-GAAP operating expenses were $9.2 million for the third quarter of 2022, compared with $9.1 million for the second quarter of 2022 and $7.7 million for the third quarter of 2021.