AXT

AXT, Inc. Announces Fourth Quarter and Fiscal Year 2023 Financial Results

Retrieved on: 
Thursday, February 22, 2024

Revenue for the fourth quarter of 2023 was $20.4 million, compared with $17.4 million in the third quarter of 2023 and $26.8 million for the fourth quarter of 2022.

Key Points: 
  • Revenue for the fourth quarter of 2023 was $20.4 million, compared with $17.4 million in the third quarter of 2023 and $26.8 million for the fourth quarter of 2022.
  • GAAP gross margin was 22.6 percent of revenue for the fourth quarter of 2023, compared with 10.7 percent of revenue in the third quarter of 2023 and 32.1 percent for the fourth quarter of 2022.
  • This compares with $8.6 million in the third quarter of 2023 and $9.6 million for the fourth quarter of 2022.
  • Fiscal Year 2023 Results (January 1 to December 31, 2023)
    Revenue for fiscal year 2023 was $75.8 million, compared with $141.1 million in fiscal year 2022.

AXT, Inc. Announces Third Quarter 2023 Financial Results

Retrieved on: 
Thursday, November 2, 2023

GAAP gross margin was 10.7 percent of revenue for the third quarter of 2023, compared with 9.2 percent of revenue for the second quarter of 2023 and 42.0 percent of revenue for the third quarter of 2022.

Key Points: 
  • GAAP gross margin was 10.7 percent of revenue for the third quarter of 2023, compared with 9.2 percent of revenue for the second quarter of 2023 and 42.0 percent of revenue for the third quarter of 2022.
  • Non-GAAP gross margin was 11.3 percent of revenue for the third quarter of 2023, compared with 9.8 percent of revenue for the second quarter of 2023 and 42.2 percent of revenue for the third quarter of 2022.
  • GAAP operating expenses were $8.6 million for the third quarter of 2023, compared with $8.6 million for the second quarter of 2023 and $10.2 million for the third quarter of 2022.
  • Non-GAAP operating expenses were $7.8 million for the third quarter of 2023, compared with $7.8 million for the second quarter of 2023 and $9.2 million for the third quarter of 2022.

Tongmei Receives Initial Export Permits from China’s Central Ministry of Commerce for Gallium Arsenide and Germanium Substrates

Retrieved on: 
Wednesday, September 20, 2023

FREMONT, Calif., Sept. 20, 2023 (GLOBE NEWSWIRE) -- AXT, Inc. (Nasdaq: AXTI), a leading manufacturer of compound semiconductor substrates, today announced that Beijing Tongmei Xtal Technology Co., Ltd. (“Tongmei”), AXT’s subsidiary in Beijing, China, has met the applicable legal and commercial requirements and has received its initial export permits to resume shipping gallium arsenide and germanium substrates to certain customers.

Key Points: 
  • FREMONT, Calif., Sept. 20, 2023 (GLOBE NEWSWIRE) -- AXT, Inc. (Nasdaq: AXTI), a leading manufacturer of compound semiconductor substrates, today announced that Beijing Tongmei Xtal Technology Co., Ltd. (“Tongmei”), AXT’s subsidiary in Beijing, China, has met the applicable legal and commercial requirements and has received its initial export permits to resume shipping gallium arsenide and germanium substrates to certain customers.
  • Since China’s announcement of new export control regulations on gallium and germanium materials on July 3, 2023 and the subsequent implementation of those regulations on August 1, 2023, Tongmei has been working diligently with the appropriate Chinese authorities to ensure it understands and abides by all rules and regulations set out in the new gallium and germanium export controls.
  • Tongmei continues to work with the appropriate Chinese authorities to obtain the necessary permits for additional customers so that it can resume shipping gallium arsenide and germanium substrates to those customers in compliance with all export control regulations.

AXT, Inc. Announces Financial Conference Participation for the Third Quarter 2023

Retrieved on: 
Tuesday, August 8, 2023

FREMONT, Calif., Aug. 08, 2023 (GLOBE NEWSWIRE) -- AXT, Inc. (Nasdaq: AXTI), a leading manufacturer of compound semiconductor substrates, today announced that it will participate in the following financial conferences in the third quarter of 2023:

Key Points: 
  • FREMONT, Calif., Aug. 08, 2023 (GLOBE NEWSWIRE) -- AXT, Inc. (Nasdaq: AXTI), a leading manufacturer of compound semiconductor substrates, today announced that it will participate in the following financial conferences in the third quarter of 2023:
    4th Annual Needham Virtual Semiconductor and SemiCap 1x1 Conference on August 22, 2023
    Jefferies Semiconductor, IT Hardware & Communications Technology Summit on August 29, 2023 in Chicago, IL
    Northland Capital Markets Institutional Investor Conference on Sept. 19, 2023 in Minneapolis, MN

AXT, Inc. Announces Second Quarter 2023 Financial Results

Retrieved on: 
Thursday, August 3, 2023

GAAP gross margin was 9.2 percent of revenue for the second quarter of 2023, compared with 26.3 percent of revenue for the first quarter of 2023 and 39.1 percent for the second quarter of 2022.

Key Points: 
  • GAAP gross margin was 9.2 percent of revenue for the second quarter of 2023, compared with 26.3 percent of revenue for the first quarter of 2023 and 39.1 percent for the second quarter of 2022.
  • Non-GAAP gross margin was 9.8 percent of revenue for the second quarter of 2023, compared with 26.9 percent of revenue for the first quarter of 2023 and 39.4 percent for the second quarter of 2022.
  • GAAP operating expenses were $8.6 million for the second quarter of 2023, compared with $9.5 million for the first quarter of 2023 and $10.1 million for the second quarter of 2022.
  • Non-GAAP operating expenses were $7.8 million for the second quarter of 2023, compared with $8.7 million for the first quarter of 2023 and $9.1 million for the second quarter of 2022.

AXT, Inc. Addresses China’s Announcement of New Export Control Regulations

Retrieved on: 
Tuesday, July 4, 2023

FREMONT, Calif., July 03, 2023 (GLOBE NEWSWIRE) -- AXT, Inc. (Nasdaq: AXTI), a worldwide materials science company, today addressed the potential impact of the announcement of China’s new export control regulations on gallium- and germanium-related materials, which take effect on August 1, 2023.

Key Points: 
  • FREMONT, Calif., July 03, 2023 (GLOBE NEWSWIRE) -- AXT, Inc. (Nasdaq: AXTI), a worldwide materials science company, today addressed the potential impact of the announcement of China’s new export control regulations on gallium- and germanium-related materials, which take effect on August 1, 2023.
  • Tongmei, AXT’s subsidiary in China, expects to proceed to immediately seek permits from the applicable Chinese authorities to export gallium and germanium substrate products.
  • Indium phosphide substrates are not included in the new export control regulations, and, therefore, exports of indium phosphide will not require export approvals as part of these regulations.
  • The company also announced that it will report earnings for the second quarter of 2023 on Aug. 3, 2023 aftermarket.

AXT, Inc. to Participate in the 20th Annual Craig-Hallum Institutional Investor Conference

Retrieved on: 
Thursday, May 25, 2023

FREMONT, Calif., May 25, 2023 (GLOBE NEWSWIRE) -- AXT, Inc. (Nasdaq: AXTI), a leading manufacturer of compound semiconductor substrates, today announced that Gary L. Fischer, chief financial officer, will participate in the 20th Annual Craig-Hallum Institutional Investor Conference in Minneapolis on Wednesday, May 31st, 2023.

Key Points: 
  • FREMONT, Calif., May 25, 2023 (GLOBE NEWSWIRE) -- AXT, Inc. (Nasdaq: AXTI), a leading manufacturer of compound semiconductor substrates, today announced that Gary L. Fischer, chief financial officer, will participate in the 20th Annual Craig-Hallum Institutional Investor Conference in Minneapolis on Wednesday, May 31st, 2023.
  • AXT’s investor presentation is available through the investor relations portion of the company’s website at www.axt.com .

AXT, Inc. Announces First Quarter 2023 Financial Results

Retrieved on: 
Thursday, April 27, 2023

FREMONT, Calif., April 27, 2023 (GLOBE NEWSWIRE) -- AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor wafer substrates, today reported financial results for the first quarter, ended March 31, 2023.

Key Points: 
  • FREMONT, Calif., April 27, 2023 (GLOBE NEWSWIRE) -- AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor wafer substrates, today reported financial results for the first quarter, ended March 31, 2023.
  • GAAP gross margin was 26.3 percent of revenue for the first quarter of 2023, compared with 32.1 percent of revenue for the fourth quarter of 2022 and 33.6 percent for the first quarter of 2022.
  • GAAP operating expenses were $9.5 million for the first quarter of 2023, compared with $9.6 million for the fourth quarter of 2022 and $9.6 million for the first quarter of 2022.
  • Non-GAAP operating expenses were $8.7 million for the first quarter of 2023, compared with $9.0 million for the fourth quarter of 2022 and $8.6 million for the first quarter of 2022.

AXT, Inc. Announces Fourth Quarter and Fiscal Year 2022 Financial Results

Retrieved on: 
Thursday, February 16, 2023

Revenue for the fourth quarter of 2022 was $26.8 million, compared with $35.2 million in the third quarter of 2022 and $37.7 million for the fourth quarter of 2021.

Key Points: 
  • Revenue for the fourth quarter of 2022 was $26.8 million, compared with $35.2 million in the third quarter of 2022 and $37.7 million for the fourth quarter of 2021.
  • GAAP gross margin was 32.1 percent of revenue for the fourth quarter of 2022, compared with 42.0 percent of revenue in the third quarter of 2022 and 32.2 percent for the fourth quarter of 2021.
  • This compares with $10.2 million in the third quarter of 2022 and $9.1 million for the fourth quarter of 2021.
  • Fiscal Year 2022 Results (January 1 to December 31, 2022)
    Revenue for fiscal year 2022 was $141.1 million, compared with $137.4 million in fiscal year 2021.

AXT, Inc. to Present at the 25th Annual Needham Growth Conference

Retrieved on: 
Wednesday, December 28, 2022

FREMONT, Calif., Dec. 28, 2022 (GLOBE NEWSWIRE) -- AXT, Inc. (Nasdaq: AXTI), a leading manufacturer of compound semiconductor substrates, today announced that Gary L. Fischer, chief financial officer, will present at the 25th Annual Needham Growth Conference in New York on Wednesday, Jan. 11th, 2023 at 3:45 p.m.

Key Points: 
  • FREMONT, Calif., Dec. 28, 2022 (GLOBE NEWSWIRE) -- AXT, Inc. (Nasdaq: AXTI), a leading manufacturer of compound semiconductor substrates, today announced that Gary L. Fischer, chief financial officer, will present at the 25th Annual Needham Growth Conference in New York on Wednesday, Jan. 11th, 2023 at 3:45 p.m.
  • ET.
  • A webcast of the presentation will be available through the investor relations portion of the company’s website at www.axt.com .