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