AXT, Inc. Schedules First Quarter Earnings Release for April 27, 2023

Rhea-AI Summary

AXT, Inc. (AXTI), a manufacturer of compound semiconductor substrates, will release its first-quarter 2023 financial results on April 27, 2023, after market close. A conference call is scheduled for the same day at 1:30 p.m. PT to discuss the results. Investors can access the call at (888) 300-4150, with a passcode of 7175811, or via a live simulcast on the company's website. Replays will be available until May 11, 2023. AXT specializes in high-performance compound and single-element semiconductor substrate wafers, essential for advanced semiconductor applications. Their products serve various markets, including 5G infrastructure, data centers, and LED lighting, showcasing the company's position in the growing semiconductor industry.

Positive

• Scheduled release of first-quarter 2023 financial results indicates potential for transparency and investor engagement.
• Diverse end markets for AXT's products (5G, data centers, LED lighting) suggest robust growth opportunities.

Negative

• None.

FREMONT, Calif., April 10, 2023 (GLOBE NEWSWIRE) -- AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor substrates, will announce its financial results for the first quarter 2023 in a press release immediately following the close of market on April 27, 2023.

The company will also host a conference call to discuss these results on April 27, 2023 at 1:30 p.m. PT. The conference call can be accessed at (888) 300-4150 (passcode 7175811). The call will also be simulcast at www.axt.com. Replays will be available at (800) 770-2030 (passcode 7175811) until May 11, 2023. Additional investor information can be accessed at http://www.axt.com or by calling the company’s Investor Relations Department at (510) 438-4700.

About AXT, Inc.

AXT is a material science company that develops and manufactures high-performance compound and single element semiconductor substrate wafers comprising indium phosphide (InP), gallium arsenide (GaAs) and germanium (Ge). The company’s substrate wafers are used when a typical silicon substrate wafer cannot meet the performance requirements of a semiconductor or optoelectronic device. End markets include 5G infrastructure, data center connectivity (silicon photonics), passive optical networks, LED lighting, lasers, sensors, power amplifiers for wireless devices and satellite solar cells. AXT’s worldwide headquarters are in Fremont, California and includes sales, administration and customer service functions. AXT has its Asia headquarters in Beijing, China and manufacturing facilities in three separate locations in China. In addition, as part of its supply chain strategy, the Company has partial ownership in ten companies in China producing raw materials for its manufacturing process. For more information, see AXT’s website at http://www.axt.com.

Contacts:
   Gary Fischer
   Chief Financial Officer
   (510) 438-4700

   Leslie Green                
   Green Communications Consulting, LLC
   (650) 312-9060

FAQ

When will AXT, Inc. announce its first-quarter 2023 financial results?

AXT, Inc. will announce its first-quarter 2023 financial results on April 27, 2023, after market close.

What time is AXT's conference call regarding first-quarter results?

The conference call will take place on April 27, 2023, at 1:30 p.m. PT.

How can I access the conference call for AXT's financial results?

You can access the conference call at (888) 300-4150 with passcode 7175811, or via a simulcast on AXT's website.

What markets do AXT's semiconductor substrates serve?

AXT's substrates serve markets including 5G infrastructure, data center connectivity, passive optical networks, LED lighting, and more.

Where is AXT, Inc. headquartered?

AXT, Inc. is headquartered in Fremont, California.