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AXT Inc. (symbol: AXTI) is a leading material science company specializing in the development and manufacturing of high-performance compound and single-element semiconductor substrates, commonly referred to as wafers. These substrates are essential components in the production of semiconductor chips and other electronic circuits. The company’s core products include gallium arsenide (GaAs), indium phosphide (InP), and germanium (Ge) substrates, which are used in various applications such as 5G infrastructure, data center connectivity, LED lighting, lasers, sensors, power amplifiers for wireless devices, and satellite solar cells.
Headquartered in Fremont, California, AXT Inc. manages its sales, administration, and customer service operations from this location. The company’s manufacturing facilities are strategically located in Beijing, China, which helps in optimizing production and distribution efficiencies. AXT Inc. also boasts a global business presence, with significant revenue contributions from regions including China, Europe, Japan, Taiwan, North America, and the Asia Pacific.
AXT Inc. prides itself on its comprehensive supply chain strategy. The company has partial ownership in more than ten companies in China that produce raw materials and consumables required for its manufacturing processes. This strategic investment ensures a stable and cost-effective supply of essential materials.
Recent achievements include a notable growth in revenue, with a reported 11% quarter-to-quarter increase and a remarkable 48% rise in indium phosphide revenue. The company has also been focusing on developing larger diameter substrates to cater to the demand for next-generation devices in various markets, including data centers and consumer electronics.
Despite some challenges, such as inventory rationalization and the necessity of obtaining permits from Chinese authorities for shipping certain substrates, AXT Inc. remains optimistic about its growth prospects. The company continues to prioritize cost savings, efficiency, and profitability while navigating the current market environment.
For more detailed information and latest updates, visit AXT Inc.’s official website at www.axt.com.
AXT, Inc. (NasdaqGS: AXTI) reported its fourth quarter and fiscal year results for 2022, highlighting a revenue of $26.8 million in Q4, down from $35.2 million in Q3 2022 and $37.7 million in Q4 2021. Fiscal year revenue reached $141.1 million, a slight increase from $137.4 million in 2021. GAAP net income for Q4 2022 was $1.3 million or $0.03 per share, compared to $5.8 million or $0.13 per share in Q3 2022. The company faced operating losses in Q4, with ongoing investments in product development and a focus on the STAR Market IPO for its subsidiary in China.
AXT, Inc. (NasdaqGS: AXTI) will announce its financial results for the fourth quarter 2022 and fiscal year 2022 on February 16, 2023, after market close. A conference call to discuss the results is scheduled for the same day at 1:30 p.m. PT, accessible via phone at (888) 300-4150 or online at www.axt.com. AXT specializes in compound semiconductor substrates used in 5G infrastructure and various optoelectronic devices. The company operates globally with its headquarters in Fremont, California, and has manufacturing facilities in China.
AXT, Inc. (Nasdaq: AXTI) has announced that its chief financial officer, Gary L. Fischer, will present at the 25th Annual Needham Growth Conference on January 11, 2023, at 3:45 p.m. ET in New York. Investors can access a webcast of the presentation on the company's investor relations website at www.axt.com.
AXT specializes in producing high-performance semiconductor substrates like indium phosphide, gallium arsenide, and germanium for various applications including 5G infrastructure and LED lighting.
AXT, Inc. (AXTI) reported Q3 2022 revenue of $35.2 million, a decrease from $39.5 million in Q2 2022 but an increase from $34.6 million in Q3 2021. GAAP net income was $5.8 million or $0.13 per share, up from $3.8 million or $0.09 per share year-over-year. Gross margin improved to 42.0% compared to 39.1% in Q2 2022 and 33.3% in Q3 2021. Indium phosphide revenue rose 12% over Q2 and 48% year-over-year, reflecting strong market demand. The company is also progressing with its subsidiary Tongmei's IPO on the STAR Market.
AXT, Inc. (NASDAQ: AXTI) has announced preliminary revenue for Q3 2022, estimating between $34 million and $35 million, which falls short of previous guidance of $39 million to $41 million. This decline is attributed to weakened macroeconomic conditions, particularly in China. CEO Morris Young expressed disappointment over the impact on near-term growth but maintained confidence in the company's strategy and market opportunities. A conference call is set for October 27, 2022, to discuss the final results.
AXT, Inc. (AXTI) reported a 22% year-over-year revenue growth for the first half of 2022, reaching $39.5 million in Q2. Gross margins improved to 39.1% compared to 36.3% in Q2 2021. The company recorded a net income of $5.5 million or $0.13 per share. AXT's subsidiary, Tongmei, received approval for its IPO on China's STAR Market, pending regulatory review. The management expresses optimism for future growth driven by strategic customer relationships and product advancements.
AXT, Inc. (NasdaqGS: AXTI) announced that its subsidiary, Tongmei, received approval from the Shanghai Stock Exchange for its initial public offering (IPO) on the STAR Market. This listing is contingent on further review by the China Securities Regulatory Commission. CEO Morris Young highlighted this milestone as crucial, noting that while the IPO timing remains uncertain, completing this step enhances confidence in a potential listing within 2022. The process is lengthy, with expectations for completion in Q4 2022, pending regulatory approvals.
AXT, Inc. (NasdaqGS: AXTI) will release its financial results for Q2 2022 on July 28, 2022, post-market close. A conference call to discuss these results is scheduled for the same day at 1:30 p.m. PT. Investors can register for the call via the provided link. AXT specializes in manufacturing high-performance semiconductor substrates, integral for various high-tech applications including 5G infrastructure, optical networks, LED lighting, and more. The company operates globally with headquarters in Fremont, California, and has manufacturing facilities in China.
AXT, Inc. (NasdaqGS: AXTI) announced that its China subsidiary, Beijing Tongmei Xtal Technology, has submitted additional documents for its IPO on the Shanghai Stock Exchange's STAR Market. This marks the fourth submission round, part of typical IPO procedures. For Q1 2022, Tongmei reported revenues of RMB 252.6 million and a net profit of RMB 20.4 million, showing increases from the previous year. Preliminary estimates for H1 2022 suggest revenues between RMB 456.2 million and RMB 557.6 million, with net profits expected between RMB 44.3 million and RMB 54.2 million. The IPO process is ongoing, and further updates are expected in H2 2022.
AXT, a manufacturer of compound semiconductor wafer substrates, reports a 26% revenue growth in Q1 2022, totaling $39.7 million. This marks the ninth consecutive quarter of revenue growth, driven by market share gains and expansion in various sectors, including telecom and healthcare. GAAP net income reached $3.2 million, or $0.07 per share. AXT's subsidiary, Tongmei, is in the process of going public on the STAR Market in China, with expectations for the second half of 2022. The company will discuss these results in a conference call today.
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