Welcome to our dedicated page for Axt news (Ticker: AXTI), a resource for investors and traders seeking the latest updates and insights on Axt stock.
AXT Inc (AXTI) is a leading developer of compound semiconductor substrates critical for advanced electronics and communications systems. This dedicated news hub provides investors and industry professionals with centralized access to official announcements, financial disclosures, and strategic developments.
Track key updates including quarterly earnings reports, manufacturing innovations, and material science breakthroughs in gallium arsenide and indium phosphide technologies. Our curated feed ensures timely access to operational milestones, partnership announcements, and leadership changes impacting AXTI's position in the semiconductor sector.
All content is sourced directly from company filings and verified industry publications, maintaining strict editorial neutrality. The resource serves both technical experts seeking substrate development details and investors analyzing market trends. Bookmark this page for efficient monitoring of AXTI's progress in enabling next-generation semiconductor applications across global markets.
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.
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.
