AXTI 8-K: AXT Q3 2022: Revenue $35.2M, GAAP EPS $0.13, Indium Phosphide revenue up 12% QoQ

AXT Q3 2022: Revenue $35.2M, GAAP EPS $0.13, Indium Phosphide revenue up 12% QoQ

AXT INC

2022-Q3 EPS reported $0.34 revenue$114,323,000

Revenue $35.2M, down 11% QoQ from $39.5M but up 2% YoY from $34.6M.

GAAP gross margin expanded to 42.0% from 39.1% QoQ and 33.3% YoY; non-GAAP 42.2%.

GAAP net income $5.8M ($0.13 EPS); non-GAAP net income $6.8M ($0.16 EPS).

Indium phosphide revenue grew 12% over Q2 to a record high; up 48% YoY.

Subsidiary Tongmei's STAR Market IPO: CSRC accepted application, target Q4 2022.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AXT INC reported quarter ended September 30, 2022 results: revenue $35.2 million, net income $5.8 million, EPS $0.13 per share.

Period: quarter ended September 30, 2022
Revenue: $35.2 million
Net income: $5.8 million
EPS: $0.13 per share
Result: reported results

Exact text from the filing

● Revenue for the third quarter of 2022 was $35.2 million, compared with $39.5 million for the second quarter of 2022 and $34.6 million for the third quarter of 2021. ● GAAP gross margin was 42.0 percent of revenue for the third quarter of 2022, compared with 39.1 percent of revenue for the second quarter of 2022 and 33.3 percent for the third quarter of 2021. ● Non-GAAP gross margin was 42.2 percent of revenue for the third quarter of 2022, compared with 39.4 percent of revenue for the second quarter of 2022 and 33.8 percent for the third quarter of 2021. AXT, Inc. Third Quarter 2022 Results October 27, 2022 Page 2 of 7 ● GAAP operating expenses were $10.2 million for the third quarter of 2022, compared with $10.1 million for the second quarter of 2022 and $9.1 million for the third quarter of 2021. ● Non-GAAP operating expenses were $9.2 million for the third quarter of 2022, compared with $9.1 million for the second quarter of 2022 and $7.7 million for the third

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