secwatch.observer — SEC 8-K summary
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Issuer:     AXT INC (AXTI)
CIK:        0001051627
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0001558370-22-015506
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1051627/000155837022015506/0001558370-22-015506-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1051627/000155837022015506/axti-20221027x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-015506

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer