AXT Q4 revenue $26.8M, down 29% YoY; GAAP EPS $0.03 vs $0.07 YoY

AXT INC

2022-FY EPS reported $0.37 revenue$141,118,000

Q4 revenue $26.8M (-29% YoY); GAAP net income $1.3M ($0.03/share) vs $3.0M ($0.07) a year ago.
GAAP gross margin 32.1% vs 42.0% in Q3; non-GAAP operating loss $0.3M.
FY2022 revenue $141.1M (+3% YoY); GAAP net income $15.8M ($0.37) vs $14.6M ($0.34).
Subsidiary Tongmei's STAR Market IPO approved by SSE in July 2022, CSRC review ongoing.

item 2.02 item 9.01

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 financial results for the fourth quarter and fiscal year ended December 31, 2022.

Period: the fourth quarter and fiscal year ended December 31, 2022
Result: reported results

Exact text from the filing

On February 16, 2023, AXT, Inc. issued a press release announcing its financial results for the quarter and fiscal year ended December 31, 2022.

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Source: SEC EDGAR

accession 0001558370-23-001447

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