---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-001447"
form_type: "8-K"
ticker: "AXTI"
cik: "0001051627"
company_name: "AXT INC"
filed_at: "2023-02-16T23:59:59+00:00"
generated_at: "2026-06-19T08:37:07.226576+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-23-001447
- form_type: 8-K
- ticker: AXTI
- cik: 0001051627
- company_name: AXT INC
- filed_at: 2023-02-16T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1051627/000155837023001447/0001558370-23-001447-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1051627/000155837023001447/axti-20230216x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-001447
- JSON: https://secwatch.observer/filing/0001558370-23-001447.json
- Plain text: https://secwatch.observer/filing/0001558370-23-001447.txt

## Key facts
- Earnings Releases
  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
  source text: On February 16, 2023, AXT, Inc. issued a press release announcing its financial results for the quarter and fiscal year ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1051627/000155837023001447/0001558370-23-001447-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.