secwatch.observer — SEC 8-K summary
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Issuer:     AXT INC (AXTI)
CIK:        0001051627
Form:       8-K
Filed at:   2023-02-16T23:59:59+00:00
Accession:  0001558370-23-001447
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1051627/000155837023001447/0001558370-23-001447-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1051627/000155837023001447/axti-20230216x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-001447

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