{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-23-007061","form_type":"8-K","ticker":"AXTI","cik":"0001051627","company_name":"AXT INC","filed_at":"2023-04-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.782354+00:00","generated_at":"2026-06-16T07:53:06.499687+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"AXT Q1 revenue $19.4M, down 51% YoY; GAAP EPS loss $0.08","bullets":["Revenue $19.4M vs $39.7M Q1 2022; GAAP net loss $3.3M ($0.08/sh) vs income $3.2M ($0.07).","GAAP operating loss $4.4M vs profit $3.7M YoY; gross margin 26.3% vs 33.6%.","Non-GAAP net loss $2.4M ($0.06/sh) vs income $4.3M ($0.10) Q1 2022.","CEO cites inventory correction; STAR Market IPO for Tongmei subsidiary still pending CSRC approval."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-23-007061","json":"https://secwatch.observer/filing/0001558370-23-007061.json","markdown":"https://secwatch.observer/filing/0001558370-23-007061.md","text":"https://secwatch.observer/filing/0001558370-23-007061.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1051627/000155837023007061/0001558370-23-007061-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1051627/000155837023007061/axti-20230427x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T07:53:06.499687+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"96173258ace12dc214a2bcf9190f0ae199a0dba8","claim":"AXT INC reported the first quarter ended March 31, 2023 results: revenue $19.4 million, net income a loss of ($3.3) million, or ($0.08) per share, EPS ($0.08) per share.","evidence_excerpt":"expense. Investors can find GAAP to non-GAAP reconciliation tables in the financial statements in this earnings release. ​ ● Revenue for the first quarter of 2023 was $19.4 million, compared with $26.8 million for the fourth quarter of 2022 and $39.7 million for the first quarter of 2022. ​ ● GAAP gross margin was 26.3 percent of revenue for the first","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1051627/000155837023007061/0001558370-23-007061-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2023"},{"label":"Revenue","value":"$19.4 million"},{"label":"Net income","value":"a loss of ($3.3) million, or ($0.08) per share"},{"label":"EPS","value":"($0.08) per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}