secwatch.observer — SEC 8-K summary
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Issuer:     AXT INC (AXTI)
CIK:        0001051627
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0001558370-23-007061
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AXT Q1 revenue $19.4M, down 51% YoY; GAAP EPS loss $0.08
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1051627/000155837023007061/0001558370-23-007061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1051627/000155837023007061/axti-20230427x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-007061

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