{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-23-017419","form_type":"8-K","ticker":"AXTI","cik":"0001051627","company_name":"AXT INC","filed_at":"2023-11-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.047247+00:00","generated_at":"2026-06-08T23:13:36.167187+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"AXT reports Q3 2023 revenue of $17.4M, net loss of $5.8M","bullets":["Revenue $17.4M, down from $35.2M in Q3 2022 (YoY decline ~51%).","GAAP net loss $5.8M ($0.14/share) vs net income $5.8M ($0.13/share) a year ago.","GAAP gross margin 10.7% vs 42.0% a year ago; non-GAAP gross margin 11.3% vs 42.2%.","Non-GAAP net loss $4.9M ($0.12/share) vs income $6.8M ($0.16/share) a year ago.","CEO cites stable demand, early data center improvement; inventory rationalization may persist."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-23-017419","json":"https://secwatch.observer/filing/0001558370-23-017419.json","markdown":"https://secwatch.observer/filing/0001558370-23-017419.md","text":"https://secwatch.observer/filing/0001558370-23-017419.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1051627/000155837023017419/0001558370-23-017419-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1051627/000155837023017419/axti-20231102x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T23:13:36.167187+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":"2243dc93980e0351cd5aa0ccdf34bb5298a7e9d0","claim":"AXT INC reported third quarter, ended September 30, 2023 results: revenue $17.4 million, net income GAAP net loss of ($5.8) million, EPS ($0.14) 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 third quarter of 2023 was $17.4 million, compared with $18.6 million for the second quarter of 2023 and $35.2 million for the third quarter of 2022. ​ ● GAAP gross margin was 10.7 percent of revenue for the third","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1051627/000155837023017419/0001558370-23-017419-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter, ended September 30, 2023"},{"label":"Revenue","value":"$17.4 million"},{"label":"Net income","value":"GAAP net loss of ($5.8) million"},{"label":"EPS","value":"($0.14) 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"}