AXT Q4 revenue $20.4M (+18% seq), net loss $0.09; FY revenue falls to $75.8M

AXT INC

2023-FY EPS reported -$0.42 revenue$75,795,000

Q4 2023 revenue $20.4M, up 18% from Q3 $17.4M, down 24% YoY from $26.8M.
GAAP net loss $3.6M ($0.09/sh) vs Q3 loss $5.8M ($0.14) and Q4 2022 income $1.3M ($0.03).
FY 2023 revenue $75.8M vs $141.1M; net loss $17.9M ($0.42) vs income $15.8M ($0.37) in FY 2022.
CEO cites recovery signs: higher indium phosphide orders for AI and fiber optics; GaAs inventory largely cleared.
Subsidiary Tongmei's STAR Market IPO still under CSRC review; hopes to complete in coming months.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AXT INC reported the fourth quarter ended December 31, 2023 results: revenue $20.4 million, net income ($3.6) million, EPS ($0.09) per share.

Period: the fourth quarter ended December 31, 2023
Revenue: $20.4 million
Net income: ($3.6) million
EPS: ($0.09) per share
Result: reported results

Exact text from the filing

expense. Investors can find GAAP to non-GAAP reconciliation tables in the financial statements in this earnings release. ● Revenue for the fourth quarter of 2023 was $20.4 million, compared with $17.4 million in the third quarter of 2023 and $26.8 million for the fourth quarter of 2022. ● GAAP gross margin was 22.6 percent of revenue for the fourth

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AXT INC reported fiscal year ended December 31, 2023 results: revenue $75.8 million, net income ($17.9) million, EPS ($0.42) per share.

Period: fiscal year ended December 31, 2023
Revenue: $75.8 million
Net income: ($17.9) million
EPS: ($0.42) per share
Result: reported results

Exact text from the filing

net income of $2.1 million or $0.05 per share for the fourth quarter of 2022. Fiscal Year 2023 Results (January 1 to December 31, 2023) ● Revenue for fiscal year 2023 was $75.8 million, compared with $141.1 million in fiscal year 2022. ● GAAP gross margin for fiscal year 2023 was 17.6 percent of revenue, compared with 36.9 percent of revenue in fiscal year

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AXT INC filing history →

Source: SEC EDGAR

accession 0001558370-24-001530

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