{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-001530","form_type":"8-K","ticker":"AXTI","cik":"0001051627","company_name":"AXT INC","filed_at":"2024-02-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.237121+00:00","generated_at":"2026-06-05T18:13:16.771342+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"AXT Q4 revenue $20.4M (+18% seq), net loss $0.09; FY revenue falls to $75.8M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-001530","json":"https://secwatch.observer/filing/0001558370-24-001530.json","markdown":"https://secwatch.observer/filing/0001558370-24-001530.md","text":"https://secwatch.observer/filing/0001558370-24-001530.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1051627/000155837024001530/0001558370-24-001530-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1051627/000155837024001530/axti-20240222x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T18:13:16.771342+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":"11415cd51b72973a7b6da328ccb101dc13f556a7","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1051627/000155837024001530/0001558370-24-001530-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2023"},{"label":"Revenue","value":"$20.4 million"},{"label":"Net income","value":"($3.6) million"},{"label":"EPS","value":"($0.09) per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"eac8933479842afc54a2c66c726ba8989fa620b6","claim":"AXT INC reported fiscal year ended December 31, 2023 results: revenue $75.8 million, net income ($17.9) million, EPS ($0.42) per share.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1051627/000155837024001530/0001558370-24-001530-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year ended December 31, 2023"},{"label":"Revenue","value":"$75.8 million"},{"label":"Net income","value":"($17.9) million"},{"label":"EPS","value":"($0.42) 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"}