AXT pre-announces Q1 2024 revenue of $22.4-$22.7M, beating prior guidance

AXT INC

Preliminary Q1 2024 revenue expected $22.4M–$22.7M, above prior guidance of $20M–$22M.
Growth driven by indium phosphide and gallium arsenide substrates for AI/data center, infrastructure, wireless, industrial lasers.
Full Q1 2024 earnings release scheduled for May 2, 2024 after market close.

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 0.95

AXT INC reported first quarter ended March 31, 2024 results: revenue $22.4 to $22.7 million.

Period: first quarter ended March 31, 2024
Revenue: $22.4 to $22.7 million
Result: preliminary results

Exact text from the filing

AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor substrates, today announced that it expects to report revenue in the range of $22.4 to $22.7 million for the first quarter ended March 31, 2024, exceeding the company’s prior guidance for the first quarter of 2024 of $20 million to $22 million.

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Source: SEC EDGAR

accession 0001558370-24-004808

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