{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-006544","form_type":"8-K","ticker":"AXTI","cik":"0001051627","company_name":"AXT INC","filed_at":"2024-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.054933+00:00","generated_at":"2026-06-02T23:48:41.461535+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"AXT Q1 revenue $22.7M, up 11% QoQ; IP substrates up 48%; net loss narrows","bullets":["Revenue $22.7M, up 11% sequentially and 17% YoY; GAAP net loss ($2.1M) / ($0.05) vs ($3.6M)/$0.09 in Q4.","Indium phosphide substrate revenue surged 48% QoQ, driven by AI optical interconnects and data-center transceivers.","Non-GAAP gross margin 27.3% vs 23.2% in Q4; non-GAAP net loss narrowed to ($1.3M) / ($0.03) from ($2.8M).","Tongmei STAR Market IPO still pending CSRC approval; expects completion in coming months."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-006544","json":"https://secwatch.observer/filing/0001558370-24-006544.json","markdown":"https://secwatch.observer/filing/0001558370-24-006544.md","text":"https://secwatch.observer/filing/0001558370-24-006544.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1051627/000155837024006544/0001558370-24-006544-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1051627/000155837024006544/axti-20240502x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T23:48:41.461535+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":"e204355200cdf02cded58cc39109e00d11abd518","claim":"AXT INC reported first quarter, ended March 31, 2024 results: revenue $22.7 million, net income GAAP net loss ... ($2.1) million, EPS ($0.05) per share.","evidence_excerpt":"Revenue for the first quarter of 2024 was $22.7 million, compared with $20.4 million for the fourth quarter of 2023 and $19.4 million for the first quarter of 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1051627/000155837024006544/0001558370-24-006544-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter, ended March 31, 2024"},{"label":"Revenue","value":"$22.7 million"},{"label":"Net income","value":"GAAP net loss ... ($2.1) million"},{"label":"EPS","value":"($0.05) per share"},{"label":"Result","value":"reported results"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}