AXT Q3 revenue $23.6M, down sequentially; net loss $0.07/share, YoY improvement

AXT INC

2024-Q3 EPS reported -$0.15 revenue$74,256,000

Revenue $23.6M, -15% QoQ from $27.9M, +36% YoY from $17.4M.
GAAP net loss $2.9M ($0.07/sh) vs Q2 loss $1.5M ($0.04) and Q3 2023 loss $5.8M ($0.14).
GAAP gross margin 24.0%, down from 27.4% QoQ but up from 10.7% YoY.
Non-GAAP net loss $2.1M ($0.05/sh) vs Q2 loss $0.8M ($0.02) and Q3 2023 loss $4.9M ($0.12).
STAR Market IPO of subsidiary Tongmei still pending CSRC approval; expects completion in coming months.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.