---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-014054"
form_type: "8-K"
ticker: "AXTI"
cik: "0001051627"
company_name: "AXT INC"
filed_at: "2024-10-31T23:59:59+00:00"
generated_at: "2026-05-30T07:13:53.942098+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-24-014054
- form_type: 8-K
- ticker: AXTI
- cik: 0001051627
- company_name: AXT INC
- filed_at: 2024-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1051627/000155837024014054/0001558370-24-014054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1051627/000155837024014054/axti-20241031x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-014054
- JSON: https://secwatch.observer/filing/0001558370-24-014054.json
- Plain text: https://secwatch.observer/filing/0001558370-24-014054.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.