AXT reports FY2024 revenue up 31% to $99.4M; Q4 net loss of $5.1M widens sequentially

AXT INC

2024-FY EPS reported -$0.27 revenue$99,361,000

FY2024 revenue $99.4M (up 31% YoY); GAAP net loss $11.6M ($0.27/share) improves from $17.9M loss.
Q4 2024 revenue $25.1M (up 23% YoY); GAAP gross margin 17.6% vs 22.6% a year ago.
Q4 GAAP net loss $5.1M ($0.12/share) vs $3.6M loss in Q4 2023 and $2.9M loss in Q3 2024.
Non-GAAP FY2024 net loss $8.5M ($0.20/share) vs non-GAAP net income of $14.3M ($0.34) in FY2023.
Tongmei STAR Market IPO still awaiting CSRC approval; hopes to complete in coming months.

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