---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-001218"
form_type: "8-K"
ticker: "AXTI"
cik: "0001051627"
company_name: "AXT INC"
filed_at: "2025-02-20T23:59:59+00:00"
generated_at: "2026-05-26T07:56:37.145127+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-25-001218
- form_type: 8-K
- ticker: AXTI
- cik: 0001051627
- company_name: AXT INC
- filed_at: 2025-02-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1051627/000155837025001218/0001558370-25-001218-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1051627/000155837025001218/axti-20250220x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-001218
- JSON: https://secwatch.observer/filing/0001558370-25-001218.json
- Plain text: https://secwatch.observer/filing/0001558370-25-001218.txt

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