secwatch.observer — SEC 8-K summary
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Issuer:     AXT INC (AXTI)
CIK:        0001051627
Form:       8-K
Filed at:   2025-02-20T23:59:59+00:00
Accession:  0001558370-25-001218
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1051627/000155837025001218/0001558370-25-001218-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1051627/000155837025001218/axti-20250220x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-001218

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer