{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-25-006107","form_type":"8-K","ticker":"AXTI","cik":"0001051627","company_name":"AXT INC","filed_at":"2025-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.329581+00:00","generated_at":"2026-05-22T23:39:42.987341+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"AXT Q1 2025 revenue $19.4M; GAAP gross margin -6.4%; net loss $0.20/share","bullets":["Revenue $19.4M, down 23% sequentially from $25.1M and 15% YoY from $22.7M.","GAAP gross margin turned negative to (6.4)% from 17.6% in Q4 2024; non-GAAP (6.1)%.","GAAP net loss $8.8M ($0.20 per share) vs loss of $5.1M ($0.12) Q4 2024 and $2.1M ($0.05) Q1 2024.","Decline driven by 58% drop in indium phosphide sales from China trade restrictions, GaAs yield issues, and under-absorbed overhead.","Management expects gross margin improvement starting Q2 2025; Tongmei STAR Market IPO still pending CSRC approval."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-25-006107","json":"https://secwatch.observer/filing/0001558370-25-006107.json","markdown":"https://secwatch.observer/filing/0001558370-25-006107.md","text":"https://secwatch.observer/filing/0001558370-25-006107.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1051627/000155837025006107/0001558370-25-006107-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1051627/000155837025006107/axti-20250501x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T23:39:42.987341+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}