AXT Inc (AXTI) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 9, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AXTI SEC filings page.
AXT Inc (AXTI) reported $125.5M in revenue over the twelve months to Jun 30, 2026, up 45.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
AXT’s operations remain loss-making and cash-consuming, while FY2025’s financing inflow expanded liquidity without repairing weak margins.
The balance sheet strengthened mainly through financing rather than operations: FY2025 financing cash flow was$107M while operating cash flow was-$12.8M . Shares outstanding also rose to 55.6M from 45.6M, so improved liquidity came alongside greater equity dilution rather than internally generated cash.
FY2025 revenue fell
Operating cash flow moved from
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of AXT Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
AXT Inc held $120.3M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $12.8M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and AXT Inc scores 76/100 among other emerging companies.
AXT Inc had 56M shares outstanding at the end of fiscal year 2025, against 46M in fiscal year 2024. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and AXT Inc scores 46/100 among other emerging companies.
AXT Inc spent $9.0M on research and development in fiscal year 2025, which was 8.2% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and AXT Inc scores 32/100 among other emerging companies.
AXT Inc reported revenue of $88.3M in fiscal year 2025, against $99.4M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and AXT Inc scores 52/100 among other emerging companies.
Not available for AXT Inc, and counted as zero in the overall score.
AXT Inc's cash, cash equivalents and investments came to $120.3M at the end of fiscal year 2025, against $99.1M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and AXT Inc scores 63/100 among other emerging companies.
AXT Inc scores 28.70, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($4.7B) relative to total liabilities ($99.1M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
AXT Inc passes 2 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
AXT Inc reported a net loss of $21.3M while operations used $12.8M of cash. With neither figure positive, the ratio between the two carries no quality signal.
AXT Inc reported an operating loss of $22.0M against $1.3M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
AXT Inc generated $47.6M in revenue in Q2 2026. This represents an increase of 164.8% from the same quarter a year earlier. Against the prior quarter it is up 76.8%.
AXT Inc's EBITDA was $12.9M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 388.3% from the same quarter a year earlier. Against the prior quarter it is up 1421.1%.
AXT Inc reported $11.1M in net income in Q2 2026. This represents an increase of 258.8% from the same quarter a year earlier. Against the prior quarter it is up 786.9%.
AXT Inc earned $0.17 per diluted share (EPS) in Q2 2026. This represents an increase of 206.3% from the same quarter a year earlier. Against the prior quarter it is up 666.7%.
Cash & Balance Sheet
AXT Inc generated $3.6M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 173.3% from the same quarter a year earlier. Against the prior quarter it is up 127.3%.
AXT Inc held $412.2M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
AXT Inc's gross margin was 44.9% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 36.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 15.3 percentage points.
AXT Inc's operating margin was 21.9% in Q2 2026, reflecting core business profitability. This is up 59.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 27.8 percentage points.
AXT Inc's net profit margin was 23.4% in Q2 2026, showing the share of revenue converted to profit. This is up 62.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 29.4 percentage points.
AXT Inc's ROE was 1.3% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 5.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.8 percentage points.
Capital Allocation
AXT Inc invested $3.7M in research and development in Q2 2026. This represents an increase of 44.6% from the same quarter a year earlier. Against the prior quarter it is up 21.2%.
AXT Inc invested $7.2M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 2490.0% from the same quarter a year earlier. Against the prior quarter it is up 426.7%.
Not reported for Q2 2026.
AXTI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $47.6M+164.8% | $26.9M+39.1% | $23.0M-8.2% | $28.0M+18.2% | $18.0M-35.6% | $19.4M-14.7% | $25.1M+22.9% | $23.6M+36.2% |
| Cost of Revenue | $26.2M+58.5% | $18.9M-8.0% | $18.2M-12.0% | $21.7M+21.0% | $16.5M-18.4% | $20.6M+24.1% | $20.7M | $18.0M+15.9% |
| Gross Profit | $21.4M+1391.0% | $8.0M+742.9% | $4.8M+9.5% | $6.2M+9.5% | $1.4M-81.3% | -$1.2M-120.4% | $4.4M-4.7% | $5.7M+204.5% |
| R&D Expenses | $3.7M+44.6% | $3.0M-3.4% | $2.4M-42.1% | $1.0M-70.5% | $2.5M-32.8% | $3.1M-3.0% | $4.1M | $3.4M+17.5% |
| SG&A Expenses | $7.3M+29.0% | $6.6M+10.7% | $6.3M-2.7% | $6.3M+12.1% | $5.7M-2.2% | $5.9M-5.0% | $6.4M | $5.7M-0.3% |
| Operating Income | $10.4M+254.5% | -$1.6M+84.6% | -$3.8M+37.8% | -$1.1M+67.0% | -$6.7M-257.8% | -$10.3M-207.0% | -$6.2M | -$3.4M+49.4% |
| EBITDA | $12.9M+388.3% | $850K+110.6% | -$1.5M+61.4% | $1.2M+206.6% | -$4.5M-1335.5% | -$8.1M-597.1% | -$3.9M | -$1.1M+75.6% |
| Interest Expense | N/A | N/A | N/A | $395K+1.0% | $202K-28.4% | N/A | N/A | $391K |
| Income Tax | $2.1M+263.0% | $430K+481.1% | $501K+343.4% | $504K-19.5% | $579K+378.5% | $74K-73.0% | $113K | $626K+719.8% |
| Net Income | $11.1M+258.8% | -$1.6M+81.6% | -$3.5M+30.3% | -$1.9M+35.1% | -$7.0M-362.3% | -$8.8M-322.4% | -$5.1M-40.5% | -$2.9M+49.6% |
| EPS (Basic) | $0.18+212.5% | -$0.03+85.0% | -$0.08+33.3% | -$0.04+42.9% | -$0.16-300.0% | -$0.20-300.0% | -$0.12-33.3% | -$0.07+50.0% |
| EPS (Diluted) | $0.17+206.3% | -$0.03+85.0% | -$0.08+33.3% | -$0.04+42.9% | -$0.16-300.0% | -$0.20-300.0% | -$0.12-33.3% | -$0.07+50.0% |
| Diluted Shares (Avg) | 63M+45.2% | 53M+22.4% | N/A | 44M+1.6% | 44M+1.4% | 44M+1.3% | N/A | 43M+1.2% |
AXTI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.1B+233.5% | $444.6M+33.3% | $433.8M+27.8% | $334.0M-6.1% | $329.0M-5.8% | $333.5M-4.4% | $339.3M-5.4% | $355.6M+3.9% |
| Current Assets | $598.8M+313.1% | $253.8M+69.7% | $246.6M+55.8% | $149.8M-10.8% | $145.0M-13.4% | $149.5M-8.7% | $158.3M-7.3% | $167.9M+4.7% |
| Cash & Equivalents | $412.2M+1426.1% | $41.8M+32.2% | $120.3M+426.7% | $23.1M-7.2% | $27.0M-2.9% | $31.6M+22.5% | $22.8M-39.5% | $24.9M-12.7% |
| Short-Term Investments | $5.0M | $65.4M | $0 | $0 | $0-100.0% | $0-100.0% | $0-100.0% | $0-100.0% |
| Inventory | $96.3M+20.3% | $90.2M+12.1% | $81.7M-4.0% | $77.7M-9.8% | $80.1M-6.7% | $80.4M-6.4% | $85.1M-1.6% | $86.1M-0.3% |
| Accounts Receivable | $36.7M+60.9% | $32.0M+40.0% | $26.8M+4.7% | $33.8M+21.0% | $22.8M-16.1% | $22.9M-8.8% | $25.6M+33.2% | $28.0M+48.1% |
| Long-Term Investments | $298.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $145.3M+64.5% | $107.6M+23.3% | $99.1M+17.4% | $93.6M+4.7% | $88.4M+2.4% | $87.3M+4.1% | $84.4M-5.7% | $89.4M+20.6% |
| Current Liabilities | $125.7M+58.0% | $97.9M+30.1% | $90.5M+22.1% | $84.9M+7.8% | $79.5M+6.6% | $75.3M+4.5% | $74.2M-9.1% | $78.8M+16.4% |
| Non-Current Liabilities | $19.7M+122.9% | $9.8M-19.0% | $8.6M-16.1% | $8.7M-18.0% | $8.8M-24.2% | $12.0M+1.5% | $10.2M+27.9% | $10.6M+64.3% |
| Total Equity | $887.3M+393.7% | $274.9M+48.6% | $273.3M+41.8% | $179.1M-10.8% | $179.7M-10.0% | $185.0M-8.0% | $192.8M-5.5% | $200.7M-1.7% |
| Retained Earnings | -$55.4M+6.8% | -$66.5M-26.8% | -$64.9M-48.7% | -$61.4M-59.1% | -$59.5M-66.9% | -$52.5M-53.7% | -$43.7M-36.3% | -$38.6M-35.7% |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
AXTI Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $10.8M+335.7% | -$11.7M-249.2% | $4.3M+237.8% | -$9.2M-68.9% | -$4.6M-642.8% | -$3.3M+62.0% | $1.3M-11.1% | -$5.4M-584.2% |
| Depreciation & Amortization | $2.5M+10.9% | $2.4M+9.5% | $2.3M+3.4% | $2.3M+0.4% | $2.3M+0.5% | $2.2M+1.4% | $2.2M-2.4% | $2.3M+5.3% |
| Stock-Based Compensation | N/A | $1.0M+60.2% | N/A | N/A | N/A | $646K-20.1% | N/A | N/A |
| Capital Expenditures | $7.2M+2490.0% | $1.4M+169.0% | $3.0M+1715.0% | $2.2M+131.1% | $279K+3.0% | $510K-88.4% | $167K-76.2% | $941K-78.5% |
| Free Cash Flow | $3.6M+173.3% | -$13.1M-238.6% | $1.3M+14.1% | -$11.3M-78.1% | -$4.9M-948.8% | -$3.9M+70.8% | $1.1M+51.9% | -$6.4M-22.8% |
| Investing Cash Flow | -$246.9M-29293.2% | -$67.3M-8457.3% | -$3.0M-587.3% | -$2.2M-579.1% | -$840K-53.8% | -$786K+79.9% | -$441K-119.7% | $454K+125.4% |
| Financing Cash Flow | $621.4M+193669.2% | $8.0M+16.2% | $95.3M+1992.1% | $5.2M+530.1% | -$321K-119.1% | $6.9M+244.1% | -$5.0M-179.1% | $824K+43.8% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
AXTI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 44.9%+36.9pp | 29.6%+36.0pp | 20.9%+3.4pp | 22.3%-1.8pp | 8.0%-19.4pp | -6.4%-33.3pp | 17.6%-5.1pp | 24.0%+13.3pp |
| Operating Margin | 21.9%+59.4pp | -5.9%+47.2pp | -16.6%+7.9pp | -4.0%+10.4pp | -37.5%-30.8pp | -53.1%-38.3pp | -24.6% | -14.4%+24.3pp |
| Net Margin | 23.4%+62.4pp | -6.0%+39.4pp | -15.4%+4.9pp | -6.8%+5.6pp | -39.0%-33.6pp | -45.5%-36.3pp | -20.3%-2.5pp | -12.4%+21.1pp |
| Return on Equity | 1.3%+5.2pp | -0.6%+4.2pp | -1.3%+1.3pp | -1.1%+0.4pp | -3.9%-3.1pp | -4.8%-3.7pp | -2.6%-0.9pp | -1.5%+1.4pp |
| Return on Assets | 1.0%+3.1pp | -0.4%+2.3pp | -0.8%+0.7pp | -0.6%+0.3pp | -2.1%-1.7pp | -2.6%-2.0pp | -1.5%-0.5pp | -0.8%+0.9pp |
| Current Ratio | 4.77+2.9x | 2.59+0.6x | 2.72+0.6x | 1.76-0.4x | 1.82-0.4x | 1.99-0.3x | 2.130.0x | 2.13-0.2x |
| Debt-to-Equity | 0.16-0.3x | 0.39-0.1x | 0.36-0.1x | 0.52+0.1x | 0.49+0.1x | 0.47+0.1x | 0.440.0x | 0.45+0.1x |
| Asset Turnover | 0.040.0x | 0.060.0x | 0.050.0x | 0.080.0x | 0.050.0x | 0.060.0x | 0.070.0x | 0.070.0x |
| FCF Margin | 7.5%+34.5pp | -48.5%-28.6pp | 5.5%+1.1pp | -40.5%-13.6pp | -27.0%-29.1pp | -19.9%+38.3pp | 4.4%+0.8pp | -26.9%+2.9pp |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| AXT Inc AXTI | FY2025 | $88.3M | -$21.3M | -24.1% | $4.7B | 45/100 |
| Amtech Systems Inc ASYS | FY2025 | $79.4M | -$30.3M | -38.2% | $308.1M | 53/100 |
| inTEST Corporation INTT | FY2025 | $113.8M | -$2.5M | -2.2% | $187.8M | 50/100 |
| Atomera Incorporated ATOM | FY2025 | $65K | -$20.2M | N/A | $170.5M | — |
| Ichor Holdings ICHR | FY2025 | $947.7M | -$52.8M | -5.6% | $2.3B | 49/100 |
| Veeco Instruments Inc VECO | FY2025 | $664.3M | $35.4M | 5.3% | $3.3B | 57/100 |
Where AXT Inc Ranks
Frequently Asked Questions
What is AXT Inc's annual revenue?
AXT Inc (AXTI) reported $88.3M in total revenue for fiscal year 2025. This represents a -11.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is AXT Inc's revenue growing?
AXT Inc (AXTI) revenue declined by 11.1% year-over-year, from $99.4M to $88.3M in fiscal year 2025.
Is AXT Inc profitable?
No, AXT Inc (AXTI) reported a net income of -$21.3M in fiscal year 2025, with a net profit margin of -24.1%.
What is AXT Inc's EBITDA?
AXT Inc (AXTI) had EBITDA of -$12.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is AXT Inc's gross margin?
AXT Inc (AXTI) had a gross margin of 12.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is AXT Inc's operating margin?
AXT Inc (AXTI) had an operating margin of -24.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is AXT Inc's net profit margin?
AXT Inc (AXTI) had a net profit margin of -24.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is AXT Inc's return on equity (ROE)?
AXT Inc (AXTI) has a return on equity of -7.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is AXT Inc's free cash flow?
AXT Inc (AXTI) recorded an outflow of $18.8M in free cash flow during fiscal year 2025. This represents a -5.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is AXT Inc's operating cash flow?
AXT Inc (AXTI) recorded an outflow of $12.8M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are AXT Inc's total assets?
AXT Inc (AXTI) had $433.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What are AXT Inc's capital expenditures?
AXT Inc (AXTI) invested $6.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does AXT Inc spend on research and development?
AXT Inc (AXTI) invested $9.0M in research and development during fiscal year 2025.
What is AXT Inc's current ratio?
AXT Inc (AXTI) had a current ratio of 2.72 as of fiscal year 2025, which is generally considered healthy.
What is AXT Inc's debt-to-equity ratio?
AXT Inc (AXTI) had a debt-to-equity ratio of 0.36 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is AXT Inc's return on assets (ROA)?
AXT Inc (AXTI) had a return on assets of -4.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is AXT Inc's P/E ratio?
AXT Inc (AXTI) has no price-to-earnings ratio at the moment: outside the range published as a multiple (on $4.1M net income, trailing 12 months to June 30, 2026). The market capitalization is $4.7B as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is AXT Inc's price-to-sales ratio?
AXT Inc (AXTI) trades at 37.4x sales, its market capitalization divided by revenue of $125.5M revenue, trailing 12 months to June 30, 2026. The market capitalization is $4.7B as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does AXT Inc's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, AXT Inc (AXTI) held $120.3M in cash, cash equivalents and investments, and reported an operating cash outflow of $12.8M over that year. Dividing the one by the other, the reported balance equals about 113 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is AXT Inc's Altman Z-Score?
AXT Inc (AXTI) has an Altman Z-Score of 28.70, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is AXT Inc's Piotroski F-Score?
AXT Inc (AXTI) has a Piotroski F-Score of 2 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are AXT Inc's earnings high quality?
AXT Inc (AXTI) reported a net loss of $21.3M while operations used $12.8M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can AXT Inc cover its interest payments?
AXT Inc (AXTI) reported an operating loss of $22.0M against $1.3M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is AXT Inc?
AXT Inc (AXTI) scores 45 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.