Welcome to our dedicated page for Axt news (Ticker: AXTI), a resource for investors and traders seeking the latest updates and insights on Axt stock.
AXT Inc (AXTI) is a leading developer of compound semiconductor substrates critical for advanced electronics and communications systems. This dedicated news hub provides investors and industry professionals with centralized access to official announcements, financial disclosures, and strategic developments.
Track key updates including quarterly earnings reports, manufacturing innovations, and material science breakthroughs in gallium arsenide and indium phosphide technologies. Our curated feed ensures timely access to operational milestones, partnership announcements, and leadership changes impacting AXTI's position in the semiconductor sector.
All content is sourced directly from company filings and verified industry publications, maintaining strict editorial neutrality. The resource serves both technical experts seeking substrate development details and investors analyzing market trends. Bookmark this page for efficient monitoring of AXTI's progress in enabling next-generation semiconductor applications across global markets.
AXT, Inc. reported strong first-quarter 2024 financial results with an 11% revenue growth quarter over quarter. The company's GAAP gross margin improved to 26.9%, and non-GAAP gross margin was 27.3% for the same quarter. The GAAP net loss was $2.1 million, while the non-GAAP net loss was $1.3 million in Q1 2024. AXT's subsidiary Tongmei's IPO application for the STAR Market was approved, showing promising future growth opportunities.
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