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 material science company that develops and manufactures high-performance compound and single element semiconductor substrate wafers, with a focus on indium phosphide, gallium arsenide and germanium. The company’s news flow reflects its role in supplying specialty substrates for applications such as 5G infrastructure, data center connectivity using silicon photonics, passive optical networks, LED lighting, lasers, sensors, power amplifiers for wireless devices and satellite solar cells.
News about AXT often centers on quarterly financial results, where the company reports revenue, margins and net income or loss, along with management commentary on demand trends for its substrates. Investors can follow updates on how export control permits in China affect shipments of indium phosphide and gallium arsenide products and how these factors influence reported revenue in specific periods.
AXT also issues press releases about capital markets activity, including underwritten public offerings of common stock under its shelf registration statement on Form S-3. These announcements describe intended uses of proceeds, such as expanding manufacturing capacity at its subsidiary Beijing Tongmei Xtal Technology Co., Ltd., supporting research and development of new or improved products and funding general corporate and working capital needs.
Additional AXTI news items include participation in investor conferences, preliminary revenue ranges ahead of earnings releases, updates on the proposed STAR Market listing of its Tongmei subsidiary, and corporate governance developments such as board changes and Nasdaq listing rule compliance matters. For investors tracking AXTI stock, this news page provides a centralized view of company press releases and related disclosures that describe operational performance, regulatory developments and strategic priorities.
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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