For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Has AXT (AXTI) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.AXT is one of 618 companies in the Computer and Technology group. The Computer and Technology group currently sits at #5 within the Zacks Sector Rank. T ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 000-24085 AXT, INC. (Exact name of registrant as specified in its charter) Delaware 94-3031310 (State or other jurisdi ...

There are some undervalued artificial intelligence (AI) penny stocks that are a great fit for investor’s portfolios. These companies trade at cheap valuations for a reason: namely, they have limited operating histories and there is a significant amount of speculation involving their future trajectories.However I’m also confident that these AI penny stocks could potentially become multi-baggers for those who have the the right risk tolerance. One should be prepared to hold shares of these companies for the l ...

Penny stocks get a bad rap, but for investors with high risk tolerance, they can provide outsized returns. Many quality businesses start out trading at penny stock levels before surging higher once Wall Street takes notice. Penny stocks present an opportunity to get in early on hypergrowth companies before their core strengths become widely known. That’s if you combine it with the right research and selective investing. This has led to this list of penny stocks to turn $5 into $500.Certain penny stocks trad ...

AXT Inc (AXTI) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, AXTI's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross."Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, sinc ...

AXT, Inc. (NASDAQ:AXTI) Q4 2023 Results Conference Call February 22, 2024 4:30 PM ET Company Participants Leslie Green - IR Morris Young - CEO Gary Fischer - CFO Conference Call Participants Richard Shannon - Craig-Hallum Charles Shi - Needham & Company Operator Good afternoon, everyone, and welcome to AXT's Fourth Quarter and Fiscal Year 2023 Financial Conference Call. Leading the call today is Dr. Morris Young, Chief Executive Officer; and Gary Fischer, Chief Financial Officer. My name is Eric, and I will ...

AXT (AXTI) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to earnings of $0.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 46.15%. A quarter ago, it was expected that this semiconductor materials supplier would post a loss of $0.13 per share when it actually produced a loss of $0.12, delivering a surprise of 7.69%.Over the last four quarters, the comp ...

Revenue Performance - Revenue for Q4 2023 was $20.4 million, a sequential increase of 18% from $17.4 million in Q3 2023, but down from $26.8 million in Q4 2022[5] - Fiscal year 2023 revenue was $75.8 million, significantly down from $141.1 million in fiscal year 2022[8] - Revenue for Q4 2023 was $20,429 million, a decrease of 23.6% from $26,795 million in Q4 2022[20] Profitability Metrics - GAAP gross margin for Q4 2023 was 22.6%, up from 10.7% in Q3 2023, but down from 32.1% in Q4 2022[5] - Non-GAAP gross margin for fiscal year 2023 was 18.1%, down from 37.2% in fiscal year 2022[8] - Gross profit for Q4 2023 was $4,627 million, down 46.1% from $8,596 million in Q4 2022[20] - GAAP net loss for fiscal year 2023 was ($17.9) million, or ($0.42) per share, compared to net income of $15.8 million, or $0.37 per share in fiscal year 2022[9] - Non-GAAP net loss for Q4 2023 was ($2.8) million, or ($0.07) per share, compared to a net loss of ($4.9) million, or ($0.12) per share in Q3 2023[7] - Net loss attributable to AXT, Inc. for Q4 2023 was $3,621 million, compared to a net income of $1,341 million in Q4 2022[20] - Basic net income (loss) per share for Q4 2023 was $(0.09), compared to $0.03 in Q4 2022[20] Operating Performance - GAAP operating loss for Q4 2023 was ($3.6) million, an improvement from a loss of ($6.7) million in Q3 2023[6] - Total operating expenses for Q4 2023 were $8,187 million, a reduction of 14.5% from $9,597 million in Q4 2022[20] Cash and Assets - Cash and cash equivalents increased to $37,752 million in Q4 2023 from $34,948 million in Q4 2022[22] - Total assets decreased to $358,701 million in Q4 2023 from $370,072 million in Q4 2022[22] - Total liabilities increased to $89,555 million in Q4 2023 from $80,326 million in Q4 2022[22] Market Trends and Outlook - Management noted increased orders for indium phosphide driven by demand in AI and fiber optic applications[4] - The gallium arsenide market has largely worked through excess inventory, reflecting improved demand[4] - AXT is optimistic about 2024, citing trends in revenue and customer expansion, particularly in AI applications[4] Shareholder Information - Weighted-average number of common shares outstanding for Q4 2023 was 42,851 million, compared to 42,705 million in Q4 2022[25] - Non-GAAP net loss for Q4 2023 was $2,799 million, compared to a non-GAAP net income of $2,086 million in Q4 2022[25]

FREMONT, Calif., Jan. 23, 2024 (GLOBE NEWSWIRE) -- AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor substrates, will announce its financial results for the fourth quarter 2023 in a press release immediately following the close of market on February 22, 2024. The company will also host a conference call to discuss these results on February 22, 2024 at 1:30 p.m. PT. The conference call can be accessed at (800) 715-9871 (passcode 4378083). The call will also be simulcast at www.axt. ...

FREMONT, Calif., Jan. 23, 2024 (GLOBE NEWSWIRE) -- AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor substrates, will announce its financial results for the fourth quarter 2023 in a press release immediately following the close of market on February 22, 2024. The company will also host a conference call to discuss these results on February 22, 2024 at 1:30 p.m. PT. The conference call can be accessed at (800) 715-9871 (passcode 4378083). The call will also be simulcast at www.axt. ...