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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. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Class Outstanding at November 1, 2023 Common Stock, $0.001 par value 43,644,313 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended September 30, 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 ...

AXT, Inc. (NASDAQ:AXTI) Q3 2023 Earnings Conference Call November 2, 2023 4:30 PM ET Company Participants Leslie Green – Investor Relations Morris Young – Chief Executive Officer Gary Fischer – Chief Financial Officer Conference Call Participants Richard Shannon – Craig-Hallum Operator Good afternoon, everyone, and welcome to AXT's Third Quarter 2023 Financial Conference Call. Leading the call today is Dr. Morris Young, Chief Executive Officer; and Gary Fischer, Chief Financial Officer. My name is Christina ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Class Outstanding at August 1, 2023 Common Stock, $0.001 par value 43,656,861 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended June 30, 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 specif ...