AXT(AXTI) - 2024 Q2 - Quarterly Results

Y Exhibit 99.1 AXT, Inc. Second Quarter 2024 Results August 1, 2024 Page 1 of 7 AXT, Inc. Announces Second Quarter 2024 Financial Results Revenue up 23 percent sequentially and up 50 percent from Q2 2023 FREMONT, Calif., August 1, 2024 – AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor wafer substrates, today reported financial results for the second quarter, ended June 30, 2024. Management Qualitative Comments "Q2 was another solid quarter of growth, with our revenues up 23 perc ...