AXT(AXTI) - 2023 Q4 - Annual Results

Y Exhibit 99.1 AXT, Inc. Fourth Quarter and Fiscal Year 2023 Results February 22, 2024 Page 1 of 8 AXT, Inc. Announces Fourth Quarter and Fiscal Year 2023 Financial Results FREMONT, Calif., February 22, 2024 – AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor wafer substrates, today reported financial results for the fourth quarter and fiscal year, ended December 31, 2023. Management Qualitative Comments "We believe we are now beginning to see a recovery in our markets," said Morr ...