AXT Reports Weak Q2 2025 Results Due To Permit Delays

Group 1 - AXT, Inc. reported Q2 2025 earnings with a decrease in revenue and gross profit both quarter-over-quarter (QoQ) and year-over-year (YoY) [1] - The primary reason for the decline in financial performance was delays in export permits [1] - The company has identified a higher demand for its products in China [1]