AXT, Inc. Announces First Quarter 2024 Financial Results
AXT Inc (AXTI)
Last axt inc earnings: 4/22 04:05 pm
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US:NASDAQ Investor Relations:
axt.com
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Source: GlobeNewswire
FREMONT, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor wafer substrates, today reported financial results for the first quarter, ended March 31, 2024. Management Qualitative Comments “We are pleased with our first quarter results,” said Morris Young, chief executive officer. “We exceeded our Q1 revenue and profitability guidance, delivering 11 percent sequential growth in our revenues and 54 percent sequential improvement in our non-GAAP net income. Across our product lines, new catalysts, such as artificial intelligence, are providing exciting incremental opportunities for advanced compound semiconductor materials. We understand from our customers that our indium phosphide substrates are currently being utilized for high-speed optical components for artificial intelligence interconnects and we are working closely with a number of customers building next-generation lasers for use in data center transceivers. A
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News
- Levi & Korsinsky Notifies Shareholders of AXT, Inc.(AXTI) of a Class Action Lawsuit and an Upcoming DeadlineAccesswire
- Shareholders that lost money on AXT, Inc.(AXTI) should contact Levi & Korsinsky about pending Class Action - AXTIAccesswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against AXT, Inc. - AXTIPR Newswire
- AXT, Inc. Sued for Securities Law Violations – Investors Should Contact Levi & Korsinsky for More Information – AXTIAccesswire
- Shareholders that lost money on AXT, Inc.(AXTI) Urged to Join Class Action - Contact Levi & Korsinsky to Learn MoreAccesswire
AXTI
Earnings
- 5/2/24 - Beat
AXTI
Sec Filings
- 5/10/24 - Form 10-Q
- 5/2/24 - Form 8-K
- 4/8/24 - Form 8-K
- AXTI's page on the SEC website