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Stock impact report

AXT, Inc. Announces Second Quarter 2022 Financial Results

AXT Inc (AXTI) 
Last axt inc earnings: 4/22 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: axt.com
Company Research Source: GlobeNewswire
Year-Over-Year Revenue Growth of 22% in 1H22; Gross Margin Expands FREMONT, Calif., July 28, 2022 (GLOBE NEWSWIRE) -- AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor wafer substrates, today reported financial results for the second quarter, ended June 30, 2022. Management Qualitative Comments “This is an exciting time in our business,” said Morris Young, chief executive officer. “Our strong execution on a number of fronts has set the stage for great opportunities in the coming quarters. We continue to achieve strong growth in highly strategic applications, and are currently ramping several Tier-1 customers. We are also achieving notable success in the development of larger diameter substrates that we believe will enable the next generation of technology innovation across a number of end-markets. This strong execution has driven first half revenue growth of 22% over the previous year and continues to enable us to outperform our market, with emerg Show less Read more
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