AXTI Q1 2023 Earnings — AXT, Inc. Revenue & Financial Results | Market Cap Arena

AXTIAXT, Inc.

$2B

Q1 2023 Earnings

Technology Semiconductors

Income Statement

Revenue

$19M-51.1% YoY

Gross Profit

$5M26.3% margin

Operating Income

-$4M-22.9% margin

Net Income

-$3M-17.3% margin

EPS (Diluted)

$-0.09

QoQ Revenue Growth

-27.6%

Cash Flow

Operating Cash Flow

-$2M

Free Cash Flow

-$5M

Stock-Based Comp.

$915,000

Balance Sheet

Total Assets

$367M

Total Liabilities

$78M

Stockholders' Equity

$220M

Cash & Equivalents

$35M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$19M	$40M	-51.1%
Gross Profit	$5M	$13M	-61.6%
Operating Income	-$4M	$4M	-220.0%
Net Income	-$3M	$3M	-205.8%

Revenue Segments

Substrates

$13M70%

Raw Materials and Other

$6M30%

Geographic Segments

China

$8M51%

North America (primarily the United States)

$3M17%

Taiwan

$2M16%

Japan

$2M10%

Asia Pacific (excluding China, Taiwan and Japan)

$1M7%