AXTI Q1 2024 Earnings — AXT, Inc. Revenue & Financial Results | Market Cap Arena

AXTIAXT, Inc.

$2B

Q1 2024 Earnings

Technology Semiconductors

Income Statement

Revenue

$23M+16.9% YoY

Gross Profit

$6M26.9% margin

Operating Income

-$3M-14.8% margin

Net Income

-$2M-9.2% margin

EPS (Diluted)

$-0.05

QoQ Revenue Growth

+11.1%

Cash Flow

Operating Cash Flow

-$9M

Free Cash Flow

-$13M

Stock-Based Comp.

$809,000

Balance Sheet

Total Assets

$349M

Total Liabilities

$84M

Stockholders' Equity

$201M

Cash & Equivalents

$26M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$23M	$19M	+16.9%
Gross Profit	$6M	$5M	+19.3%
Operating Income	-$3M	-$4M	+24.6%
Net Income	-$2M	-$3M	+37.8%

Revenue Segments

Substrates

$17M75%

Raw materials and others

$6M25%

Geographic Segments

China

$12M61%

Taiwan

$5M24%

North America (primarily the United States)

$1M6%

Japan

$990,0005%

Asia Pacific (excluding China, Taiwan and Japan)

$798,0004%