AXTI Q2 2023 Earnings — AXT, Inc. Revenue & Financial Results | Market Cap Arena

AXTIAXT, Inc.

$2B

Q2 2023 Earnings

Technology Semiconductors

Income Statement

Revenue

$19M-52.9% YoY

Gross Profit

$2M9.2% margin

Operating Income

-$7M-36.8% margin

Net Income

-$5M-27.4% margin

EPS (Diluted)

$-0.12

QoQ Revenue Growth

-4.2%

Cash Flow

Operating Cash Flow

$4M

Free Cash Flow

$1M

Stock-Based Comp.

$912,000

Balance Sheet

Total Assets

$346M

Total Liabilities

$72M

Stockholders' Equity

$210M

Cash & Equivalents

$30M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$19M	$39M	-52.9%
Gross Profit	$2M	$15M	-88.9%
Operating Income	-$7M	$5M	-229.4%
Net Income	-$5M	$6M	-191.8%

Revenue Segments

Substrates

$11M59%

Raw Materials and Other

$8M41%

Geographic Segments

China

$10M66%

North America (primarily the United States)

$2M11%

Taiwan

$1M9%

Japan

$1M9%

Asia Pacific (excluding China, Taiwan and Japan)

$737,0005%