AXTI Q2 2024 Earnings — AXT, Inc. Revenue & Financial Results | Market Cap Arena

AXTIAXT, Inc.

$2B

Q2 2024 Earnings

Technology Semiconductors

Income Statement

Revenue

$28M+50.2% YoY

Gross Profit

$8M27.4% margin

Operating Income

-$2M-6.8% margin

Net Income

-$2M-5.4% margin

EPS (Diluted)

$-0.04

QoQ Revenue Growth

+23.1%

Cash Flow

Operating Cash Flow

$843,000

Free Cash Flow

$572,000

Stock-Based Comp.

$715,000

Balance Sheet

Total Assets

$349M

Total Liabilities

$86M

Stockholders' Equity

$200M

Cash & Equivalents

$28M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$28M	$19M	+50.2%
Gross Profit	$8M	$2M	+346.2%
Operating Income	-$2M	-$7M	+72.5%
Net Income	-$2M	-$5M	+70.2%

Revenue Segments

Substrates

$20M71%

Raw materials and others

$8M29%

Geographic Segments

CHINA

$17M61%

Europe

$5M17%

TAIWAN

$3M12%

North America

$1M5%

JAPAN

$796,0003%

Asia Pacific (excluding China, Taiwan and Japan)

$712,0003%