AXTI Q3 2023 Earnings — AXT, Inc. Revenue & Financial Results | Market Cap Arena

AXTIAXT, Inc.

$2B

Q3 2023 Earnings

Technology Semiconductors

Income Statement

Revenue

$17M-50.6% YoY

Gross Profit

$2M10.7% margin

Operating Income

-$7M-38.7% margin

Net Income

-$6M-33.5% margin

EPS (Diluted)

$-0.14

QoQ Revenue Growth

-6.6%

Cash Flow

Operating Cash Flow

-$792,000

Free Cash Flow

-$5M

Stock-Based Comp.

$891,000

Balance Sheet

Total Assets

$342M

Total Liabilities

$74M

Stockholders' Equity

$204M

Cash & Equivalents

$29M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$17M	$35M	-50.6%
Gross Profit	$2M	$15M	-87.4%
Operating Income	-$7M	$5M	-247.3%
Net Income	-$6M	$6M	-201.1%

Revenue Segments

Substrates

$10M60%

Raw Materials and Other

$7M40%

Geographic Segments

China

$10M69%

Taiwan

$2M17%

Asia Pacific (excluding China, Taiwan and Japan)

$894,0006%

North America (primarily the United States)

$709,0005%

Japan

$558,0004%