AXTI Q3 2024 Earnings — AXT, Inc. Revenue & Financial Results | Market Cap Arena

AXTIAXT, Inc.

$2B

Q3 2024 Earnings

Technology Semiconductors

Income Statement

Revenue

$24M+36.2% YoY

Gross Profit

$6M24.0% margin

Operating Income

-$3M-14.4% margin

Net Income

-$3M-12.4% margin

EPS (Diluted)

$-0.07

QoQ Revenue Growth

-15.3%

Cash Flow

Operating Cash Flow

-$5M

Free Cash Flow

-$6M

Stock-Based Comp.

$820,000

Balance Sheet

Total Assets

$356M

Total Liabilities

$89M

Stockholders' Equity

$201M

Cash & Equivalents

$25M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$24M	$17M	+36.2%
Gross Profit	$6M	$2M	+204.5%
Operating Income	-$3M	-$7M	+49.4%
Net Income	-$3M	-$6M	+49.6%

Revenue Segments

Substrates

$15M63%

Raw materials and others

$9M37%

Geographic Segments

CHINA

$14M58%

Europe

$3M12%

North America

$3M11%

TAIWAN

$2M9%

JAPAN

$2M7%

Asia Pacific (excluding China, Taiwan and Japan)

$797,0003%