AXTI Q4 2023 Earnings — AXT, Inc. Revenue & Financial Results | Market Cap Arena

AXTIAXT, Inc.

$2B

Q4 2023 Earnings

Technology Semiconductors

Income Statement

Revenue

$20M-23.8% YoY

Gross Profit

$5M22.6% margin

Operating Income

-$4M-17.4% margin

Net Income

-$4M-17.7% margin

EPS (Diluted)

$-0.09

QoQ Revenue Growth

+17.6%

Cash Flow

Operating Cash Flow

$1M

Free Cash Flow

$2M

Stock-Based Comp.

$822,000

Balance Sheet

Total Assets

$359M

Total Liabilities

$90M

Stockholders' Equity

$204M

Cash & Equivalents

$38M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$20M	$27M	-23.8%
Gross Profit	$5M	$9M	-46.2%
Operating Income	-$4M	-$1M	-255.6%
Net Income	-$4M	$1M	-370.0%

Revenue Segments

Substrates

$23M100%

Geographic Segments

China

$21M67%

Taiwan

$5M15%

North America (primarily the United States)

$2M7%

Asia Pacific (excluding China, Taiwan and Japan)

$2M6%

Japan

$2M5%