AXT, Inc. Announces Third Quarter 2024 Financial Results
AXT Inc (AXTI)
Last axt inc earnings: 4/22 04:05 pm
Check Earnings Report
US:NASDAQ Investor Relations:
axt.com
Company Research
Source: Business Wire
FREMONT, Calif.--(BUSINESS WIRE)--AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor wafer substrates, today reported financial results for the third quarter, ended September 30, 2024.Management Qualitative Comments“Q3 came in largely in line with our expectations, coming off a strong quarter in Q2,” said Morris Young, chief executive officer. “By comparison to the year ago quarter Q3 2023, our revenue in Q3 of 2024 increased over 36 percent and we are pleased to see that every product, including raw materials, had double digit year-over-year growth. Data center-related demand remained solid, and we are anticipating new order momentum in indium phosphide substrates for photodetectors in AI applications.”“This year-over-year revenue improvement benefited our GAAP gross margin significantly, moving from 10.7 percent in Q3 2023 to 24.0 percent in the recent quarter. The impact on the bottom line reduced the GAAP net loss from ($0.14) per share in Q3 2023 to
Show less
Read more
Impact Snapshot
Event Time:
AXTI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
AXTI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
AXTI alerts
High impacting AXT Inc news events
Weekly update
A roundup of the hottest topics
AXTI
News
- AXT, Inc. (NASDAQ: AXTI) had its price target lowered by analysts at Northland Securities from $6.00 to $5.00. They now have an "outperform" rating on the stock.MarketBeat
- AXT, Inc. (NASDAQ: AXTI) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $5.00 price target on the stock.MarketBeat
- AXT (AXTI) Reports Q3 Loss, Lags Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- AXT, Inc.: Not Getting The Recognition It Deserves [Seeking Alpha]Seeking Alpha
- AXT INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of AXT, Inc. - AXTIBusiness Wire
AXTI
Earnings
- 10/31/24 - Beat
AXTI
Sec Filings
- 11/13/24 - Form 4
- 11/13/24 - Form 4
- 11/12/24 - Form 10-Q
- AXTI's page on the SEC website