Axt, Inc.
AXT, Inc. Reports Year-End Financial Results for 2024
Summary
AXT, Inc. reported a 31% increase in revenue for the year 2024, reaching $99.4 million, compared to $75.8 million in 2023. The company's non-GAAP gross profit improved by 21% to $24.3% of revenue for the year. However, AXT, Inc. reported a net loss of $11.6 million for 2024, an improvement from the $17.9 million net loss in 2023. The fourth quarter of 2024 saw a net loss of $5.1 million, compared to $3.6 million in the fourth quarter of 2023.
Profitelligence Alerts
Get alerts for AXTI
Be first to know when Axt, Inc. files with the SEC.
Filing Categories
Exhibits (1)
Advertisement
About Axt, Inc.
Axt, Inc. is a leading producer of high-performance compound semiconductor substrates. These substrates, such as gallium arsenide (GaAs), enable the efficient functioning of a diverse range of electronic and optoelectronic devices. Axt, Inc. plays a crucial role in enhancing the performance of high-frequency, high-power, and optically sensitive applications. The primary use of these substrates is found in industries like telecommunications, light-emitting diodes (LEDs), and solar cells. With its production facilities located primarily in China, Axt, Inc. serves a global market, catering to technology companies that require high-quality semiconductor materials. Through its extensive research and development initiatives, the company continually innovates to meet the growing demand for substrate materials that support advanced technology products. As a significant provider in the semiconductor supply chain, Axt, Inc. contributes to the advancement of next-generation technologies, supporting sectors that are critical to modern electronics and renewable energy solutions.
Official SEC Documents
Advertisement