AXT, Inc. (NASDAQ: AXTI) reported Q3 EPS of $0.07, versus $0.03 reported last year. Revenue for the quarter came in at $21.9 billion, versus $20.5 billion reported last year.

“We are pleased to again show meaningful progress in our business, achieving revenue and profits that exceeded our guidance range. In addition, our gross margin was 34.6% as a result yield improvements, manufacturing efficiencies, and higher production volume. We also generated positive cash flow. Cash, cash equivalents and investments increased by $2.4 million. We continue to seek out interesting market opportunities where our substrates can provide value to our customers.”

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