AXT, Inc. (AXTI) Tops Q2 EPS by 1c; Announces Acquisition of Crystacomm
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AXT, Inc. Announces Second Quarter 2015 Financial Results
July 30, 2015 4:10 PM EDTFREMONT, CA -- (Marketwired) -- 07/30/15 -- AXT, Inc. (NASDAQ: AXTI), a leading manufacturer of compound semiconductor substrates, today reported financial results for the second quarter ended June 30, 2015.
Second Quarter 2015 Results Revenue for the second quarter of 2015 was $21.0 million compared with $20.1 million in the first quarter of 2015.
Gross margin was 20.9 percent of revenue for the second quarter of 2015, compared with 23.7 percent of revenue in the first quarter of 2015.
Operating expenses were $5.2 million in the second quarter of 2015, compared with $6.5 million in the first quarter of 2015. The decrease was largely the... More
AXT Acquires Crystacomm, Inc., Extending Its Leadership in Indium Phosphide Substrates
July 30, 2015 4:05 PM EDTFREMONT, CA -- (Marketwired) -- 07/30/15 -- AXT, Inc. (NASDAQ: AXTI), a leading manufacturer of compound semiconductor substrates, today announced that it has acquired Crystacomm, Inc., a privately held manufacturer of LEC-based indium phosphide (InP) substrates, in an all-cash transaction.
Indium phosphide is rapidly emerging as a material of choice for both new and existing applications, including optoelectronic devices for fiber optic telecommunications, passive optical networks (PON), and data center connectivity, as well as solar cells and next-generation wireless amplifiers. Crystacomm, headquartered in Mountain View, California, has long been a pioneer in the... More
