AXT, Inc. (AXTI) Tops Q3 EPS by 2c
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AXT, Inc. Announces Third Quarter 2015 Financial Results
October 29, 2015 4:10 PM EDTFREMONT, CA -- (Marketwired) -- 10/29/15 -- AXT, Inc. (NASDAQ: AXTI), a leading manufacturer of compound semiconductor substrates, today reported financial results for the third quarter ended September 30, 2015.
Third Quarter 2015 Results
Revenue for the third quarter of 2015 was $18.4 million compared with $21.0 million in the second quarter of 2015.
Gross margin was 25.1 percent of revenue for the third quarter of 2015, compared with 20.9 percent of revenue in the second quarter of 2015.
Operating expenses were $5.3 million in the third quarter of 2015, compared with $5.2 million in the second quarter of 2015.
Operating... More
