AXT, Inc. (AXTI) Misses Q4 EPS by 2c

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Go back to AXT, Inc. (AXTI) Misses Q4 EPS by 2c

AXT, Inc. Announces Fourth Quarter 2015 Financial Results

February 24, 2016 4:10 PM EST

FREMONT, CA -- (Marketwired) -- 02/24/16 -- AXT, Inc. (NASDAQ: AXTI), a leading manufacturer of compound semiconductor substrates, today reported financial results for the fourth quarter ended December 31, 2015.

Fourth Quarter 2015 Results

Revenue for the fourth quarter of 2015 was $18.1 million compared with $18.4 million in the third quarter of 2015.

Gross margin was 17.1 percent of revenue for the fourth quarter of 2015, compared with 25.1 percent of revenue in the third quarter of 2015.

Operating expenses were $4.8 million in the fourth quarter of 2015, compared with $5.3 million in the third quarter of 2015.

Operating... More