AXT, Inc. (AXTI) Tops Q1 EPS by 2c

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Go back to AXT, Inc. (AXTI) Tops Q1 EPS by 2c

AXT, Inc. Announces First Quarter 2018 Financial Results

April 25, 2018 4:10 PM EDT

FREMONT, Calif., April 25, 2018 (GLOBE NEWSWIRE) -- AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor substrates, today reported financial results for the first quarter, ended March 31, 2018.

First Quarter 2018 Results

Revenue for the first quarter of 2018 was $24.4 million, compared with $26.3 million in the fourth quarter of 2017 and $20.6 million for the first quarter of 2017.    

Gross margin was 39.2 percent of revenue for the first quarter of 2018, compared with 37.2 percent of revenue in the fourth quarter of 2017 and 30.5 percent for the first quarter of 2017.

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