AXT, Inc. (AXTI) Tops Q1 EPS by 1c, Revenues Miss

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Go back to AXT, Inc. (AXTI) Tops Q1 EPS by 1c, Revenues Miss

AXT, Inc. Announces First Quarter 2019 Financial Results

April 24, 2019 4:05 PM EDT

FREMONT, Calif., April 24, 2019 (GLOBE NEWSWIRE) -- AXT, Inc. (NasdaqGS: AXTI), a leading  material science company manufacturing single crystal compound semiconductor substrates, today reported financial results for the first quarter, ended March 31, 2019.

First Quarter 2019 Results

Revenue for the first quarter of 2019 was $20.2 million, compared with $22.2 million in the fourth quarter of 2018 and $24.4 million for the first quarter of 2018.   

Gross margin was 33.1 percent of revenue for the first quarter of 2019, compared with 26.3 percent of revenue in the fourth quarter of 2018 and 39.2 percent... More