AXT, Inc. (AXTI) Tops Q3 EPS by 1c
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AXT, Inc. Announces Third Quarter 2019 Financial Results
October 30, 2019 4:06 PM EDTFREMONT, Calif., Oct. 30, 2019 (GLOBE NEWSWIRE) -- AXT, Inc. (NasdaqGS: AXTI), a leading material science company manufacturing single crystal compound semiconductor substrates, today reported financial results for the third quarter ended September 30, 2019.
Third Quarter 2019 Results
Revenue for the third quarter of 2019 was $19.8 million, compared with $24.8 million in the second quarter of 2019 and $28.6 million for the third quarter of 2018.
Gross margin was 29.0 percent of revenue for the third quarter of 2019, compared with 34.3 percent of revenue in the second quarter of 2019 and 37.1... More
