AXT, Inc. (AXTI) Announces Preliminary Revenue Range for Q3
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AXT, Inc. Announces a Preliminary Revenue Range for Third Quarter 2022
October 3, 2022 4:05 PM EDTFREMONT, Calif., Oct. 03, 2022 (GLOBE NEWSWIRE) -- AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor substrates, today announced a preliminary revenue range for its third quarter, ended September 30, 2022. AXTs full financial results for the third quarter of 2022 are not yet available.
AXT expects preliminary revenue for the third quarter of 2022 to be in the range of $34 to $35 million, below the companys previously stated guidance of $39 million to $41 million provided on July 28, 2022. The preliminary revenue range for the third quarter of 2022 is primarily attributable to weakening macroeconomic conditions,... More
