AXT, Inc. (AXTI) Misses Q4 EPS by 8c, Misses on Revenue
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AXT, Inc. Announces Fourth Quarter and Fiscal Year 2024 Financial Results
February 20, 2025 4:05 PM ESTYear on Year Revenue Increases 31 Percent
FREMONT, Calif.--(BUSINESS WIRE)-- AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor wafer substrates, today reported financial results for the fourth quarter and fiscal year ended December 31, 2024.
Management Qualitative Comments
Our growth in 2024 showed a year of improvement for AXT in several key areas, said Morris Young, chief executive officer. We delivered a 31 percent increase in revenue, a 21 percent improvement in non-GAAP gross profit, and a 40 percent improvement in non-GAAP net loss. Over the last twelve... More
