News & Videos - AXT INC

ROSEN, A TOP RANKED LAW FIRM, Encourages AXT, Inc. Investors to Inquire About Securities Class Action Investigation - AXTI PR Newswire NEW YORK, April 18, 2024 NEW YORK , April 18, 2024 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of AXT, Inc. (NASDAQ: AXTI) resulting from allegations that AXT, Inc. may have issued materially misleading business information to the investing public. SO...

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of AXT, Inc. - AXTI PR Newswire NEW YORK, April 12, 2024 NEW YORK , April 12, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of AXT, Inc. ("AXT" or the "Company") (NASDAQ: AXTI). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980. The investigation concerns whether AXT and certain of its officers and/or directors have engaged in...

FREMONT, Calif., April 08, 2024 (GLOBE NEWSWIRE) -- AXT, Inc. (NasdaqGS: AXTI ), a leading manufacturer of compound semiconductor substrates, today announced that it expects to report revenue in the range of $22.4 to $22.7 million for the first quarter ended March 31, 2024, exceeding the company’s prior guidance for the first quarter of 2024 of $20 million to $22 million. This reflects growth in demand for both indium phosphide and gallium arsenide substrates for a variety of applications,...

FREMONT, Calif., Feb. 22, 2024 (GLOBE NEWSWIRE) -- AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor substrates, today reported financial results for the fourth quarter and fiscal year, ended December 31, 2023. Management Qualitative Comments “We believe we are now beginning to see a recovery in our markets,” said Morris Young, chief executive officer. “In Q4, we achieved 18 percent sequential growth in our revenues and a 43 percent sequential improvement in our...

FREMONT, Calif., Jan. 23, 2024 (GLOBE NEWSWIRE) -- AXT, Inc. (NasdaqGS: AXTI ), a leading manufacturer of compound semiconductor substrates, will announce its financial results for the fourth quarter 2023 in a press release immediately following the close of market on February 22, 2024. The company will also host a conference call to discuss these results on February 22, 2024 at 1:30 p.m. PT. The conference call can be accessed at (800) 715-9871 (passcode 4378083). The call will also be...

FREMONT, Calif., Nov. 02, 2023 (GLOBE NEWSWIRE) -- AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor wafer substrates, today reported financial results for the third quarter, ended September 30, 2023. Management Qualitative Comments “The demand environment in the third quarter of 2023 remained stable, and we were pleased to see some encouraging early signs of improvement in the data center market, resulting in modestly higher indium phosphide revenue quarter over...

FREMONT, Calif., Oct. 16, 2023 (GLOBE NEWSWIRE) -- AXT, Inc. (NasdaqGS: AXTI ), a leading manufacturer of compound semiconductor substrates, will announce its financial results for the third quarter 2023 in a press release immediately following the close of market on November 2, 2023. The company will also host a conference call to discuss these results on November 2, 2023 at 1:30 p.m. PT. The conference call can be accessed at (888) 300-4150 (passcode 7175811). The call will also be simulcast...

FREMONT, Calif., Sept. 20, 2023 (GLOBE NEWSWIRE) -- AXT, Inc. (Nasdaq: AXTI), a leading manufacturer of compound semiconductor substrates, today announced that Beijing Tongmei Xtal Technology Co., Ltd. (“Tongmei”), AXT’s subsidiary in Beijing, China, has met the applicable legal and commercial requirements and has received its initial export permits to resume shipping gallium arsenide and germanium substrates to certain customers. Since China’s announcement of new export control...

FREMONT, Calif., Aug. 08, 2023 (GLOBE NEWSWIRE) -- AXT, Inc. (Nasdaq: AXTI), a leading manufacturer of compound semiconductor substrates, today announced that it will participate in the following financial conferences in the third quarter of 2023: 4 th Annual Needham Virtual Semiconductor and SemiCap 1x1 Conference on August 22, 2023 Jefferies Semiconductor, IT Hardware & Communications Technology Summit on August 29, 2023 in Chicago, IL Northland Capital Markets Institutional Investor...

FREMONT, Calif., Aug. 03, 2023 (GLOBE NEWSWIRE) -- AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor wafer substrates, today reported financial results for the second quarter, ended June 30, 2023. Management Qualitative Comments “Though the macro environment continues to impact our growth near-term, the trends that have driven our revenue and customer expansion remain very much intact,” said Morris Young, chief executive officer. “We continue to excel in our...

FREMONT, Calif., July 11, 2023 (GLOBE NEWSWIRE) -- AXT, Inc. (NasdaqGS: AXTI ), a leading manufacturer of compound semiconductor substrates, will announce its financial results for the second quarter 2023 in a press release immediately following the close of market on August 3, 2023. The company will also host a conference call to discuss these results on August 3, 2023 at 1:30 p.m. PT. The conference call can be accessed at (888) 300-4150 (passcode 7175811). The call will also be simulcast at...

FREMONT, Calif., July 03, 2023 (GLOBE NEWSWIRE) -- AXT, Inc. (Nasdaq: AXTI), a worldwide materials science company, today addressed the potential impact of the announcement of China’s new export control regulations on gallium- and germanium-related materials, which take effect on August 1, 2023. Tongmei, AXT’s subsidiary in China, expects to proceed to immediately seek permits from the applicable Chinese authorities to export gallium and germanium substrate products. Indium phosphide...

FREMONT, Calif., May 25, 2023 (GLOBE NEWSWIRE) -- AXT, Inc. (Nasdaq: AXTI), a leading manufacturer of compound semiconductor substrates, today announced that Gary L. Fischer, chief financial officer, will participate in the 20th Annual Craig-Hallum Institutional Investor Conference in Minneapolis on Wednesday, May 31 st , 2023. AXT’s investor presentation is available through the investor relations portion of the company’s website at www.axt.com . About AXT, Inc. AXT is a material science...

FREMONT, Calif., April 27, 2023 (GLOBE NEWSWIRE) -- AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor wafer substrates, today reported financial results for the first quarter, ended March 31, 2023. Management Qualitative Comments “As expected, revenue took a step back in Q1 as a result of the inventory correction that we began to see late last summer,” said Morris Young, chief executive officer. “Despite lower revenues, we feel confident in our market position...

FREMONT, Calif., April 10, 2023 (GLOBE NEWSWIRE) -- AXT, Inc. (NasdaqGS: AXTI ), a leading manufacturer of compound semiconductor substrates, will announce its financial results for the first quarter 2023 in a press release immediately following the close of market on April 27, 2023. The company will also host a conference call to discuss these results on April 27, 2023 at 1:30 p.m. PT. The conference call can be accessed at (888) 300-4150 (passcode 7175811). The call will also be simulcast at...

FREMONT, Calif., Feb. 16, 2023 (GLOBE NEWSWIRE) -- AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor substrates, today reported financial results for the fourth quarter and fiscal year, ended December 31, 2022. Management Qualitative Comments “2022 was a productive year in which we grew both our revenue and our profitability, and invested in innovations that pave the way for an exciting future,” said Morris Young, chief executive officer. “Though a softening of...

FREMONT, Calif., Jan. 25, 2023 (GLOBE NEWSWIRE) -- AXT, Inc. (NasdaqGS: AXTI ), a leading manufacturer of compound semiconductor substrates, will announce its financial results for the fourth quarter 2022 and fiscal year 2022 in a press release immediately following the close of market on February 16, 2023. The company will also host a conference call to discuss these results on February 16, 2023 at 1:30 p.m. PT. The conference call can be accessed at (888) 300-4150 (passcode 7175811). The call...

FREMONT, Calif., Dec. 28, 2022 (GLOBE NEWSWIRE) -- AXT, Inc. (Nasdaq: AXTI), a leading manufacturer of compound semiconductor substrates, today announced that Gary L. Fischer, chief financial officer, will present at the 25th Annual Needham Growth Conference in New York on Wednesday, Jan. 11 th , 2023 at 3:45 p.m. ET. A webcast of the presentation will be available through the investor relations portion of the company’s website at www.axt.com . About AXT, Inc. AXT is a material science company...

FREMONT, Calif., Oct. 27, 2022 (GLOBE NEWSWIRE) -- AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor wafer substrates, today reported financial results for the third quarter, ended September 30, 2022. Management Qualitative Comments “Although revenue decreased quarter over quarter, EPS remains solid. We have confidence in the fundamental market trends that drive our revenue, customer, and application adoption.” said Morris Young, chief executive officer. “Our Q3...

FREMONT, 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. AXT’s 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 company’s previously stated guidance of $39 million to $41 million...