AXT Acquires Crystacomm, Inc., Extending Its Leadership in Indium Phosphide Substrates
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AXT, Inc. (AXTI) Tops Q2 EPS by 1c; Announces Acquisition of Crystacomm
July 30, 2015 4:28 PM EDTAXT, Inc. (NASDAQ: AXTI) reported Q2 EPS of $0.00, $0.01 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $21 million versus the consensus estimate of $20.98 million.
The company also announced that it has acquired Crystacomm, Inc., a privately held manufacturer of LEC-based indium phosphide (InP) substrates, in an all-cash transaction.
Indium phosphide is rapidly emerging as a material of choice for both new and existing applications, including optoelectronic devices for fiber optic telecommunications, passive optical networks (PON), and data center connectivity, as well as solar cells and next-generation wireless amplifiers.... More
