AXT, Inc. (AXTI) Tops Q2 EPS by 2c
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AXT, Inc. Announces Second Quarter 2016 Financial Results
July 27, 2016 4:10 PM EDTFREMONT, Calif., July 27, 2016 (GLOBE NEWSWIRE) -- AXT, Inc. (Nasdaq: AXTI), a leading manufacturer of compound semiconductor substrates, today reported financial results for the second quarter, ended June 30, 2016.
Second Quarter 2016 Results
Revenue for the second quarter of 2016 was $20.5 million, compared with $18.7 million in the first quarter of 2016.
Gross margin was 29.4 percent of revenue for the second quarter of 2016, compared with 28.1 percent of revenue in the first quarter of 2016.
Operating expenses were $5.1 million in the second quarter of 2016,... More
