AXT, Inc. (AXTI) PT Raised to $8.50 at Needham & Company Following Strong 4Q Results
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AXT, Inc. Announces Fourth Quarter and Fiscal Year 2016 Financial Results
February 22, 2017 4:10 PM ESTFREMONT, Calif, Feb. 22, 2017 (GLOBE NEWSWIRE) -- Â AXT, Inc. (NASDAQ: AXTI), a leading manufacturer of compound semiconductor substrates, today reported financial results for the fourth quarter and fiscal year, ended December 31, 2016.
Fourth Quarter 2016 Results
Revenue for the fourth quarter of 2016 was $20.3 million, compared with $21.9 million in the third quarter of 2016.
Gross margin was 37.1 percent of revenue for the fourth quarter of 2016, compared with 34.6 percent of revenue in the third quarter of 2016.
Operating expenses were $5.2 million in the fourth quarter of... More
