AXT, Inc. (AXTI) Tops Q3 EPS by 7c
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AXT, Inc. Announces Third Quarter 2022 Financial Results
October 27, 2022 4:05 PM EDTFREMONT, 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 results demonstrate several key factors: First, indium phosphide applications are expanding and indium phosphide is becoming an increasingly strategic material... More
