AXT: Q1 Earnings Snapshot
AXT Inc. (AXTI) on Thursday reported a first-quarter loss of $3.3 million, after reporting a profit in the same period a year earlier On a per-share basis, the Fremont, California-based company said it had a loss of 8 cents. Losses, adjusted for stock option expense, were 6 cents per share
By AP News
Published - Apr 27, 2023, 04:52 PM ET
Last Updated - Apr 15, 2024, 06:07 AM EDT
FREMONT, Calif. (AP) — FREMONT, Calif. (AP) — AXT Inc. (AXTI) on Thursday reported a first-quarter loss of $3.3 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Fremont, California-based company said it had a loss of 8 cents. Losses, adjusted for stock option expense, were 6 cents per share.
The semiconductor materials supplier posted revenue of $19.4 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $20.1 million.
In the final minutes of trading on Thursday, the company's shares hit $3.13. A year ago, they were trading at $5.76.
