AXT INC

For the period ended Dec 31, 2023. Filed Mar 15, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 15, 2024

AXTI$39.31-8.4%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Stockholders’ Equity

(In thousands)


· · · · · · · · Common Stock · · · · · · · · · · · · · · ·
· · Preferred · · · · · · · · Additional · · · · Accumulated Other · · AXT, Inc. · · · · Total
· · Stock · · · · · · · · Paid-In · · Accumulated · · Comprehensive · · Stockholders’ · · Noncontrolling · · Stockholders’
· Shares · Amount · · Shares · Amount · Capital · Deficit · Income (Loss) · Equity · Interests · Equity

Balance as of January 1,2021	883	$3,532	41,967	$42	230,381	$(44,545)	$3,209	$192,619	$15,350	$207,969
Common stock options exercised			507	1	1,669			1,670		1,670
Formation of new subsidiary with noncontrolling interests					(262)			(262)	1,413	1,151
Transfer of subsidiary with noncontrolling interests					(1,229)			(1,229)	1,229	—
Restricted stock awards canceled			(14)							—
Stock-based compensation					4,519			4,519		4,519
Issuance of common stock in the form of restricted stock			426							—
Purchase of subsidiary shares from noncontrolling interests					(2,691)			(2,691)	(1,039)	(3,730)
Transfer of subsidiary with redeemable noncontrolling interests					(1,241)			(1,241)		(1,241)
Noncontrolling interest portion of Tongmei stock-based compensation					(62)			(62)	40	(22)
Sale of common stock to employees in connection with the reorganization					538			538		538
Net income						14,575		14,575	1,045	15,620
Other comprehensive income							3,093	3,093	279	3,372
Balance as of December 31, 2021	883	3,532	42,886	43	231,622	(29,970)	6,302	211,529	18,317	229,846
Common stock options exercised			172	1	517			518		518
Investment in subsidiary with noncontrolling interest					(466)			(466)	2,699	2,233
Investment in subsidiary with redeemable noncontrolling interest					(471)			(471)		(471)
Restricted stock awards canceled			(91)							—
Stock-based compensation					3,273			3,273		3,273
Issuance of common stock in the form of restricted stock			587					—		—
Tongmei stock-based compensation					733			733		733
Noncontrolling interest portion of Tongmei stock-based compensation					100			100	(42)	58
Investment in subsidiary from noncontrolling interest								—	1,887	1,887
Net income						15,811		15,811	1,333	17,144
Other comprehensive loss							(9,420)	(9,420)	(901)	(10,321)
Balance as of December 31, 2022	883	3,532	43,554	44	235,308	(14,159)	(3,118)	221,607	23,293	244,900
Common stock options exercised			4		10			10		10
Investment in subsidiary with noncontrolling interest					(153)			(153)	861	708
Investment in subsidiary with redeemable noncontrolling interest					(155)			(155)		(155)
Restricted stock awards canceled			(23)							—
Stock-based compensation					2,779			2,779		2,779
Issuance of common stock in the form of restricted stock			704					—		—
Tongmei stock-based compensation					761			761		761
Noncontrolling interest portion of Tongmei stock-based compensation					(98)			(98)	55	(43)
Investment in subsidiary from noncontrolling interest								—		—
Net loss						(17,881)		(17,881)	(391)	(18,272)
Other comprehensive loss							(2,881)	(2,881)	(324)	(3,205)
Balance as of December 31, 2023	883	$3,532	44,239	$44	$238,452	$(32,040)	$(5,999)	$203,989	$23,494	$227,483

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.