AXT INC

For the period ended Dec 31, 2024. Filed Mar 14, 2025.

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.

FY2024 · Filed Mar 14, 2025

AXTI$42.91+10.4%Stored close · as of Nov 9, 2026

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

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Contents

Consolidated Statements of Operations

(In thousands, except per share data)


· ·
· Year Ended December 31, ·
	2024		2023		2022

Revenue		$99,361		$75,795		$141,118
Cost of revenue		75,525		62,477		88,997
Gross profit		23,836		13,318		52,121
Operating expenses:
Selling, general and administrative		24,096		22,806		25,654
Research and development		14,543		12,081		13,913
Total operating expenses		38,639		34,887		39,567
Income (loss) from operations		(14,803)		(21,569)		12,554
Interest expense, net		(1,340)		(1,527)		(1,071)
Equity in income of unconsolidated joint ventures		3,439		1,884		5,957
Other income, net		2,047		2,179		3,487
Income (loss) before provision for income taxes		(10,657)		(19,033)		20,927
Provision for income taxes		1,134		160		2,185
Net income (loss)		(11,791)		(19,193)		18,742
Less: Net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests		167		1,312		(2,931)
Net income (loss) attributable to AXT, Inc.		$(11,624)		$(17,881)		$15,811
Net income (loss) attributable to AXT, Inc. per common share:
Basic		$(0.27)		$(0.42)		$0.37
Diluted		$(0.27)		$(0.42)		$0.37
Weighted-average number of common shares outstanding:
Basic		43,154		42,643		42,104
Diluted		43,154		42,643		42,715

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.