Sector: Technology | Industry: Semiconductors |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 4281 Technology Dr FREMONT CA 94538-6339 |
Tel: | 1-650-3129060 |
Website: | www.axt.com/site/index.php?q=node/1 |
IR: | See website |
Key People | ||
Morris S. Young Chairman of the Board, Chief Executive Officer | Gary L. Fischer Chief Financial Officer, Vice President, Corporate Secretary |
Business Overview |
AXT, Inc. is a materials science company that develops and produces compound and single element semiconductor substrates, also known as wafers. The Company has two product lines: specialty material substrates and raw materials integral to these substrates. Its compound substrates combine indium with phosphorous (InP) or gallium with arsenic (GaAs). Its single element substrates are made from germanium (Ge). Its InP is a semiconductor wafer substrate used in broadband and fiber optic applications, 5G infrastructure and data center connectivity. Its Semi-conducting GaAs substrates are used to create opto-electronic products, including high brightness light emitting diodes (HBLEDs) that are often used to backlight wireless handsets and liquid crystal display (LCD) televisions and also used for automotive panels, signage, display and lighting applications. Its Ge substrates are used in applications, such as solar cells for space and terrestrial photovoltaic applications. |
Financial Overview |
For the fiscal year ended 31 December 2023, AXT Inc revenues decreased 46% to $75.8M. Net loss applicable to common stockholders totaled $18.1M vs. income of $15.6M. Revenues reflect Substrates segment decrease of 57% to $47.5M, Raw Materials And Others segment decrease of 6% to $28.3M, Taiwan segment decrease of 70% to $8.7M, China segment decrease of 28% to $39.8M. |
Employees: | 1,456 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $219.66M as of Dec 31, 2023 |
Annual revenue (TTM): | $75.80M as of Dec 31, 2023 |
EBITDA (TTM): | -$12.85M as of Dec 31, 2023 |
Net annual income (TTM): | -$18.06M as of Dec 31, 2023 |
Free cash flow (TTM): | -$7.07M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $13.03M as of Dec 31, 2023 |
Shares outstanding: | 44,248,248 as of Mar 1, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |