Breakeven Date Change • May 20
Forecast breakeven date moved forward to 2026 The 5 analysts covering AXT previously expected the company to break even in 2027. New consensus forecast suggests the company will make a profit of US$14.6m in 2026. Earnings growth of 88% is required to achieve expected profit on schedule. Aankondiging • Apr 08
AXT, Inc. to Report Q1, 2026 Results on Apr 30, 2026 AXT, Inc. announced that they will report Q1, 2026 results After-Market on Apr 30, 2026 Aankondiging • Mar 24
AXT, Inc., Annual General Meeting, May 14, 2026 AXT, Inc., Annual General Meeting, May 14, 2026. Location: 4281 technology drive, fremont, california 94538, United States Aankondiging • Jan 30
AXT, Inc. Announces Board And Committee Changes, Effective January 26, 2026 As previously reported, on July 29, 2025, the board of directors (the “Board”) of AXT, Inc. (the “Company”) appointed Mr. Leonard J. LeBlanc as a non-independent member of its Board in reliance on the limited exception provided under the Nasdaq Listing Rules. On January 26, 2026, the Board re-evaluated Mr. LeBlanc’s independence under the Nasdaq Listing Rules, and determined that Mr. LeBlanc is now independent under the Nasdaq Listing Rules. Effective upon Mr. LeBlanc’s determination as an independent director by the Board, Mr. Jesse Chen stepped down as Chair of the Audit Committee and the Board appointed Mr. LeBlanc as Chair of the Audit Committee. Mr. Chen will remain a member of the Audit Committee. Aankondiging • Jan 09
AXT, Inc. to Report Q4, 2025 Results on Feb 19, 2026 AXT, Inc. announced that they will report Q4, 2025 results After-Market on Feb 19, 2026 Aankondiging • Oct 31
AXT, Inc. Provides Earnings Guidance for the Fourth Quarter of 2025 AXT, Inc. provided earnings guidance for the fourth quarter of 2025. The company has the capability to achieve revenue in the range of $27 million to $30 million, subject to the caveats I just mentioned. GAAP net loss will be in the range of $0.03 to $0.05. Aankondiging • Oct 09
AXT, Inc. to Report Q3, 2025 Results on Oct 30, 2025 AXT, Inc. announced that they will report Q3, 2025 results After-Market on Oct 30, 2025 Aankondiging • Jul 27
AXT Announces Non-Compliance Update As previously, on July 14, 2025, AXT, Inc. notified The Nasdaq Stock Market (“Nasdaq”) that as a result of the recent passing of Ms. Christine Russell, the Company is not compliant with Nasdaq Listing Rule 5605(c)(2)(A) as the Company’s Audit Committee currently consists of only two independent directors, rather than the minimum three independent directors as required by Nasdaq Listing Rule 5605(c)(2)(A). On July 18, 2025, Nasdaq notified the Company that due to the passing of Ms. Russell, the Company no longer complies with the audit committee requirement under Nasdaq Listing Rule 5605(c)(2)(A). Nasdaq further notified the Company that, consistent with Nasdaq Listing Rule 5605(c)(4), Nasdaq will provide the Company a cure period in order to regain compliance (i) until the earlier of the Company’s next annual meeting of shareholders or July 11, 2026; or, (ii) if the next annual meeting of shareholders is held before January 7, 2026, then the Company must provide evidence of compliance no later than January 7, 2026. The Company must submit to Nasdaq documentation, including biographies of any new directors, evidencing compliance with the rules no later than the foregoing period. The Company intends to regain compliance as soon as possible and the Board will add a new independent director who satisfies the applicable requirements of the Nasdaq Listing Rules prior to the expiration of the cure period described above. Aankondiging • Jul 18
AXT, Inc. Announces Demise of Christine Russell, Board and Committees Member AXT, Inc. reported that Ms. Christine Russell, a member of the Company’s Board of Directors, passed away on July 11, 2025. Ms. Russell joined the Company’s Board in December 2019 as an independent director. She served as Chair of the Audit Committee and was a member of the Compensation Committee and the Nominating and Corporate Governance Committee. Aankondiging • Apr 07
AXT, Inc., Annual General Meeting, May 15, 2025 AXT, Inc., Annual General Meeting, May 15, 2025. Location: 4281 technology drive, california 94538, fremont, United States Aankondiging • Apr 04
AXT, Inc. to Report Q1, 2025 Results on May 01, 2025 AXT, Inc. announced that they will report Q1, 2025 results After-Market on May 01, 2025 Aankondiging • Jan 22
AXT, Inc. to Report Q4, 2024 Results on Feb 20, 2025 AXT, Inc. announced that they will report Q4, 2024 results After-Market on Feb 20, 2025 New Risk • Nov 03
New major risk - Revenue and earnings growth Earnings have declined by 25% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 25% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€84.4m market cap, or US$91.5m). Reported Earnings • Nov 01
Third quarter 2024 earnings released: US$0.068 loss per share (vs US$0.14 loss in 3Q 2023) Third quarter 2024 results: US$0.068 loss per share (improved from US$0.14 loss in 3Q 2023). Revenue: US$23.6m (up 36% from 3Q 2023). Net loss: US$2.94m (loss narrowed 50% from 3Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Aankondiging • Oct 03
AXT, Inc. to Report Q3, 2024 Results on Oct 31, 2024 AXT, Inc. announced that they will report Q3, 2024 results After-Market on Oct 31, 2024 New Risk • Sep 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €89.5m (US$98.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Market cap is less than US$100m (€89.5m market cap, or US$98.8m). Reported Earnings • Aug 04
Second quarter 2024 earnings released: US$0.035 loss per share (vs US$0.12 loss in 2Q 2023) Second quarter 2024 results: US$0.035 loss per share (improved from US$0.12 loss in 2Q 2023). Revenue: US$27.9m (up 50% from 2Q 2023). Net loss: US$1.52m (loss narrowed 71% from 2Q 2023). Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Aankondiging • May 08
Bragar Eagel & Squire, P.C. Announces Class Action Lawsuit Has Been Filed Against AXT, Inc. and Encourages Investors to Contact the Firm Bragar Eagel & Squire, P.C., announced that a class action lawsuit has been filed against AXT, Inc. in the United States District Court for the Eastern District of New York on behalf of all persons and entities who purchased or otherwise acquired AXT securities between March 24, 2021 and April 3, 2024, both dates inclusive. Investors have until July 5, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit. According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: AXT, Inc. overstated its property holdings; the Company did not disclose that the attempted listing of an AXT, Inc. subsidiary in China had reportedly failed; AXT, Inc. routinely engaged in environmental violations and unsafe business practices; AXT’s production declined in 2023; and as a result, Defendants’ statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all times. Reported Earnings • May 03
First quarter 2024 earnings released: US$0.048 loss per share (vs US$0.08 loss in 1Q 2023) First quarter 2024 results: US$0.048 loss per share (improved from US$0.08 loss in 1Q 2023). Revenue: US$22.7m (up 17% from 1Q 2023). Net loss: US$2.08m (loss narrowed 39% from 1Q 2023). Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. Aankondiging • Apr 06
AXT, Inc., Annual General Meeting, May 16, 2024 AXT, Inc., Annual General Meeting, May 16, 2024, at 11:00 Pacific Standard Time. Location: 4281 Technology Drive, Fremont California United States Agenda: To elect one (1) Class II director to hold office for a three-year term and until his successor is elected and qualified; to approve, on an advisory basis, the compensation of company's Named Executive Officers; to approve an amendment to the 2015 Equity Incentive Plan to increase the number of shares reserved for issuance thereunder by 3,600,000; to ratify the appointment of BPM LLP as company's independent registered public accounting firm for the fiscal year ending December 31, 2024; and to transact such other business as may properly come before the meeting. New Risk • Feb 25
New major risk - Revenue and earnings growth Earnings have declined by 2.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 2.8% per year over the past 5 years. Reported Earnings • Feb 25
Full year 2023 earnings released: US$0.42 loss per share (vs US$0.37 profit in FY 2022) Full year 2023 results: US$0.42 loss per share (down from US$0.37 profit in FY 2022). Revenue: US$75.8m (down 46% from FY 2022). Net loss: US$17.9m (down 214% from profit in FY 2022). Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Aankondiging • Feb 23
AXT, Inc. Provides Earnings Guidance for the First Quarter of 2024 AXT, Inc. provided earnings guidance for the first quarter of 2024. for the quarter, the company expects revenue to be between $20 million and $22 million and GAAP net loss will be in the range of $0.08 to $0.10. New Risk • Feb 14
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €92.9m (US$99.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Market cap is less than US$100m (€92.9m market cap, or US$99.5m). Aankondiging • Jan 24
AXT, Inc. to Report Q4, 2023 Results on Feb 22, 2024 AXT, Inc. announced that they will report Q4, 2023 results After-Market on Feb 22, 2024 New Risk • Nov 05
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 17% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 17% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (€89.7m market cap, or US$96.1m). Reported Earnings • Nov 04
Third quarter 2023 earnings released: US$0.14 loss per share (vs US$0.14 profit in 3Q 2022) Third quarter 2023 results: US$0.14 loss per share (down from US$0.14 profit in 3Q 2022). Revenue: US$17.4m (down 51% from 3Q 2022). Net loss: US$5.82m (down 202% from profit in 3Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Aankondiging • Oct 17
AXT, Inc. to Report Q3, 2023 Results on Nov 02, 2023 AXT, Inc. announced that they will report Q3, 2023 results After-Market on Nov 02, 2023 Reported Earnings • Aug 06
Second quarter 2023 earnings released: US$0.12 loss per share (vs US$0.13 profit in 2Q 2022) Second quarter 2023 results: US$0.12 loss per share (down from US$0.13 profit in 2Q 2022). Revenue: US$18.6m (down 53% from 2Q 2022). Net loss: US$5.09m (down 193% from profit in 2Q 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. New Risk • Jul 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €2.62, the stock trades at a trailing P/E ratio of 12.6x. Average forward P/E is 16x in the Semiconductor industry in Germany. Total loss to shareholders of 35% over the past three years. Aankondiging • Jul 04
AXT, Inc. to Report Q2, 2023 Results on Aug 03, 2023 AXT, Inc. announced that they will report Q2, 2023 results After-Market on Aug 03, 2023 Aankondiging • Jun 25
AXT, Inc.(NasdaqGS:AXTI) dropped from Russell 2000 Dynamic Index AXT, Inc.(NasdaqGS:AXTI) dropped from Russell 2000 Dynamic Index Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €2.78, the stock trades at a trailing P/E ratio of 14.4x. Average forward P/E is 17x in the Semiconductor industry in Germany. Total loss to shareholders of 45% over the past three years. Reported Earnings • Apr 29
First quarter 2023 earnings released: US$0.079 loss per share (vs US$0.075 profit in 1Q 2022) First quarter 2023 results: US$0.079 loss per share (down from US$0.075 profit in 1Q 2022). Revenue: US$19.4m (down 51% from 1Q 2022). Net loss: US$3.35m (down 207% from profit in 1Q 2022). Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Board Change • Apr 13
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Director Christine Russell was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €3.38, the stock trades at a trailing P/E ratio of 9.5x. Average forward P/E is 17x in the Semiconductor industry in Germany. Total returns to shareholders of 69% over the past three years. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to €4.12, the stock trades at a trailing P/E ratio of 12.5x. Average forward P/E is 17x in the Semiconductor industry in Germany. Total returns to shareholders of 32% over the past three years. Aankondiging • Feb 18
AXT, Inc. Provides Earnings Guidance for the First Quarter of 2023 AXT, Inc. provided earnings guidance for the first quarter of 2023. For the quarter, the company expects revenue to be between $19 million and $21 million. This lower revenue is expected to have a significant impact on manufacturing overhead being spread over units, which will have a negative impact on gross margin. GAAP net loss will be in the range of $0.12 to $0.14. Reported Earnings • Feb 18
Full year 2022 earnings released: EPS: US$0.38 (vs US$0.35 in FY 2021) Full year 2022 results: EPS: US$0.38 (up from US$0.35 in FY 2021). Revenue: US$141.1m (up 2.7% from FY 2021). Net income: US$15.8m (up 9.8% from FY 2021). Profit margin: 11% (in line with FY 2021). Revenue is expected to decline by 2.8% p.a. on average during the next 2 years, while revenues in the Semiconductor industry in Germany are expected to grow by 8.8%. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Aankondiging • Jan 26
AXT, Inc. to Report Q4, 2022 Results on Feb 16, 2023 AXT, Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 16, 2023 Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: US$0.14 (vs US$0.091 in 3Q 2021) Third quarter 2022 results: EPS: US$0.14 (up from US$0.091 in 3Q 2021). Revenue: US$35.2m (up 1.8% from 3Q 2021). Net income: US$5.72m (up 52% from 3Q 2021). Profit margin: 16% (up from 11% in 3Q 2021). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: US$0.14 (vs US$0.091 in 3Q 2021) Third quarter 2022 results: EPS: US$0.14 (up from US$0.091 in 3Q 2021). Revenue: US$35.2m (up 1.8% from 3Q 2021). Net income: US$5.76m (up 53% from 3Q 2021). Profit margin: 16% (up from 11% in 3Q 2021). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment deteriorated over the past week After last week's 22% share price decline to €5.40, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Semiconductor industry in Germany. Total returns to shareholders of 99% over the past three years. Recent Insider Transactions • Aug 05
Independent Director recently sold €69k worth of stock On the 4th of August, Christine Russell sold around 8k shares on-market at roughly €9.19 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €398k more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improved over the past week After last week's 36% share price gain to €9.05, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 17x in the Semiconductor industry in Germany. Total returns to shareholders of 161% over the past three years. Reported Earnings • Jul 30
Second quarter 2022 earnings released: EPS: US$0.13 (vs US$0.10 in 2Q 2021) Second quarter 2022 results: EPS: US$0.13 (up from US$0.10 in 2Q 2021). Revenue: US$39.5m (up 17% from 2Q 2021). Net income: US$5.55m (up 28% from 2Q 2021). Profit margin: 14% (up from 13% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 14%, compared to a 14% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Aankondiging • Jul 07
AXT, Inc. to Report Q2, 2022 Results on Jul 28, 2022 AXT, Inc. announced that they will report Q2, 2022 results After-Market on Jul 28, 2022 Reported Earnings • Apr 30
First quarter 2022 earnings released: EPS: US$0.076 (vs US$0.082 in 1Q 2021) First quarter 2022 results: EPS: US$0.076 (down from US$0.082 in 1Q 2021). Revenue: US$39.7m (up 27% from 1Q 2021). Net income: US$3.17m (down 6.4% from 1Q 2021). Profit margin: 8.0% (down from 11% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 16%, compared to a 15% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Aankondiging • Apr 09
AXT, Inc., Annual General Meeting, May 19, 2022 AXT, Inc., Annual General Meeting, May 19, 2022, at 11:00 Pacific Daylight. Location: 4281 Technology Drive Fremont California United States Agenda: To consider electing one (1) Class III director to hold office for a three year term and until her successor is elected and qualified; to approve, on an advisory basis, the compensation of named executive officers; to ratify the appointment of BPM LLP as independent registered public accounting firm for the fiscal year ending December 31, 2022; and to transact such other business as may properly come before the meeting. Aankondiging • Apr 07
AXT, Inc. to Report Q1, 2022 Results on Apr 28, 2022 AXT, Inc. announced that they will report Q1, 2022 results After-Market on Apr 28, 2022 Reported Earnings • Mar 18
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$0.35 (up from US$0.076 in FY 2020). Revenue: US$137.4m (up 44% from FY 2020). Net income: US$14.4m (up 370% from FY 2020). Profit margin: 11% (up from 3.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Over the next year, revenue is forecast to grow 19%, compared to a 15% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 18
AXT, Inc. Provides Earnings Guidance for the First Quarter of 2022 AXT, Inc. provided earnings guidance for the first quarter of 2022. For the quarter, the company expects revenue to be between $38 million and $40 million and GAAP net profit will be in the range of $0.05 to $0.07. Reported Earnings • Feb 17
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$0.35 (up from US$0.076 in FY 2020). Revenue: US$137.4m (up 44% from FY 2020). Net income: US$14.6m (up 376% from FY 2020). Profit margin: 11% (up from 3.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Over the next year, revenue is forecast to grow 15%, compared to a 16% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Aankondiging • Jan 12
AXT, Inc. Increases Revenue Guidance for the Fourth Quarter of 2021 AXT, Inc. increased revenue guidance for the fourth quarter of 2021. For the quarter, the company increased revenue guidance range to $36–$37 million from its previous guidance of $34–$36 million. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improved over the past week After last week's 17% share price gain to €7.80, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 34x in the Semiconductor industry in Germany. Total returns to shareholders of 56% over the past three years. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS US$0.092 (vs US$0.024 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$34.6m (up 36% from 3Q 2020). Net income: US$3.80m (up 301% from 3Q 2020). Profit margin: 11% (up from 3.7% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €6.65, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 35x in the Semiconductor industry in Germany. Total returns to shareholders of 10% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €9.27 per share. Recent Insider Transactions • Aug 11
Co-Founder recently sold €329k worth of stock On the 6th of August, Morris Young sold around 40k shares on-market at roughly €8.23 per share. In the last 3 months, they made an even bigger sale worth €355k. Morris has been a seller over the last 12 months, reducing personal holdings by €1.8m. Reported Earnings • Jul 29
Second quarter 2021 earnings released: EPS US$0.11 (vs US$0.008 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$33.7m (up 52% from 2Q 2020). Net income: US$4.39m (up US$4.07m from 2Q 2020). Profit margin: 13% (up from 1.4% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Recent Insider Transactions • Jul 09
Co-Founder recently sold €355k worth of stock On the 6th of July, Morris Young sold around 40k shares on-market at roughly €8.87 per share. This was the largest sale by an insider in the last 3 months. Morris has been a seller over the last 12 months, reducing personal holdings by €1.5m. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improved over the past week After last week's 18% share price gain to US$10.00, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 34x in the Semiconductor industry in Germany. Total returns to shareholders of 57% over the past three years. Recent Insider Transactions • Jun 11
Co-Founder recently sold €344k worth of stock On the 7th of June, Morris Young sold around 40k shares on-market at roughly €8.59 per share. In the last 3 months, they made an even bigger sale worth €414k. Morris has been a seller over the last 12 months, reducing personal holdings by €1.1m. Recent Insider Transactions • May 26
Independent Director recently sold €81k worth of stock On the 21st of May, Leonard Leblanc sold around 10k shares on-market at roughly €8.09 per share. In the last 3 months, there was an even bigger sale from another insider worth €414k. Insiders have been net sellers, collectively disposing of €1.5m more than they bought in the last 12 months. Reported Earnings • May 16
First quarter 2021 earnings released: EPS US$0.084 (vs US$0.006 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$31.4m (up 51% from 1Q 2020). Net income: US$3.43m (up US$3.65m from 1Q 2020). Profit margin: 11% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • May 09
Co-Founder recently sold €315k worth of stock On the 7th of May, Morris Young sold around 40k shares on-market at roughly €7.96 per share. In the last 3 months, they made an even bigger sale worth €414k. Morris has been a seller over the last 12 months, reducing personal holdings by €779k. Valuation Update With 7 Day Price Move • May 05
Investor sentiment deteriorated over the past week After last week's 19% share price decline to US$7.65, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 40x in the Semiconductor industry in Germany. Total returns to shareholders of 41% over the past three years. Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS US$0.084 (vs US$0.006 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$31.4m (up 51% from 1Q 2020). Net income: US$3.43m (up US$3.65m from 1Q 2020). Profit margin: 11% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Apr 09
Co-Founder recently sold €414k worth of stock On the 6th of April, Morris Young sold around 40k shares on-market at roughly €10.34 per share. This was the largest sale by an insider in the last 3 months. Morris has been a seller over the last 12 months, reducing personal holdings by €464k. Reported Earnings • Mar 25
Full year 2020 earnings released: EPS US$0.076 (vs US$0.07 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$95.4m (up 14% from FY 2019). Net income: US$3.06m (up US$5.84m from FY 2019). Profit margin: 3.2% (up from net loss in FY 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Feb 26
Independent Non-Executive Chairman recently sold €223k worth of stock On the 24th of February, Jesse Chen sold around 20k shares on-market at roughly €11.16 per share. This was the largest sale by an insider in the last 3 months. Jesse has been a seller over the last 12 months, reducing personal holdings by €370k. Reported Earnings • Feb 20
Full year 2020 earnings released: EPS US$0.081 (vs US$0.07 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$95.4m (up 14% from FY 2019). Net income: US$3.24m (up US$6.02m from FY 2019). Profit margin: 3.4% (up from net loss in FY 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 89% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 20
Revenue beats expectations Revenue exceeded analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 27%, compared to a 17% growth forecast for the Semiconductor industry in Germany. Is New 90 Day High Low • Feb 13
New 90-day high: €10.10 The company is up 51% from its price of €6.70 on 13 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 39% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.73 per share. Aankondiging • Feb 10
AXT, Inc. to Report Q4, 2020 Results on Feb 18, 2021 AXT, Inc. announced that they will report Q4, 2020 results After-Market on Feb 18, 2021 Is New 90 Day High Low • Jan 08
New 90-day high: €8.75 The company is up 68% from its price of €5.20 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.50 per share. Is New 90 Day High Low • Dec 10
New 90-day high: €8.50 The company is up 100% from its price of €4.26 on 11 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.41 per share. Aankondiging • Dec 04
AXT, Inc. Completes the Ramp of Osram Shipments from New, Dingxing Manufacturing Facility AXT, Inc. announced that it has completed the ramp of its gallium arsenide substrate shipments for its major customer, OSRAM, from its new manufacturing facility in Dingxing, China. In March, OSRAM finished its qualification of the new facility and began accepting a portion of its order volume from Dingxing, which it has continued to ramp throughout the year. Dingxing is approximately 75 miles from Beijing. AXT began offering wafers from its new facility for customer qualification in 2019, and began customer site qualifications later that year. The relocation process was prompted by the Beijing city government’s selection of Tongzhou for its new municipal headquarters. Along with many other businesses asked to relocate their manufacturing lines in order to create room and upgrade the district, AXT was instructed to relocate its gallium arsenide manufacturing line. Aankondiging • Nov 18
AXT Announces Strategic Plan to Access China’s Capital Markets AXT, Inc. announced a strategic plan to access China's capital markets in order to enhance its ability to support at scale the strong, expected demand for strategic compound semiconductor materials and to continue to elevate its business and manufacturing operations in support of Tier-1 customer requirements, as well as to replenish its cash with minimal dilution and further strengthen its financial structure. AXT plans to merge two of its raw material companies into its wafer manufacturing company in China, Beijing Tongmei Xtal Technology Co. Ltd. ("Tongmei"), subject to completion of definitive documentation and applicable laws. The two raw material companies, Beijing BoYu Semiconductor Vessel Craftwork Technology Co. Ltd. ("BoYu") and Nanjing JinMei Gallium Co. Ltd. ("JinMei"), and their related entities in China are performing well and add breadth of product diversity to Tongmei.AXT plans to merge two of its raw material companies into its wafer manufacturing company in China, Beijing Tongmei Xtal Technology Co. Ltd. ("Tongmei"), subject to completion of definitive documentation and applicable laws. The two raw material companies, Beijing BoYu Semiconductor Vessel Craftwork Technology Co. Ltd. ("BoYu") and Nanjing JinMei Gallium Co. Ltd. ("JinMei"), and their related entities in China are performing well and add breadth of product diversity to Tongmei. AXT will seek to list shares of Tongmei on the Shanghai Stock Exchange's Sci-Tech innovAtion boaRd (the "STAR Market"), an exchange intended to support innovative companies in China. The process of going public on the STAR Market includes several periods of review and, therefore, is a lengthy process. Tongmei does not expect to accomplish this goal until mid-2022. The listing of Tongmei on China's STAR market will not change the status of AXT, Inc. as a U.S. public company. It is a U.S. company, headquartered in Fremont, California. It will continue to be listed on the Nasdaq Global Select Market under the symbol AXTI. Is New 90 Day High Low • Nov 09
New 90-day high: €5.70 The company is up 38% from its price of €4.12 on 11 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.33 per share. Analyst Estimate Surprise Post Earnings • Nov 08
Revenue beats expectations Revenue exceeded analyst estimates by 5.8%. Over the next year, revenue is forecast to grow 20%, compared to a 19% growth forecast for the Semiconductor industry in Germany. Reported Earnings • Nov 08
Third quarter 2020 earnings released: EPS US$0.025 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$25.5m (up 28% from 3Q 2019). Net income: US$991.0k (up US$1.93m from 3Q 2019). Profit margin: 3.9% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 89% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total losses of US$1.05m, with losses narrowing by 42% from the prior year. Total revenue was US$86.7m over the last 12 months, largely unchanged from the prior year. Analyst Estimate Surprise Post Earnings • Oct 30
Third-quarter earnings released: Revenue beats expectations Third-quarter revenue exceeded analyst estimates by 5.8% at US$25.5m. Revenue is forecast to grow 20% over the next year, compared to a 19% growth forecast for the Semiconductor industry in Germany. Aankondiging • Oct 08
AXT, Inc. to Report Q3, 2020 Results on Oct 28, 2020 AXT, Inc. announced that they will report Q3, 2020 results at 5:00 PM, Eastern Standard Time on Oct 28, 2020 Recent Insider Transactions • Oct 02
CFO, VP & Corporate Secretary recently sold €179k worth of stock On the 29th of September, Gary Fischer sold around 33k shares on-market at roughly €5.35 per share. This was the largest sale by an insider in the last 3 months. This was Gary's only on-market trade for the last 12 months. Is New 90 Day High Low • Sep 30
New 90-day high: €5.20 The company is up 31% from its price of €3.96 on 02 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.55 per share. Aankondiging • Jul 10
AXT, Inc. to Report Q2, 2020 Results on Jul 22, 2020 AXT, Inc. announced that they will report Q2, 2020 results at 5:00 PM, Eastern Standard Time on Jul 22, 2020