AXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates. The company manufactures its semiconductor substrates using its proprietary vertical gradient freeze technology. It offers semi-insulating substrates made from gallium with arsenic (GaAs), which are used for applications in power amplifiers and radio frequency integrated circuits for wireless handsets; direct broadcast televisions; transistors; and satellite communications. AXT, Inc. also provides semi-conducting substrates made from GaAs that have applications in light emitting diodes, lasers, vertical cavity surface emitting lasers (VCSELs), printer heads, and optical couplers; indium with phosphorous substrates for fiber optic lasers and detectors, data center connectivity products, silicon photonics, opto electronics ICs, terrestrial solar cells, lasers, and VCSELs; and germanium substrates for satellite and terrestrial solar cells, as well as optical sensors and detectors. In addition, the company, through its subsidiaries and joint ventures, manufactures and sells raw materials for gallium, gallium alloys, indium phosphide poly-crystal, germanium, germanium dioxide, high purity arsenic, pyrolytic boron nitride, and boron oxide. AXT, Inc. sells its products through direct sales force in the United States and China, as well as through independent sales representatives and distributors in Europe and other parts of Asia. The company was formerly known as American Xtal Technology, Inc. and changed its name to AXT, Inc. in July 2000. AXT, Inc. was founded in 1986 and is headquartered in Fremont, California.
AXT beats Street 3Q forecasts FREMONT, Calif. (AP) _ AXT Inc. (AXTI) on Wednesday reported third-quarter profit of $2.2 million. The Fremont, California-based company said it had net income of 7 cents per share. The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share. The semiconductor materials supplier posted revenue of $21.9 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $21 million. AXT shares have more than doubled since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.73, more than doubling in the last 12 months.
AXT, Inc. designs, develops, manufactures and distributes high-performance compound semiconductor substrates. Our customers use our products to fabricate integrated circuits for electronic systems that operate the latest fiber optic communications, wireless communications and lighting display applications. Although our process and products are complex and technically sophisticated, our value message is elegantly straightforward - as expressed by our tagline's three AXT VGF attributes. ATX Weekly Chart:
