AXT, Inc. (AXTI) Tops Q3 EPS by 1c

Go back to AXT, Inc. (AXTI) Tops Q3 EPS by 1c

AXT, Inc. Announces Third Quarter 2018 Financial Results

October 31, 2018 4:10 PM EDT

FREMONT, Calif., Oct. 31, 2018 (GLOBE NEWSWIRE) -- AXT, Inc. (NasdaqGS: AXTI), a leading  material science company manufacturing single crystal compound semiconductor substrates, today reported financial results for the third quarter, ended September 30, 2018.

Third Quarter 2018 Results

Revenue in the third quarter of 2018 was $28.6 million, compared with $27.1 million in the second quarter of 2018 and $28.2 million in the third quarter of 2017.   

Gross margin was 37.1 percent of revenue in the third quarter of 2018, compared with 40.6 percent of revenue in the second quarter of 2018 and 39.5 percent... More