AXT Inc
NASDAQ:AXTI
Income Statement
Earnings Waterfall
AXT Inc
Revenue
|
75.8m
USD
|
Cost of Revenue
|
-62.5m
USD
|
Gross Profit
|
13.3m
USD
|
Operating Expenses
|
-34.9m
USD
|
Operating Income
|
-21.6m
USD
|
Other Expenses
|
3.5m
USD
|
Net Income
|
-18.1m
USD
|
Income Statement
AXT Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
85
N/A
|
82
-4%
|
80
-3%
|
83
+3%
|
84
+1%
|
84
+1%
|
84
-1%
|
79
-6%
|
78
-2%
|
76
-2%
|
76
-1%
|
79
+5%
|
81
+3%
|
83
+2%
|
86
+4%
|
93
+7%
|
99
+7%
|
102
+4%
|
106
+3%
|
107
+0%
|
102
-4%
|
98
-4%
|
96
-2%
|
87
-9%
|
83
-4%
|
84
+1%
|
81
-3%
|
87
+7%
|
95
+10%
|
106
+11%
|
118
+11%
|
127
+8%
|
137
+8%
|
146
+6%
|
151
+4%
|
152
+0%
|
141
-7%
|
121
-14%
|
100
-17%
|
82
-18%
|
76
-8%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(74)
|
(71)
|
(68)
|
(68)
|
(66)
|
(65)
|
(64)
|
(60)
|
(61)
|
(59)
|
(57)
|
(57)
|
(55)
|
(56)
|
(58)
|
(60)
|
(64)
|
(65)
|
(65)
|
(66)
|
(65)
|
(64)
|
(64)
|
(60)
|
(58)
|
(60)
|
(59)
|
(62)
|
(65)
|
(70)
|
(76)
|
(82)
|
(90)
|
(97)
|
(99)
|
(96)
|
(89)
|
(77)
|
(70)
|
(65)
|
(62)
|
|
Gross Profit |
12
N/A
|
11
-6%
|
12
+10%
|
15
+24%
|
17
+15%
|
19
+12%
|
19
+1%
|
19
-4%
|
17
-10%
|
17
+3%
|
19
+9%
|
22
+16%
|
26
+20%
|
27
+4%
|
29
+4%
|
32
+12%
|
35
+7%
|
38
+9%
|
42
+10%
|
41
-1%
|
37
-10%
|
34
-8%
|
32
-7%
|
27
-15%
|
25
-8%
|
24
-5%
|
22
-7%
|
25
+14%
|
30
+21%
|
36
+20%
|
42
+15%
|
44
+6%
|
47
+7%
|
49
+4%
|
52
+7%
|
56
+6%
|
52
-6%
|
44
-16%
|
30
-31%
|
17
-43%
|
13
-23%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(19)
|
(19)
|
(18)
|
(18)
|
(19)
|
(21)
|
(22)
|
(23)
|
(22)
|
(20)
|
(20)
|
(19)
|
(20)
|
(20)
|
(20)
|
(21)
|
(22)
|
(23)
|
(24)
|
(24)
|
(25)
|
(25)
|
(25)
|
(25)
|
(25)
|
(25)
|
(25)
|
(26)
|
(26)
|
(28)
|
(30)
|
(33)
|
(35)
|
(36)
|
(38)
|
(39)
|
(40)
|
(40)
|
(38)
|
(36)
|
(35)
|
|
Selling, General & Administrative |
(16)
|
(16)
|
(15)
|
(14)
|
(15)
|
(17)
|
(17)
|
(17)
|
(16)
|
(14)
|
(14)
|
(13)
|
(14)
|
(14)
|
(15)
|
(16)
|
(17)
|
(17)
|
(18)
|
(19)
|
(19)
|
(20)
|
(19)
|
(19)
|
(19)
|
(19)
|
(19)
|
(19)
|
(19)
|
(20)
|
(21)
|
(23)
|
(24)
|
(25)
|
(26)
|
(26)
|
(26)
|
(25)
|
(24)
|
(23)
|
(23)
|
|
Research & Development |
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(8)
|
(9)
|
(10)
|
(10)
|
(11)
|
(12)
|
(13)
|
(14)
|
(14)
|
(14)
|
(13)
|
(12)
|
|
Operating Income |
(8)
N/A
|
(8)
-3%
|
(6)
+21%
|
(3)
+52%
|
(2)
+33%
|
(2)
-10%
|
(2)
-12%
|
(4)
-55%
|
(5)
-28%
|
(3)
+46%
|
(1)
+72%
|
3
N/A
|
7
+147%
|
7
+11%
|
9
+19%
|
11
+29%
|
13
+12%
|
15
+21%
|
17
+15%
|
17
-5%
|
12
-27%
|
9
-27%
|
7
-25%
|
2
-72%
|
(0)
N/A
|
(2)
-423%
|
(3)
-118%
|
(1)
+78%
|
4
N/A
|
8
+109%
|
12
+42%
|
12
+2%
|
13
+9%
|
13
+1%
|
14
+11%
|
17
+15%
|
13
-24%
|
4
-65%
|
(8)
N/A
|
(19)
-146%
|
(22)
-13%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
2
|
2
|
2
|
2
|
2
|
2
|
1
|
1
|
1
|
0
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(0)
|
0
|
(1)
|
(2)
|
(2)
|
(167)
|
(323)
|
(402)
|
(402)
|
(237)
|
(1)
|
1
|
3
|
4
|
4
|
3
|
4
|
5
|
7
|
6
|
15
|
158
|
1
|
|
Non-Reccuring Items |
0
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
3
|
|
Total Other Income |
(1)
|
0
|
0
|
(0)
|
0
|
1
|
1
|
2
|
2
|
2
|
1
|
1
|
1
|
1
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
0
|
0
|
166
|
321
|
404
|
405
|
240
|
(0)
|
1
|
0
|
1
|
(0)
|
1
|
1
|
1
|
0
|
2
|
(7)
|
(153)
|
(1)
|
|
Pre-Tax Income |
(7)
N/A
|
(7)
N/A
|
(5)
+30%
|
(1)
+68%
|
(1)
+66%
|
0
N/A
|
0
-71%
|
(1)
N/A
|
(2)
-178%
|
(1)
+57%
|
(0)
+66%
|
2
N/A
|
6
+178%
|
6
+4%
|
7
+20%
|
9
+33%
|
11
+15%
|
14
+27%
|
17
+20%
|
16
-1%
|
12
-27%
|
8
-36%
|
5
-34%
|
(0)
N/A
|
(1)
-1 900%
|
0
N/A
|
(0)
N/A
|
3
N/A
|
7
+177%
|
11
+55%
|
15
+33%
|
17
+15%
|
18
+4%
|
18
+1%
|
20
+12%
|
23
+15%
|
21
-8%
|
13
-39%
|
(0)
N/A
|
(14)
-4 741%
|
(19)
-36%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
0
|
(0)
|
|
Income from Continuing Operations |
(7)
|
(7)
|
(5)
|
(2)
|
(1)
|
0
|
(0)
|
(1)
|
(3)
|
(2)
|
(1)
|
1
|
5
|
5
|
6
|
9
|
10
|
13
|
16
|
15
|
11
|
7
|
4
|
(1)
|
(2)
|
(0)
|
(1)
|
1
|
5
|
9
|
12
|
15
|
17
|
17
|
19
|
21
|
19
|
11
|
(1)
|
(14)
|
(19)
|
|
Income to Minority Interest |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(2)
|
(1)
|
1
|
1
|
|
Net Income (Common) |
(8)
N/A
|
(8)
+4%
|
(5)
+30%
|
(2)
+54%
|
(2)
+35%
|
(1)
+66%
|
(1)
-60%
|
(1)
-68%
|
(2)
-62%
|
(1)
+44%
|
(0)
+87%
|
2
N/A
|
6
+174%
|
6
+11%
|
7
+13%
|
9
+32%
|
10
+10%
|
12
+22%
|
14
+16%
|
14
-3%
|
10
-31%
|
6
-42%
|
3
-45%
|
(2)
N/A
|
(3)
-56%
|
(2)
+36%
|
(3)
-63%
|
(1)
+64%
|
3
N/A
|
7
+114%
|
11
+61%
|
14
+26%
|
14
+7%
|
14
-2%
|
15
+8%
|
17
+13%
|
16
-10%
|
9
-41%
|
(2)
N/A
|
(13)
-773%
|
(18)
-38%
|
|
EPS (Diluted) |
-0.25
N/A
|
-0.23
+8%
|
-0.16
+30%
|
-0.07
+56%
|
-0.05
+29%
|
-0.01
+80%
|
-0.02
-100%
|
-0.04
-100%
|
-0.07
-75%
|
-0.04
+43%
|
-0.01
+75%
|
0.06
N/A
|
0.17
+183%
|
0.18
+6%
|
0.17
-6%
|
0.24
+41%
|
0.26
+8%
|
0.31
+19%
|
0.36
+16%
|
0.35
-3%
|
0.24
-31%
|
0.14
-42%
|
0.08
-43%
|
-0.04
N/A
|
-0.07
-75%
|
-0.03
+57%
|
-0.06
-100%
|
-0.02
+67%
|
0.07
N/A
|
0.16
+129%
|
0.25
+56%
|
0.32
+28%
|
0.34
+6%
|
0.33
-3%
|
0.36
+9%
|
0.4
+11%
|
0.37
-8%
|
0.21
-43%
|
-0.04
N/A
|
-0.31
-675%
|
-0.42
-35%
|