A Business at a Glance
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Item 1. Business AXT is a worldwide materials science company that develops and produces high-performance compound and single element semiconductor substrates, also known as wafers. Two of our consolidated subsidiaries produce and sell certain raw materials some of which are used in our substrate manufacturing process and some of which are sold to other companies. Our substrate wafers are used when a typical silicon substrate wafer cannot meet the performance requirements of a semiconductor or optoelectronic device. The dominant substrates used in producing semiconductor chips and other electronic circuits are made from silicon. However, certain chips may become too hot or perform their function too slowly if silicon is used as the base material. In addition, optoelectronic applications, such as LED lighting and chip-based lasers, do not use silicon substrates because they require a waveform frequency that cannot be achieved using silicon.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 88M | 88M | 99M | 76M | 141M | 137M |
| Net Income | -21M | -21M | -12M | -18M | 16M | 15M |
| EPS | $-0.49 | $-0.49 | $-0.27 | $-0.42 | $0.37 | $0.34 |
| Free Cash Flow | -19M | -19M | -18M | -7.1M | -37M | -33M |
| ROIC | -6.1% | -8.9% | -5.9% | -8.8% | 5.0% | 6.6% |
| Gross Margin | 12.7% | 12.7% | 24.0% | 17.6% | 36.9% | 34.5% |
| Debt/Equity | 0.48 | 0.48 | 0.53 | 0.27 | 0.22 | 0.07 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -22M | -22M | -15M | -22M | 13M | 13M |
| Operating Margin | -24.9% | -24.9% | -14.9% | -28.5% | 8.9% | 9.4% |
| ROE | -7.8% | -9.1% | -6.0% | -8.8% | 7.1% | 6.9% |
| Shares Outstanding | 43M | 43M | 43M | 43M | 43M | 43M |
AXT INC passes 0 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 25.1%. At current prices, the estimated annualized return to fair value is -1.7%.
AXT INC (AXTI) has a 5-year average return on invested capital (ROIC) of -2.4%. This is below average and may indicate limited pricing power.
AXT INC (AXTI) has a market capitalization of $2.9B. It is classified as a mid-cap stock.
AXT INC (AXTI) does not currently pay a regular dividend.
AXT INC (AXTI) operates in the Semiconductors & Related Devices industry, within the Technology sector.
AXT INC (AXTI) reported annual revenue of $88 million in its most recent fiscal year, based on SEC EDGAR filings.
AXT INC (AXTI) has a net profit margin of -24.1%. The company is currently unprofitable.
AXT INC (AXTI) generated $-19 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
AXT INC (AXTI) has a debt-to-equity ratio of 0.48. This indicates a conservatively financed balance sheet.
AXT INC (AXTI) reported earnings per share (EPS) of $-0.49 in its most recent fiscal year.
AXT INC (AXTI) has a return on equity (ROE) of -9.1%. A negative ROE may indicate losses or negative equity.
AXT INC (AXTI) has a 5-year average gross margin of 25.1%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for AXT INC (AXTI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
AXT INC (AXTI) has a book value per share of $6.30, based on its most recent annual SEC filing.