Company Quick10K Filing
AXT
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 40 $155
10-Q 2019-11-08 Quarter: 2019-09-30
10-Q 2019-08-08 Quarter: 2019-06-30
10-Q 2019-05-08 Quarter: 2019-03-31
10-K 2019-03-11 Annual: 2018-12-31
10-Q 2018-11-07 Quarter: 2018-09-30
10-Q 2018-08-07 Quarter: 2018-06-30
10-Q 2018-05-04 Quarter: 2018-03-31
10-K 2018-03-09 Annual: 2017-12-31
10-Q 2017-11-08 Quarter: 2017-09-30
10-Q 2017-08-04 Quarter: 2017-06-30
10-Q 2017-05-08 Quarter: 2017-03-31
10-K 2017-02-27 Annual: 2016-12-31
10-Q 2016-11-04 Quarter: 2016-09-30
10-Q 2016-08-05 Quarter: 2016-06-30
10-Q 2016-05-06 Quarter: 2016-03-31
10-K 2016-03-11 Annual: 2015-12-31
10-Q 2015-11-06 Quarter: 2015-09-30
10-Q 2015-08-07 Quarter: 2015-06-30
10-Q 2015-05-08 Quarter: 2015-03-31
10-K 2015-03-13 Annual: 2014-12-31
10-Q 2014-11-06 Quarter: 2014-09-30
10-Q 2014-08-08 Quarter: 2014-06-30
10-Q 2014-05-09 Quarter: 2014-03-31
10-K 2014-03-14 Annual: 2013-12-31
10-Q 2013-11-08 Quarter: 2013-09-30
10-Q 2013-08-09 Quarter: 2013-06-30
10-Q 2013-05-10 Quarter: 2013-03-31
10-K 2013-03-15 Annual: 2012-12-31
10-Q 2012-11-09 Quarter: 2012-09-30
10-Q 2012-08-09 Quarter: 2012-06-30
10-Q 2012-05-10 Quarter: 2012-03-31
10-K 2012-03-15 Annual: 2011-12-31
10-Q 2011-11-08 Quarter: 2011-09-30
10-Q 2011-08-09 Quarter: 2011-06-30
10-Q 2011-05-10 Quarter: 2011-03-31
10-K 2011-03-16 Annual: 2010-12-31
10-Q 2010-11-09 Quarter: 2010-09-30
10-Q 2010-08-09 Quarter: 2010-06-30
10-Q 2010-05-17 Quarter: 2010-03-31
10-K 2010-03-22 Annual: 2009-12-31
8-K 2020-02-19 Earnings, Exhibits
8-K 2019-10-30 Earnings, Exhibits
8-K 2019-10-02 Earnings, Exhibits
8-K 2019-07-24 Earnings, Exhibits
8-K 2019-05-23 Officers, Shareholder Vote
8-K 2019-04-24 Earnings, Exhibits
8-K 2019-02-20 Earnings, Exhibits
8-K 2019-01-14 Earnings, Exhibits
8-K 2018-11-06 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-10-31 Earnings, Exhibits
8-K 2018-07-25 Earnings, Exhibits
8-K 2018-05-25 Shareholder Vote
8-K 2018-04-25 Earnings, Exhibits
8-K 2018-04-11 Earnings, Exhibits
8-K 2018-02-21 Earnings, Exhibits
8-K 2018-02-21 Officers

AXT Financials

AXTI Metrics, Comps, Filings

Annual | Quarterly

Business

AXT, Inc. (“AXT”, “the Company”, “we,” “us,” and “our” refer to AXT, Inc. and its consolidated subsidiaries) is a worldwide materials science company that develops and produces high-performance compound and single element semiconductor substrates, also known as wafers. 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 wave form frequency that cannot be achieved using silicon. Alternative or specialty materials are used to replace silicon as the preferred base in these situations. Our wafers provide such alternative or specialty materials. We do not design or manufacture the chips. We add value by researching, developing and producing the specialty material wafers. We have two product lines: specialty material substrates and raw materials integral to these substrates. Our compound substrates combine indium with phosphorous (indium phosphide: InP) or gallium with arsenic (gallium arsenide: GaAs). Our single element substrates are made from germanium (Ge).

Our raw materials include both raw gallium and purified gallium. We use purified gallium in producing our GaAs substrates and sell both raw gallium and purified gallium in the open market to other companies for use in producing magnetic materials, high temperature thermometers, single crystal ingots, including gallium arsenide, gallium nitride, gallium antimonide and gallium phosphide ingots, and other materials and alloys. We also produce pyrolytic boron nitride (pBN) crucibles used in the high temperature (typically in the range 500 C to 1,500 C) growth process of single crystal ingots and epitaxial layer growth in MBE (Molecular Beam Epitaxy) reactors. We use these pBN crucibles in our own ingot growth processes and also sell them in the open market to other companies. Our substrate product group generated 79%, 80% and 81% of our revenue and our raw materials product group generated 21%, 20% and 19% for 2018, 2017 and 2016, respectively.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
NeoPhotonics (NPTN) 289,985 22% -26.9 -11% 318,616 170,632 333,908 72,931 -36,271 -10,098 271,574
Adesto Technologies (IOTS) 240,681 45% -13.0 -20% 134,325 79,791 108,273 48,783 -26,642 -20,584 266,864
Alpha & Omega Semiconductor (AOSL) 215,614 26% 17.7 0% 739,394 296,105 450,920 115,378 1,861 10,022 177,496
Applied Optoelectronics (AAOI) 210,683 24% -30.4 -7% 495,122 183,407 210,534 50,963 -34,140 -5,807 176,388
GSI Technology (GSIT) 186,391 64% 40.5 2% 108,266 12,184 53,239 34,083 1,684 3,457 139,956
AXT (AXTI) 155,191 33% 12.3 2% 213,890 18,235 95,863 31,665 3,801 10,285 126,459
Pixelworks (PXLW) 145,853 52% 387.7 -6% 69,274 18,523 76,686 39,990 -3,887 333 129,107
Everspin Technologies (MRAM) 121,088 46% -7.9 -45% 37,476 18,829 42,471 19,646 -17,035 -14,584 115,434
Kopin (KOPN) 92,721 5% -2.3 -63% 58,358 16,384 27,520 1,439 -36,650 -35,247 80,586
Emcore (EMKR) 87,430 22% -3.3 -21% 126,656 36,049 88,206 19,749 -26,895 -20,230 66,769
Atomera (ATOM) 86,053 81% -4.9 -70% 19,801 1,344 291 236 -13,802 -13,764 66,935
Sequans Communications (SQNS) 76,733 0% 62,574 0 0 0 0 76,733
QuickLogic (QUIK) 69,673 53% -2.9 -36% 40,131 20,269 12,024 6,416 -14,435 -14,355 41,522
Resonant (RESN) 64,309 0% -2.0 -154% 18,057 5,901 440 0 -27,783 -26,831 53,809
Supercom (SPCB) 58,936 0% 54,198 21,491 0 0 0 0 57,899
Intermolecular (IMI) 57,720 72% -7.2 -24% 45,278 17,495 25,452 18,425 -10,879 -7,731 55,560
Emagin (EMAN) 24,586 15% -5.2 -22% 28,661 10,867 23,775 3,469 -6,172 -4,186 21,781
LightPath Technologies (LPTH) 24,265 37% 14.9 -6% 45,973 12,514 33,749 12,519 -2,680 1,689 25,242
Summit Wireless (WISA) 23,476 1% -0.8 -649% 6,157 2,204 1,529 12 -39,980 -25,745 20,154
Rubicon Technology (RBCN) 22,336 15% 38.2 0% 34,939 1,561 2,667 404 73 328 12,530

Balance Sheet ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash26,15630,63424,96128,81410,28936,15244,35216,526
Accounts Receivable17,96617,91214,94317,86418,46814,45322,77819,586
Inventory46,01240,35239,12738,57438,01240,15245,84058,571
PP&E34,28237,23578,50579,35731,42227,80546,53082,280
Assets162,488167,589163,822161,517151,896154,246211,200223,524
Accounts Payable3,2865,8948,1407,1376,4606,69111,44513,338
Long-Term Debt
Liabilities15,43916,67518,27616,82914,33513,95522,88328,992
Stockholders' Equity138,779143,613139,668138,263131,971135,911183,820190,835
Income Statement ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue104,12188,37485,33583,49977,50281,34998,673102,397
Cost of Revenue59,33963,52273,50766,33260,67354,96864,19865,350
Gross Profit44,78224,85211,82817,16716,82926,38134,47537,047
R&D2,4733,4683,4244,1445,6645,8504,8275,897
SG&A14,83615,41916,06614,97016,06413,88017,00919,003
Tax2,795853782293284788714938
Net Income25,8236,150-6,813-697-2,5334,96610,06111,009
Cash Flow ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating18,13221,3022,5093,8241,87812,5048,6153,218
Cash Investing-15,430-13,168-6,212142-2,483-1,113-36,458-30,827
Cash Financing-999-3,792-2,513-32-2,2341,29835,638213