Trade AXT Inc - AXTI CFD

About AXT Inc

AXT, Inc. is a materials science company that develops and produces compound and single element semiconductor substrates, also known as wafers. The dominant substrates used in producing semiconductor chips and other electronic circuits are made from silicon. The Company is engaged in the design, development, manufacture and distribution of compound and single element semiconductor substrates and the sale of raw materials. Its compound substrates combine indium with phosphorous (InP) or gallium with arsenic (GaAs). Its single element substrates are made from germanium (Ge). The Company uses its Vertical Gradient Freeze (VGF) technique for growing single crystal Indium Phosphide (InP), Gallium Arsenide (GaAs) and Germanium (Ge) ingots used to produce electronic and opto-electronic devices and circuit applications.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, AXT Inc revenues increased 44% to $137.4M. Net income applicable to common stockholders increased from $3.2M to $14.4M. Revenues reflect China segment increase of 92% to $67.4M, Europe (primarily Germany) segment increase of 17% to $23.1M. Net income benefited from Equity in income (loss) of unconsolidate increase from $111K to $4.4M (income), Other income (expense).

Equity composition

Common Stock $.001 Par, 02/11, 70M auth., 32,104,538 o/s. Insiders control approx. 2.24%. IPO: 6/98, shares Prfd. Stock $.001 Par, 2M auth., 883,000 issd.