AXT, Inc. (AXTI)

AXT, Inc. Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	75.8	141.12	137.39	95.36	83.26
Revenue Growth (YoY)	-46.29%	2.71%	44.08%	14.54%	-18.69%
Cost of Revenue	62.48	89	89.98	65.09	58.43
Gross Profit	13.32	52.12	47.41	30.28	24.83
Selling, General & Admin	22.81	25.65	24.19	19.2	19.31
Research & Development	12.08	13.91	10.33	7.14	5.83
Operating Expenses	34.89	39.57	34.52	26.34	25.14
Operating Income	-21.57	12.55	12.9	3.94	-0.31
Interest Expense / Income	1.53	1.07	0.21	0.18	0
Other Expense / Income	-5.38	-6.51	-2.98	-1.51	1.72
Pretax Income	-17.72	18	15.67	5.27	-2.04
Income Tax	0.16	2.19	1.09	2.03	0.56
Net Income	-17.88	15.81	14.58	3.24	-2.6
Net Income Growth	-	8.48%	350.12%	-	-
Shares Outstanding (Basic)	43	42	41	40	39
Shares Outstanding (Diluted)	43	43	43	41	39
Shares Change	-0.17%	-0.01%	4.13%	3.89%	-1.93%
EPS (Basic)	-0.42	0.37	0.35	0.08	-0.07
EPS (Diluted)	-0.42	0.37	0.34	0.07	-0.07
EPS Growth	-	8.82%	385.71%	-	-
Free Cash Flow	-7.07	-37.23	-32.95	-13.99	-9.13
Free Cash Flow Per Share	-0.17	-0.88	-0.80	-0.35	-0.23
Gross Margin	17.57%	36.93%	34.51%	31.75%	29.82%
Operating Margin	-28.46%	8.90%	9.39%	4.13%	-0.38%
Profit Margin	-23.59%	11.20%	10.61%	3.40%	-3.12%
Free Cash Flow Margin	-9.33%	-26.38%	-23.98%	-14.67%	-10.97%
Effective Tax Rate	-	12.14%	6.98%	38.55%	-
EBITDA	-7.47	27.19	22.96	9.78	3.49
EBITDA Margin	-9.86%	19.26%	16.71%	10.26%	4.20%
Depreciation & Amortization	8.72	8.12	7.08	4.33	5.53
EBIT	-16.19	19.07	15.88	5.45	-2.04
EBIT Margin	-21.37%	13.51%	11.56%	5.71%	-2.45%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).