AXT Inc (NASDAQ:AXTI) Beats Estimates

InterCloud Systems Inc. (OTCMKTS:ICLD)


AXT Inc. (NASDAQ:AXTI) on Wednesday reported, after-hours, fourth-quarter net income of $2.2 million, after reporting a loss in the same period a year earlier. The Fremont, California-based company said it had profit of $0.06/share which was $0.03 larger than analyst expectations. Revenues were $20.3 million which beat analyst expectations by over $1.2 million but represented a drop of 7.7% for the same quarter last year. For the year, the company reported net income of $5.6 million, or $0.17/share. Revenue was reported as $81.3 million. With less than one hour left in the regular session AXT shares are trading up over 12% at $7.75 on volumes over seven times their normal average daily volume.

AXT Inc. (NASDAQ:AXTI) designs, develops, manufactures and distributes high-performance compound semiconductor substrates. The company’s products are used to fabricate integrated circuits for electronic systems that operate the latest fiber optic communications, wireless communications, and lighting display applications. AXT Inc. has manufacturing facilities in China and investments in 10 subsidiaries & joint ventures in China producing raw materials.

In 2011 AXT Inc. (NASDAQ:AXTI) reported sales of $104.1 million. That number has trended down YoY and in 2015 the company reported sales of $77.5 million. Earnings for shareholders have been negative for the last three years and in 2015 AXT Inc. (NASDAQ:AXTI) posted an EPS loss of $0.08. Of the five firms that follow AXT Inc. (NASDAQ:AXTI), three rate AXTI shares as a “Strong Buy” and two rate the shares as a “Buy”. 

Ticker Symbol AXTI
Last Price a/o 2:42 PM EST  $                      7.75
Average Volume                    335,230
Market Cap (mlns)  $                  218.52
Sales (mlns) $79.10
Shares Outstanding (mlns) 31.67
Share Float (mlns) 30.73
Shortable Yes
Optionable Yes
Inside Ownership 1.20%
Short Float 30.73%
Short Interest Ratio 0.9
Quarterly Return 35.29%
YTD Return 43.75%
Year Return 159.40%

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance.


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James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

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