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AXT INC (AXTI)

Income Statement Business | Product | Geographic | Customer

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    China  55.467.435.226.831.525.0 13.7
    Other  85.770.060.256.570.973.7 63.8
Total revenues  141.1137.495.483.3102.498.781.377.5
            Revenue growth   [+]2.7%44.1%14.5%-18.7%3.8%21.3%5.0%-7.2%
Cost of goods sold  89.090.065.158.465.464.255.060.7
Gross profit  52.147.430.324.837.034.526.416.8
            Gross margin  36.9%34.5%31.7%29.8%36.2%34.9%32.4%21.7%
Selling, general and administrative  25.724.219.219.319.017.013.916.1
Research and development  13.910.37.15.85.94.85.95.7
Equity in earnings  6.04.40.1-1.9-1.1-1.7-2.00.5
EBITDA   [+]26.624.48.43.315.915.49.51.1
            EBITDA margin  18.9%17.7%8.8%4.0%15.6%15.6%11.7%1.4%
Depreciation and amortization  8.17.14.35.54.94.44.95.5
EBIT   [+]18.517.34.1-2.211.110.94.7-4.4
            EBIT margin  13.1%12.6%4.2%-2.6%10.8%11.1%5.7%-5.7%
Non-recurring items        0.2 
Interest income  1.10.20.20.20.50.50.40.4
Other income (expense), net  1.30.12.80.90.4-0.60.92.0
Pre-tax income  20.917.67.1-1.011.910.95.7-2.0
Income taxes  2.21.12.00.60.90.80.70.5
            Tax rate  10.4%6.2%28.7% 7.9%7.3%12.9% 
Minority interest  2.91.91.81.01.4-0.1-0.7-0.3
Net income  15.814.63.2-2.69.710.15.6-2.2
            Net margin  11.2%10.6%3.4%-3.1%9.4%10.3%6.9%-2.9%
   
Basic EPS   [+]$0.38$0.35$0.08($0.07)$0.25$0.27$0.18($0.07)
Diluted EPS   [+]$0.37$0.34$0.08($0.07)$0.24$0.26$0.17($0.07)
   
Shares outstanding (basic)   [+]42.141.440.239.539.037.432.132.2
Shares outstanding (diluted)   [+]42.742.741.039.540.339.032.932.2
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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