AXT, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 19.41 million compared to USD 39.65 million a year ago. Net loss was USD 3.35 million compared to net income of USD 3.17 million a year ago.

Basic loss per share from continuing operations was USD 0.08 compared to basic earnings per share from continuing operations of USD 0.07 a year ago. Diluted loss per share from continuing operations was USD 0.08 compared to diluted earnings per share from continuing operations of USD 0.07 a year ago.