AXT Inc. (NASDAQ:AXTI) is one of them 10 Stocks Investors Watch
AXT rallied for a second day on Tuesday, rising 14.89 percent to close at $44.30 apiece, as investors continued to look for bargains after last week’s string of losses.
The rally was helped by strong investor confidence after the company posted a more optimistic outlook for the first quarter of the year, thanks to an expected improvement in export permits.
A semiconductor. Photo by Tima Miroshenko on Pixels
Last year, AXT Inc. (NASDAQ:AXTI) expanded attributable net loss by 83 percent to $21.26 million in 2024 from $11.6 million. Revenue also fell 11 percent to $88 million from $99 million in the year.
In the fourth quarter alone, attributable net loss fell 31 percent from $5.09 million to $3.5 million, while revenue fell 8 percent to $23 million from $25 million.
“While we are disappointed that we did not receive as many export licenses in Q4 as we had hoped, we are happy to report that we have received some licenses so far in 2026 and believe we are in a strong position to achieve top-line growth in Q1, driven primarily by growth in indium phosphide,” said (NASDAQ:AXTI) CEO Maurice Young.
“As we enter a multi-year growth cycle as a core supplier to 2026, we are specifically expanding our customer base to include Tier-1 companies that we previously had limited exposure to. We are on track to double our indium phosphide production capacity this year and have a strong balance sheet to support our continued business development.”
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Read more: 30 stocks that should double in 3 years and 11 Secret AI Stocks to Buy Right Now.
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