AXT Inc. mengumumkan peningkatan pendapatan sebesar 23% menurut Investing.com

Q2 of 2023. On a GAAP basis, our net loss for the second quarter of 2024 was $800,000, or $0.02 per share, compared to a net loss of $2.3 million, or $0.05 per share, in Q1 of 2024, and a net loss of $6.3 million, or $0.15 per share, in Q2 of 2023.

Looking ahead, for the third quarter of 2024, we anticipate revenue to be in the range of $25.0 million to $27.0 million. We expect a non-GAAP net loss per share in the range of $0.06 to $0.08. We are cautiously optimistic about our future growth prospects, especially in the AI sector, and we are aiming for triple-digit revenue figures by 2025.

In conclusion, we are pleased with our strong performance in the second quarter of 2024, driven by increased demand across our product segments. While we are mindful of potential challenges in the near term, our long-term outlook remains positive. We are confident in our strategic initiatives and remain focused on driving growth and expanding our market presence.

Thank you for your attention, and we will now open the call for questions. Operator, please provide instructions for the Q&A session. Thank you.

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