AXT Inc (AXTI) Financial Statements (2024 and earlier)

Company Profile

Business Address 4281 TECHNOLOGY DR.
FREMONT, CA 94538
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments44,28742,18272,84236,31938,65564,384
Cash and cash equivalents34,94836,76372,60226,89216,52644,352
Short-term investments9,3395,4192409,42722,12920,032
Restricted cash and investments6,400     
Receivables29,25234,83924,55819,03119,58622,778
Inventory, net of allowances, customer advances and progress billings89,62965,91251,51549,15258,57145,840
Inventory89,62965,91251,51549,15258,57145,840
Other undisclosed current assets13,97717,25215,6038,70311,7287,519
Total current assets:183,545160,185164,518113,205128,540140,521
Noncurrent Assets
Operating lease, right-of-use asset1,7612,3242,683 
Property, plant and equipment161,017142,415115,82597,40382,28046,530
Long-term investments and receivables 2,1189,5765,726 71712,576
Long-term investments 2,1189,5765,726 71712,576
Other noncurrent assets21,63117,94110,1109,80311,98711,573
Other undisclosed noncurrent assets    2,938  
Total noncurrent assets:186,527172,256134,344110,14494,98470,679
TOTAL ASSETS:370,072332,441298,862223,349223,524211,200
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities28,24833,70628,66421,77928,70922,594
Accounts payable10,08416,64912,66910,09813,33811,445
Accrued liabilities18,16417,05715,99511,68115,37111,149
Debt47,07812,22910,4115,747  
Other undisclosed current liabilities  1,887    
Total current liabilities:75,32647,82239,07527,52628,70922,594
Noncurrent Liabilities
Long-term debt and lease obligation:  1,9352,374   
Liabilities, other than long-term debt5,0002,4531,881366283289
Other liabilities3,6782,4531,881366283289
Operating lease, liability1,3221,9352,374 
Other undisclosed noncurrent liabilities    2,695  
Total noncurrent liabilities:5,0004,3884,2553,061283289
Total liabilities:80,32652,21043,33030,58728,99222,883
Temporary equity, carrying amount44,84650,38547,563   
Equity
Equity, attributable to parent221,607211,529192,619187,885190,835183,820
Preferred stock3,5323,5323,5323,5323,5323,532
Common stock444342413939
Additional paid in capital235,308231,622230,381236,957234,419231,679
Accumulated other comprehensive income (loss)(3,118)6,3023,209(4,862)(1,972)3,407
Accumulated deficit(14,159)(29,970)(44,545)(47,783)(45,183)(54,837)
Equity, attributable to noncontrolling interest23,29318,31715,3504,8773,6974,497
Total equity:244,900229,846207,969192,762194,532188,317
TOTAL LIABILITIES AND EQUITY:370,072332,441298,862223,349223,524211,200

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues141,118137,39395,36183,256102,39798,673
Cost of revenue(88,997)(89,979)(65,086)(58,431)(65,350)(64,198)
Cost of goods and services sold      (64,198)
Gross profit:52,12147,41430,27524,82537,04734,475
Operating expenses(39,567)(34,517)(26,335)(25,139)(24,900)(21,836)
Operating income (loss):12,55412,8973,940(314)12,14712,639
Nonoperating income (expense)2,4162963,0211,164880(92)
Investment income, nonoperating(1,071)(213)(179)217528461
Other nonoperating income (expense)3,4875093,200947352(553)
Income (loss) from continuing operations before equity method investments, income taxes:14,97013,1936,96185013,02712,547
Income (loss) from equity method investments5,9574,409111(1,876)(1,080)(1,694)
Income (loss) from continuing operations before income taxes:20,92717,6027,072(1,026)11,94710,853
Income tax expense (benefit)(2,185)(1,093)(2,031)(562)(938)(792)
Income (loss) from continuing operations:18,74216,5095,041(1,588)11,00910,061
Income (loss) before gain (loss) on sale of properties:16,5095,041(1,588)11,00910,061
Net income (loss):18,74216,5095,041(1,588)11,00910,061
Net income (loss) attributable to noncontrolling interest(2,931)(1,934)(1,803)(1,012)(1,355)87
Net income (loss) attributable to parent:15,81114,5753,238(2,600)9,65410,148
Preferred stock dividends and other adjustments(177)(177)(177)(177)(177)(177)
Net income (loss) available to common stockholders, diluted:15,63414,3983,061(2,777)9,4779,971

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):18,74216,5095,041(1,588)11,00910,061
Other comprehensive income (loss)(11,232)3,6518,449(2,383)(5,740)3,588
Comprehensive income (loss):7,51020,16013,490(3,971)5,26913,649
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1,117)(2,492)(2,181)(1,519)(994)(347)
Comprehensive income (loss), net of tax, attributable to parent:6,39317,66811,309(5,490)4,27513,302

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: