AXT, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 22.69 million compared to USD 19.41 million a year ago. Net loss was USD 2.08 million compared to USD 3.35 million a year ago.

Basic loss per share from continuing operations was USD 0.05 compared to USD 0.08 a year ago. Diluted loss per share from continuing operations was USD 0.05 compared to USD 0.08 a year ago.