- Q1 2024 AXT Inc Earnings Call TranscriptMay 02, 2024€2.74 (-0.36%)Earnings
- Q4 2023 AXT Inc Earnings Call TranscriptFeb 22, 2024€1.99 (-3.40%)Earnings
- Q3 2023 AXT Inc Earnings Call TranscriptNov 02, 2023€1.9 (+6.74%)Earnings
- Q2 2023 AXT Inc Earnings Call TranscriptAug 03, 2023€2.62 (-5.76%)Earnings
- Q1 2023 AXT Inc Earnings Call TranscriptApr 27, 2023€2.74 (-4.20%)Earnings
- Q4 2022 AXT Inc Earnings Call TranscriptFeb 16, 2023€5.6 (-0.88%)Earnings
- Q3 2022 AXT Inc Earnings Call TranscriptOct 27, 2022€4.4 (-0.90%)Earnings
- Q2 2022 AXT Inc Earnings Call TranscriptJul 28, 2022€6.75 (+3.85%)Earnings
- Q1 2022 AXT Inc Earnings Call TranscriptApr 28, 2022€5.6 (+4.67%)Earnings
- Q4 2021 AXT Inc Earnings Call TranscriptFeb 16, 2022€6.75Earnings
- AXT Inc to Discuss the Tongmei IPO Filing and Opportunity - Conference Call TranscriptJan 10, 2022
- Q3 2021 AXT Inc Earnings Call TranscriptOct 27, 2021€7.35 (+2.08%)Earnings
- Q2 2021 AXT Inc Earnings Call TranscriptJul 27, 2021€8.25 (+0.61%)Earnings
- Q1 2021 AXT Inc Earnings Call TranscriptApr 28, 2021€9.25 (-2.12%)Earnings
- Q4 2020 AXT Inc Earnings Call TranscriptFeb 18, 2021€9.95 (-4.33%)Earnings
- AXT Inc to Discuss the Announcement of the Strategic Plan to Access China's Capital Markets - Conference Call TranscriptNov 16, 2020
- Q3 2020 AXT Inc Earnings Call TranscriptOct 28, 2020€4.74Earnings
- Q2 2020 AXT Inc Earnings Call TranscriptJul 22, 2020€4.6 (+5.50%)Earnings
- Q1 2020 AXT Inc Earnings Call TranscriptApr 22, 2020€3.5 (+4.79%)Earnings
- Q4 2019 AXT Inc Earnings Call TranscriptFeb 19, 2020€3.64Earnings
- Q3 2019 AXT Inc Earnings Call TranscriptOct 30, 2019€2.68 (-0.74%)Earnings
- Q2 2019 AXT Inc Earnings Call TranscriptJul 24, 2019€3.54 (+1.72%)Earnings
- Q1 2019 AXT Inc Earnings Call TranscriptApr 24, 2019€4.14 (+2.73%)Earnings
- Q4 2018 AXT Inc Earnings Call TranscriptFeb 20, 2019€3.74 (-0.27%)Earnings
Q4 2019 AXT Inc Earnings Call Transcript
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shift that occurred in Q1 of 2019.
In the fourth quarter of 2019, revenue from North America was 10%; Asia Pacific, 68%; and Europe 22%. In the fourth quarter, 2 customers reached 10% of revenue, and the top 5 customers generated approximately 42% of revenue.
Gross margin in the fourth quarter was 21%, down from 29% in the prior quarter. Approximately 4% of this decline or half the decline was due to lower manufacturing efficiencies and yields, primarily related to the ramp of 2 new products, 6-inch indium phosphide substrates and a new 6-inch germanium product configuration for a large customer. Both products address new market opportunities for AXT that we believe will contribute positively to our business later this year and for years to come.
Further, we view this decline in efficiency as temporary. Larger diameter substrates are inherently more challenging. We were already taking steps to refine the processes and expect to show improvement in the coming quarters.
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