Morris Young

“This is a pivotal and exciting period for AXE. As Gary noted, our business has reached an inflection point driven by exceptional strong customer demand for our ing-mean phosphide material, which seems to increase with every review cycle.”

“This is an incredibly exciting time for AXE. As Gary mentioned, we have reached an inflection point in our business where the customer demand is extremely strong for our immune phosphide material.”

“This is an incredibly exciting time for AXT. As many of you are aware, last week we completed a capital raise for $632.5 million in support of Tomei's Indian Phosphite capacity expansion, as well as R&D investment in new products like 6-inch Indian Phosphite and other working capital needs.”

“We were disappointed that we didn't receive as many export permits in Q4 as we had hoped. based on the average processing time we had seen up to that point in October.”

“This has been a very eventful quarter for AXE, as we are seeing a strong uptick in the phosphide demand from data center applications globally. And as our industry and our customers adapt a new normal, rapidly changing environment, In Q3, our revenue grew 56% sequentially and 18% year-over-year.”