AXT Inc. CEO Discusses Massive Gain for the First Quarter of 2008 at Market Headquarters
Dr. Yin explains the increase in growth for the 2008 first quarter compared to that of the first and fourth quarter of 2007: "We saw a strong increase in the revenues especially in strategically important areas...to be specific the first quarter (2008) was $19.6 million in revenues compared to $17.6 million in the fourth quarter (2007) and $12.5 million in the first quarter of 2007. So we had very good growth... ."
His prediction for the second quarter 2008 shows how certain he is about AXT Inc.'s continuous success. He stated, "The second quarter we're projecting a revenue of $19.7-$20 million, with EPS (earnings per share), based on a diluted share basis, between 4 and 6 cents."
His detailed elucidation of the company's infrastructure and projects illustrates the source of these increased revenues.
The audio broadcast with Dr. Yin is available at http://marketheadquarters.net/
About AXT, Inc.:
AXT designs, develops, manufactures and distributes high-performance compound and single element semiconductor substrates comprising gallium arsenide (GaAs), indium phosphide (InP) and germanium (Ge) through its manufacturing facilities in Beijing, China. In addition, AXT maintains its sales, administration and customer service functions at its headquarters in Fremont, California. The company's substrate products are used primarily in lighting display applications, wireless communications, and fiber optic communications. Its vertical gradient freeze (VGF) technique for manufacturing semiconductor substrates provides significant benefits over other methods and enabled AXT to become a leading manufacturer of such substrates, particularly in optoelectronics applications. AXT has manufacturing facilities in China and invests in five joint ventures producing raw materials. For more information, see AXT's website at http://www.axt.com.
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SOURCE: Market Headquarters; AXT Inc.
Market Headquarters Customer Service firstname.lastname@example.org AXT Inc. Phil C.S. Yin, Ph.D., Chairman & CEO 510-438-4700 Fax: 510-353-0668 4281 Technology Drive Fremont, CA 94538