AXT (Nasdaq: AXTI) filed its 10-K on March 15. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), AXT met expectations on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue contracted significantly and GAAP earnings per share dropped significantly.

Margins dropped across the board.

Revenue details
AXT logged revenue of $21.2 million. The six analysts polled by S&P Capital IQ expected a top line of $21.3 million on the same basis. GAAP reported sales were 21% lower than the prior-year quarter's $26.9 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.08. The five earnings estimates compiled by S&P Capital IQ averaged $0.09 per share. GAAP EPS of $0.08 for Q4 were 47% lower than the prior-year quarter's $0.15 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 37.0%, 280 basis points worse than the prior-year quarter. Operating margin was 15.7%, 520 basis points worse than the prior-year quarter. Net margin was 12.1%, 610 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $22.7 million. On the bottom line, the average EPS estimate is $0.09.

Next year's average estimate for revenue is $105.2 million. The average EPS estimate is $0.46.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 370 members out of 386 rating the stock outperform, and 16 members rating it underperform. Among 75 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 70 give AXT a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on AXT is buy, with an average price target of $7.33.

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