For fourth-quarter 2021, AXT Inc of Fremont, CA, USA – which makes gallium arsenide (GaAs), indium phosphide (InP) and germanium (Ge) substrates and raw materials – has reported revenue of $37.7m, exceeding both the initial guidance range of $34-36m (provided on 27 October) and the increased guidance range of $36–$37m. Despite usually being a down quarter for AXT, this is up 9% on $34.6m last quarter and up 40% on $27m a year ago, representing an eighth consecutive quarter of growth and a fourth consecutive quarter over $30m...
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