Axt Inc

We remain highly focused on our efforts to drive gross margin recovery and expansion, operating expense discipline, and inventory reduction.

SEC original ↗Axt Inc — Earnings release (8-K exhibit)EX-99Oct 30, 2025

In addition, as part of its supply chain strategy, the company has partial ownership in more than ten companies in China producing raw materials and consumables for its manufacturing process.

SEC original ↗Axt Inc — Earnings release (8-K exhibit)EX-99Oct 30, 2025

In addition, management uses non-GAAP financial measures to compare the company s performance relative to forecasts and strategic plans and to benchmark its performance externally against peer companies.

SEC original ↗Axt Inc — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Additional examples of forward-looking statements include statements regarding the market demand for our products, our product mix, our growth prospects and opportunities for continued business expansion, including trends, new applications and the ramping of Tier-1 customers, our market opportunity, our ability to lead our industry, our expectations with respect to our business prospects and financial results, including our gross margin performance, and our development of larger diameter substrates that we believe will enable the next generation of technology innovation across a number of end-markets.

SEC original ↗Axt Inc — Earnings release (8-K exhibit)EX-99Oct 30, 2025

These forward-looking statements are based upon assumptions that are subject to uncertainties and factors relating to the company s operations and business environment, which could cause actual results to differ materially from those expressed or implied in the forward-looking statements contained in the foregoing discussion.

SEC original ↗Axt Inc — Earnings release (8-K exhibit)EX-99Oct 30, 2025

These uncertainties and factors include but are not limited to: the requests for redemptions by private equity funds in China of investments in Tongmei, the administrative challenges in satisfying the requirements of various government agencies in China in connection with the listing of shares of Tongmei on the STAR Market, continued open access to companies to list shares on the STAR Market, investor enthusiasm for new listings of shares on the STAR Market and geopolitical tensions between China and the United States.

SEC original ↗Axt Inc — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Revenue — prior quarter passage and this quarter's passage are both cited.

SEC original ↗Axt Inc — Earnings release (8-K exhibit)EX-99Oct 30, 2025