Axt, inc. reports earnings results for the third quarter ended september 30, 2019

Axt, inc. announced earnings results for the third quarter ended september 30, 2019. for the third quarter, the company announced sales was usd 19.841 million compared to usd 28.626 million a year ago. operating loss was usd 478,000 compared to operating income of usd 4.331 million a year ago. net loss was usd 898,000 compared to net income of usd 3.939 million a year ago. basic loss per share was usd 0.02 compared to basic earnings per share of usd 0.1 a year ago. for the nine months, sales was usd 64.846 million compared to usd 80.165 million a year ago. operating income was usd 2.486 million compared to usd 12.785 million a year ago. net loss was usd 551,000 compared to net income of usd 10.715 million a year ago. basic loss per share was usd 0.02 compared to basic earnings per share of usd 0.27 a year ago. diluted loss per share was usd 0.02 compared to diluted earnings per share of usd 0.26 a year ago.
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