AXTI - AXT Inc. (AXTI) Q1 2024 Earnings Call Transcript
2024-05-04 10:12:10 ET
AXT, Inc. (AXTI)
Q1 2024 Earnings Conference Call
May 4, 2024 4:30 PM ET
Company Participants
Leslie Green - Head, Investor Relations
Gary Fischer - Vice President and Chief Financial Officer
Morris Young - Chief Executive Officer
Conference Call Participants
Charles Shi - Needham
Richard Shannon - Craig-Hallum
Tim Savageaux - Northland Securities
Danny Cheng - B. Riley Securities
Matt Bryson - Wedbush Securities
Presentation
Operator
Good afternoon, everyone, and welcome to AXT's First Quarter 2024 Earnings Call. Leading the call today is Dr. Morris Young, Chief Executive Officer; and Gary Fischer, Chief Financial Officer. My name is John, and I will be your coordinator for today. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. [Operator Instructions]
I would now like to turn the call over to Leslie Green, Head of Investor Relations for AXT.
Leslie Green
Thank you, John, and good afternoon, everyone.
Before we begin, I would like to remind you that during the course of this conference call, including comments made in response to your questions, we will provide projections or make other forward-looking statements regarding, among other things, the future financial performance of the company; market conditions and trends, including expected growth in the markets we serve; emerging applications using chips or devices fabricated on our substrates; our product mix; our ability to increase quarter -- orders in succeeding quarters to control costs and expenses, to improve manufacturing yields and efficiencies, to utilize our manufacturing capacity; the growing environmental, health and safety and chemical industry regulations in China as well as global economic and political conditions, including trade tariffs and restrictions.
We wish to caution you that such statements deal with future events are based on management's current expectations and are subject to risks and uncertainties that could cause actual results or events to differ materially. These uncertainties and risks include, but are not limited to, overall conditions in the markets in which the company competes, global financial conditions and uncertainties, and COVID-19 and other outbreaks of contagious disease, potential tariffs and trade restrictions, increased environmental regulations in China, the financial performance of our partially owned supply chain companies and the impact of delays by our customers on the timing of sales and their products.
In addition to these factors that may be discussed on this call, we refer you to the company's periodic reports filed with the Securities and Exchange Commission. These are available online by link from our website and contain additional information on risk factors that could cause actual results to differ materially from our current expectations. This conference call will be available on our website at axt.com through May 2, 2025.
Also before we begin, I want to note that shortly following the close of market today, we issued a press release reporting financial results for the first quarter of 2024. This information is available on the Investor Relations portion of our website at axt.com....
AXT, Inc. (AXTI) Q1 2024 Earnings Call Transcript