AXT, Inc. Schedules Fourth Quarter and Fiscal Year 2022 Earnings Release for February 16, 2023

FREMONT, Calif., Jan. 25, 2023 (GLOBE NEWSWIRE) -- AXT, Inc.(NasdaqGS:AXTI), a leading manufacturer of compound semiconductor substrates, will announce its financial results for the fourth quarter 2022 and fiscal year 2022 in a press release immediately following the close of market onFebruary 16, 2023.

The company will also host a conference call to discuss these results onFebruary 16, 2023at1:30 p.m. PT. The conference call can be accessed at (888) 300-4150 (passcode 7175811). The call will also be simulcast atwww.axt.com. Replays will be available at (800) 770-2030 (passcode 7175811) untilMarch 2, 2023. Additional investor information can be accessed athttp://www.axt.comor by calling the companys Investor Relations Department at (510) 438-4700.

About AXT, Inc.

AXT is a material science company that develops and manufactures high-performance compound and single element semiconductor substrate wafers comprising indium phosphide (InP), gallium arsenide (GaAs) and germanium (Ge). The companys substrate wafers are used when a typical silicon substrate wafer cannot meet the performance requirements of a semiconductor or optoelectronic device. End markets include 5G infrastructure, data center connectivity (silicon photonics), passive optical networks, LED lighting, lasers, sensors, power amplifiers for wireless devices and satellite solar cells. AXTs worldwide headquarters are inFremont, Californiaand includes sales, administration and customer service functions. AXT has itsAsiaheadquarters inBeijing, Chinaand manufacturing facilities inthree separate locations inChina. In addition, as part of its supply chain strategy, the Company has partial ownership in ten companies inChinaproducing raw materials for its manufacturing process. For more information, see AXTs website athttp://www.axt.com.