AXT Inc. announced three executive promotions. Raymond A. Low, formerly AXT's vice president, corporate controller and acting chief financial officer, has been appointed vice president and chief financial officer. Davis Zhang, formerly AXT's president of joint venture operations, has been appointed president of AXT China Operations, with responsibility for managing and developing AXT's joint venture operations, as well as assisting chief executive officer, Dr. Morris Young, with the management of AXT's manufacturing facilities in China. Robert G. Ochrym, formerly AXT's vice president of business development, has been appointed vice president of business development, strategic sales and marketing. His responsibilities include sales for the North American East Coast, as well as for Europe, continuing to work closely with John J. Cerilli, vice president of global sales and marketing, to maximize customer support around the world. He will also be responsible for developing sales and marketing strategies, major sale contract negotiations, major market identification and other strategic sales and marketing functions. Davis Zhang co-founded AXT in 1986. He was formerly AXT's president of joint venture operations. From 1999 to 2003, Zhang was president of AXT's substrate division and prior to that, held senior level positions in production. Robert G. Ochrym joined AXT as Vice President, Business Development in June 2005. Prior to AXT from 2003 to May 2005, Ochrym was national sales manager at Aixtron Inc., where he was responsible for North American sales and marketing functions. Raymond A. Low, formerly AXT's acting chief financial officer, joined the company as corporate controller in February 2005 and was promoted to vice president, corporate controller in July 2006. From June 2004 to February 2005, Low was an independent consultant on a Sarbanes Oxley assignment.

AXT Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported revenue of $16,819,000 compared to $17,863,000 for the same period a year ago. Income from operations were $1,855,000 compared to loss from operations of $926,000 for the same period a year ago. Net interest income of $39,000 compared to $68,000 for the same period a year ago. Profit before provision for income taxes were $2,532,000 compared to loss before provision for income taxes of $560,000 for the same period a year ago. Net income attributable to the company was $2,121,000 compared to net loss attributable to the company of $1,014,000 for the same period a year ago. Net income attributable to the company diluted per common share was $0.07 compared to net loss attributable to the company diluted per common share of $0.03 for the same period a year ago. For the nine months, the company reported revenue of $37,528,000 compared to $57,429,000 for the same period a year ago. Loss from operations were $4,680,000 compared to income from operations of $3,338,000 for the same period a year ago. Net interest income of $117,000 compared to $433,000 for the same period a year ago. Loss before provision for income taxes were $4,026,000 compared to profit before provision for income taxes of $4,478,000 for the same period a year ago. Net loss attributable to the company was $4,675,000 compared to net income attributable to the company of $1,682,000 for the same period a year ago. Net loss attributable to the company diluted per common share was $0.16 compared to net income attributable to the company diluted per common share of $0.05 for the same period a year ago. The company provided earnings guidance for the fourth quarter ending December 31, 2009. For the period, the company expects revenue will increase to between $17.0 million and $17.5 million. The company estimates that net income per share will be between $0.03 and $0.05, which takes into account a weighted average share count of approximately 31.7 million shares.

AXT Inc. - Conference Presentation Calls