AXT, Inc.NASDAQ:AXTI) Third Quarter 2024 Earnings Call Transcript, October 31, 2024, 4:30 p.m. ET

Participating company

Leslie Green – Investor Relations, Green Communications Consulting, LLC
Morris Young – Chairman and CEO
Gary Fischer – Chief Financial Officer
Tim Bettles – Vice President of Business Development

Conference call participants

Richard Shannon – Craig Hallum

Operator

Hello everyone. And welcome to AXT’s Third Quarter 2024 Financial Conference Call. Today, from China, the call is led by Dr. Morris Young, Executive Director; and Gary Fischer, chief financial officer. Additionally, Tim Bettles, AXT Vice President of Business Development will participate in the Q&A portion of the call. My name is Christina and I will be your conference coordinator today. (Operator Instructions)

And now I would like to now turn the call over to Leslie Green, Investor Relations for AXT.

Leslie Green

Thank you, Christina, and good afternoon everyone. Before we begin, I would like to remind you that during 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, emerging applications using chips or devices manufactured on our substrates, our product portfolio, global economic and political conditions, including trade tariffs and import restrictions and export, our ability to increase orders in subsequent quarters to control costs and expenses. , to improve manufacturing yields and efficiencies or utilize our manufacturing capacity. We caution you that these statements address future events, are based on management’s current expectations and are subject to risks and uncertainties that could cause actual events or results to differ materially.

In addition to the matters just listed, these uncertainties and risks include, but are not limited to, the financial performance of our