Substrates was Axt’s largest revenue line in fiscal 2017, bringing in $78.62M of $98.67M (80%).
| Products and Services | FY 2010 | FY 2011 | FY 2014 | FY 2015 | FY 2016 | FY 2017 |
|---|---|---|---|---|---|---|
| Substrates | $60.18M | $58.22M | $65.63M | $78.62M | ||
| Revenue From A Significant Product (Gallium Arsenide Substrates) Manufactured By The Entity. This Is An Identified Product Or Group Of Products For Which Entity Has Reported Significant Revenue | — | — | — | — | ||
| Raw Materials That Are To Be Consumed Directly Or Indirectly In The Production Of Finished Goods & Other Materials Used In The Process Of Production | — | — | — | — | ||
| Raw Materials & Others | $23.32M | $19.28M | $15.72M | $20.05M | ||
| Raw Materials That Are To Be Consumed Directly Or Indirectly In The Production Of Finished Goods | — | — | — | — | ||
| Revenue From A Significant Product (Germanium Substrates) Manufactured By The Entity. This Is An Identified Product Or Group Of Products For Which Entity Has Reported Significant Revenue | — | — | — | — | ||
| Revenue From A Significant Product (Indium Phosphide Substrates) Manufactured By The Entity. This Is An Identified Product Or Group Of Products For Which Entity Has Reported Significant Revenue | — | — | — | — | ||
| Other Materials Used In The Process Of Production | — | — | — | — | ||
| Total | $83.50M | $77.50M | $81.35M | $98.67M |
Axt brought in $98.67M from its two revenue lines in fiscal 2017, the year ended December 31, 2017. That was up 21.3% from $81.35M in fiscal 2016. Substrates was the largest at $78.62M (79.7%), ahead of Raw Materials & Others at $20.05M (20.3%).
Compared with fiscal 2016, Raw Materials & Others grew 27.6% to $20.05M and Substrates grew 19.8% to $78.62M. From fiscal 2014 to 2017, combined revenue from these revenue lines grew from $83.50M to $98.67M, a compound annual growth rate of 5.7%. Substrates' share of the total rose from 72.1% to 79.7%.
China was Axt’s largest region in fiscal 2017, bringing in $24.96M of $98.67M (25%).
| Geography | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 |
|---|---|---|---|---|---|---|---|---|
| China | $17.45M | $13.73M | $17.45M | $24.96M | ||||
| Europe (Primarily Germany) | — | $19.52M | $18.64M | $23.96M | ||||
| Europe | $21.54M | — | — | — | ||||
| Asia Pacific (Excluding China, Taiwan, & Japan) | $11.21M | $11.48M | $10.80M | $9.87M | ||||
| Asia Pacific (Excluding Japan & Taiwan) | — | — | — | — | ||||
| Revenue From A Geographical Location From Which Entity Has Reported Significant Revenue During The Period | — | — | — | — | ||||
| Taiwan | $11.46M | $13.80M | $15.37M | $18.28M | ||||
| North America | $10.29M | $9.84M | $8.08M | $8.35M | ||||
| Japan | $11.55M | $9.14M | $11.02M | $13.26M | ||||
| Total | $83.50M | $77.50M | $81.35M | $98.67M |
Axt brought in $98.67M from its six regions in fiscal 2017, the year ended December 31, 2017. That was up 21.3% from $81.35M in fiscal 2016. China was the largest at $24.96M (25.3%), ahead of Europe (Primarily Germany) at $23.96M (24.3%) and Taiwan at $18.28M (18.5%). The other three regions brought in $31.48M combined.
Compared with fiscal 2016, China grew fastest, up 43.1% to $24.96M, while Asia Pacific (Excluding China, Taiwan, & Japan) fell the most, down 8.6% to $9.87M.
Axt began breaking out Europe (Primarily Germany) in fiscal 2015, when it brought in $19.52M. Axt stopped reporting Europe as a separate region after fiscal 2014, when it brought in $21.54M.
Axt (AXTI) reports its revenue by products and services and by geography. In fiscal 2017, Substrates was its largest revenue line, bringing in $78.62M (79.7% of the total), followed by Raw Materials & Others at $20.05M (20.3%).
Substrates was Axt's largest revenue line in fiscal 2017, bringing in $78.62M, or 79.7% of the $98.67M total across its two revenue lines.
China was Axt's largest region in fiscal 2017, bringing in $24.96M, or 25.3% of the $98.67M total across its six regions.
Raw Materials & Others grew faster than Substrates in fiscal 2017, up 27.6% from $15.72M to $20.05M. Substrates grew 19.8% to $78.62M.
Every figure comes from Axt's annual financial filings, as reported. Each line keeps the name Axt gives it, and years follow its fiscal calendar.
Axt's revenue by products and services goes back to fiscal 2010, with figures through fiscal 2017. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.