AXT, Inc. (Fremont, CA, USA) reported financial results for the quarter and fiscal year ended Dec. 31, 2001. Revenue for the fourth quarter of 2001 was $15.4m, compared with $22.8m in the third quarter of 2001, and with $38.2m in the fourth quarter of 2000. Revenue from the substrate division, which represents 75% of total revenue for the fourth quarter of 2001, was $11.5m, compared with $20.5m in the third quarter of 2001 and with $36.3m in thefourth quarter of 2000.
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