Breakout Q4 earnings cup high volum buy "Axt Inc" about 16$

Q4 Earnings " Axt Inc"
Fourth Quarter 2020 Results

Revenue for the fourth quarter of 2020 was $27.0 million, compared with $25.5 million in the third quarter of 2020 and $18.4 million for the fourth quarter of 2019.


Gross margin was 34 percent of revenue for the fourth quarter of 2020, compared with 35 percent of revenue in the third quarter of 2020 and 21 percent for the fourth quarter of 2019.


Operating expenses were $7.2 million in the fourth quarter of 2020, primarily due to substantial investment in R&D and year-end employee bonuses. This compares with $6.6 million in the third quarter of 2020 and $6.7 million for the fourth quarter of 2019.

"Axt Inc" has broken above a previous resistance area with a strong price gain supported by greater than normal volume . Be careful as it could pull back. Perhaps look for a buy price if it reaches 16$ to confirm direction"

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