AXT (NASDAQ:AXTI) reported quarterly losses of $(0.03) per share which beat the analyst consensus estimate of $(0.07) by 57.14 percent. This is a 85 percent increase over losses of $(0.20) per share from the same period last year. The company reported quarterly sales of $26.924 million which beat the analyst consensus estimate of $26.220 million by 2.69 percent. This is a 39.10 percent increase over sales of $19.356 million the same period last year.