BWS Financial Inc

BWS provides independent stock specific research focused on companies with distinct value that are going through a special situation where there is a tangible catalyst not priced in. The catalyst can be anything from new product, restructuring, M&A, management change, change in business strategy, etc. BWS’s focus is to understand the change and evaluate the potential return for investors.

BWS utilizes a self formed proprietary approach in discovering stocks by putting great emphasis on deep research. BWS does generate short recommendations following a similar criteria.

Independent Stock Specific Research

Founder, BWS Financial Inc

Hamed Khorsand

Founder

Equity Bottom-Up

• AXT Inc. (AXTI) secured a new tier-one customer qualification for the second straight quarter creating a demand line up for the second half of the year that could help further grow revenue. AXTI reported second quarter results that were ahead of estimates and guidance, but it was the second customer win that is likely to gain most of the attention as the Company begins to enter production phase.• The broader customer base has reduced AXTI’s dependence on specific customers. The expanded use cases for gallium arsenide (GaAs) and indium phosphide (InP) should provide AXTI with greater longevity to growing revenue. • AXTI reported second quarter revenue of $33.7 million which was $2.2 million higher than the top end of the guidance range AXTI had provided. • AXTI is now on pace to earn approximately $0.38 per share in 2021 compared to our original estimate of $0.29 per share. The increase in revenue over the course of the year should leverage the fixed cost nature of AXTI’s business. We believe the broader foundation of tier-one customers could provide sustainable revenue base to maintain revenue at or above $30 million per quarter.

• AXT Inc. (AXTI) secured a new tier-one customer qualification for the second straight quarter creating a demand line up for the second half of the year that could help further grow revenue. AXTI reported second quarter results that were ahead of estimates and guidance, but it was the second customer win that is likely to gain most of the attention as the Company begins to enter production phase.• The broader customer base has reduced AXTI’s dependence on specific customers. The expanded use cases for gallium arsenide (GaAs) and indium phosphide (InP) should provide AXTI with greater longevity to growing revenue. • AXTI reported second quarter revenue of $33.7 million which was $2.2 million higher than the top end of the guidance range AXTI had provided. • AXTI is now on pace to earn approximately $0.38 per share in 2021 compared to our original estimate of $0.29 per share. The increase in revenue over the course of the year should leverage the fixed cost nature of AXTI’s business. We believe the broader foundation of tier-one customers could provide sustainable revenue base to maintain revenue at or above $30 million per quarter. 

AXT Inc

AXTI: More Customer Wins