And Gary. afternoon, good you, Thank everybody.
We execute to solidly continue in QX.
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quarters. to material And increased this that for of our modestly be of seven relative As stable. expected QX revenue a quarters raw finally, us to continued breakeven to business the suffers was industry [ph] companies equity the the is our prices with upside bit we in partially come. us The providing allow positive strong QX relatively in opportunities health raw coming using in down off its Overall area the satellite expected continue with strength raw method. account holding with
our would our is ventures It of three Additional somewhat subsidy business note QX. raw on important are cost advantage competitiveness. that and the sold. in to material on in contribute to our for materials and provided critical to managing unique side But consolidate our manufacturing prices dynamics of profitability cost these tremendous benefit our certain vertical by the joint value offers the integration is of aid the to that rising offset that our market volume that cost balance in for higher would
are success a Now And our two and the in The team. and year relocation gallium lines critical and a and of of call from our guidance. construction date opportunities firm shape that arsenide turn execution is taking the forward still Morris. to talent will to This work to Gary numerous for optimism in underway, facilities back closing, we of ourselves front and our of demonstrates comments. while of I XXXX positioning Gary us. are the concludes AXT. measured the now benefit though AXT driving prepared look profitability quarters Thank our has we the belief to new my production you, our Gary? undertaking the the dedication Fischer been in growth germanium coming for that in for business,
of forward to $XX.X margin expect million remain to in QX between We confident see around going a gross of We million. revenue in $XX.X XX.X%.
inventory as that we a QX from end consolidate, three However lower some well in material we result this as drag as raw will the than adjustments. believe be we a that of year companies
on we believe $X.XX in range $X.XX will result, of based shares QX profit diluted outstanding. per million XX.XXX the share common to As our in a be
be and your operator. I answer Loren, will now. the concludes glad to our This prepared questions Morris Okay. comments.
