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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)        
Revenue $ 21,872,000 $ 18,371,000 $ 61,080,000 $ 59,445,000
Cost of revenue 14,294,000 13,766,000 42,222,000 45,706,000
Gross profit 7,578,000 4,605,000 18,858,000 13,739,000
Operating expenses:        
Selling, general and administrative 3,313,000 3,659,000 10,106,000 12,685,000
Research and development 1,566,000 1,657,000 4,419,000 4,287,000
Restructuring charge 0   226,000  
Total operating expenses 4,879,000 5,316,000 14,751,000 16,972,000
Income (loss) from operations 2,699,000 (711,000) 4,107,000 (3,233,000)
Interest income, net 105,000 102,000 303,000 307,000
Equity in earnings (loss) of unconsolidated joint ventures (581,000) 167,000 (1,437,000) 777,000
Other income, net 164,000 496,000 682,000 1,755,000
Income (loss) before provision for income taxes 2,387,000 54,000 3,655,000 (394,000)
Provision for income taxes 176,000 7,000 713,000 334,000
Net income (loss) 2,211,000 47,000 2,942,000 (728,000)
Less: Net (income) loss attributable to noncontrolling interests 18,000 (5,000) 480,000 (257,000)
Net income (loss) attributable to AXT, Inc. $ 2,229,000 $ 42,000 $ 3,422,000 $ (985,000)
Net income (loss) attributable to AXT, Inc. per common share:        
Basic (in dollars per share) $ 0.07 $ 0.00 $ 0.10 $ (0.03)
Diluted (in dollars per share) $ 0.07 $ 0.00 $ 0.10 $ (0.03)
Weighted average number of common shares outstanding:        
Basic (in shares) 32,110 31,988 32,043 32,262
Diluted (in shares) 33,138 31,988 32,615 32,262