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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS    
Revenue $ 24,419 $ 20,616
Cost of revenue 14,846 14,328
Gross profit 9,573 6,288
Operating expenses:    
Selling, general and administrative 4,222 3,793
Research and development 1,420 1,124
Total operating expenses 5,642 4,917
Income from operations 3,931 1,371
Interest income, net 142 98
Equity in loss of unconsolidated joint ventures (334) (933)
Other (expense) income, net (215) 48
Income before provision for income taxes 3,524 584
Provision for income taxes 334 159
Net income 3,190 425
Less: Net (income) loss attributable to noncontrolling interests (315) 240
Net income attributable to AXT, Inc. $ 2,875 $ 665
Net income attributable to AXT, Inc. per common share:    
Basic (in dollars per share) $ 0.07 $ 0.02
Diluted (in dollars per share) $ 0.07 $ 0.02
Weighted-average number of common shares outstanding:    
Basic (in shares) 38,941 34,210
Diluted (in shares) 40,364 35,624