CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Revenue	$ 19,841	$ 28,626	$ 64,846	$ 80,165
Cost of revenue	14,082	18,012	43,886	48,968
Gross profit	5,759	10,614	20,960	31,197
Operating expenses:
Selling, general and administrative	4,755	4,615	14,247	13,824
Research and development	1,482	1,668	4,227	4,588
Total operating expenses	6,237	6,283	18,474	18,412
Income (loss) from operations	(478)	4,331	2,486	12,785
Interest income, net	41	133	215	414
Equity in earnings (loss) of unconsolidated joint ventures	(204)	6	(1,650)	(21)
Other income (expense), net	169	87	(55)	(179)
Income (loss) before provision for income taxes	(472)	4,557	996	12,999
Provision for income taxes	23	410	776	1,111
Net income (loss)	(495)	4,147	220	11,888
Less: Net income attributable to noncontrolling interests	(403)	(208)	(771)	(1,173)
Net income (loss) attributable to AXT, Inc.	$ (898)	$ 3,939	$ (551)	$ 10,715
Net income (loss) attributable to AXT, Inc. per common share:
Basic	$ (0.02)	$ 0.10	$ (0.02)	$ 0.27
Diluted	$ (0.02)	$ 0.10	$ (0.02)	$ 0.26
Weighted-average number of common shares outstanding:
Basic	39,466	39,008	39,438	39,000
Diluted	39,466	40,331	39,438	40,320