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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CONSOLIDATED STATEMENTS OF OPERATIONS      
Revenue $ 83,256 $ 102,397 $ 98,673
Cost of revenue 58,431 65,350 64,198
Gross profit 24,825 37,047 34,475
Operating expenses:      
Selling, general and administrative 19,305 19,003 17,009
Research and development 5,834 5,897 4,827
Total operating expenses 25,139 24,900 21,836
Income (loss) from operations (314) 12,147 12,639
Interest income, net 217 528 461
Equity in loss of unconsolidated joint ventures (1,876) (1,080) (1,694)
Other income (expense), net 947 352 (553)
Income (loss) before provision for income taxes (1,026) 11,947 10,853
Provision for income taxes 562 938 792
Net income (loss) (1,588) 11,009 10,061
Less: Net (income) loss attributable to noncontrolling interests (1,012) (1,355) 87
Net income (loss) attributable to AXT, Inc. $ (2,600) $ 9,654 $ 10,148
Net income (loss) attributable to AXT, Inc. per common share:      
Basic $ (0.07) $ 0.24 $ 0.27
Diluted $ (0.07) $ 0.24 $ 0.26
Weighted-average number of common shares outstanding:      
Basic 39,487 39,049 37,444
Diluted 39,487 40,265 38,966