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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS    
Revenue $ 20,723 $ 20,208
Cost of revenue 15,201 13,513
Gross profit 5,522 6,695
Operating expenses:    
Selling, general and administrative 4,749 4,723
Research and development 1,407 1,346
Total operating expenses 6,156 6,069
Income (loss) from operations (634) 626
Interest income (expense), net (29) 95
Equity in loss of unconsolidated joint ventures (120) (1,454)
Other income (expense), net 1,366 (134)
Income (loss) before provision for income taxes 583 (867)
Provision for income taxes 366 156
Net income (loss) 217 (1,023)
Less: Net income attributable to noncontrolling interests (395) (81)
Net loss attributable to AXT, Inc. $ (178) $ (1,104)
Net loss attributable to AXT, Inc. per common share:    
Basic and diluted $ (0.01) $ (0.03)
Weighted-average number of common shares outstanding:    
Basic and diluted 39,812 39,352