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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CONSOLIDATED STATEMENTS OF OPERATIONS      
Revenue $ 95,361 $ 83,256 $ 102,397
Cost of revenue 65,086 58,431 65,350
Gross profit 30,275 24,825 37,047
Operating expenses:      
Selling, general and administrative 19,200 19,305 19,003
Research and development 7,135 5,834 5,897
Total operating expenses 26,335 25,139 24,900
Income (loss) from operations 3,940 (314) 12,147
Interest income (expense), net (179) 217 528
Equity in income (loss) of unconsolidated joint ventures 111 (1,876) (1,080)
Other income, net 3,200 947 352
Income (loss) before provision for income taxes 7,072 (1,026) 11,947
Provision for income taxes 2,031 562 938
Net income (loss) 5,041 (1,588) 11,009
Less: Net income attributable to noncontrolling interests (1,803) (1,012) (1,355)
Net income (loss) attributable to AXT, Inc. $ 3,238 $ (2,600) $ 9,654
Net income (loss) attributable to AXT, Inc. per common share:      
Basic $ 0.08 $ (0.07) $ 0.24
Diluted $ 0.07 $ (0.07) $ 0.24
Weighted-average number of common shares outstanding:      
Basic 40,152 39,487 39,049
Diluted 41,025 39,487 40,265