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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CONSOLIDATED STATEMENTS OF OPERATIONS    
Revenue $ 31,350 $ 20,723
Cost of revenue 19,814 15,201
Gross profit 11,536 5,522
Operating expenses:    
Selling, general and administrative 5,570 4,749
Research and development 2,405 1,407
Total operating expenses 7,975 6,156
Income (loss) from operations 3,561 (634)
Interest expense, net (50) (29)
Equity in income (loss) of unconsolidated joint ventures 1,111 (120)
Other income (expense), net (111) 1,366
Income before provision for income taxes 4,511 583
Provision for income taxes 746 366
Net income 3,765 217
Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interests (340) (395)
Net income (loss) attributable to AXT, Inc. $ 3,425 $ (178)
Net income (loss) attributable to AXT, Inc. per common share:    
Basic $ 0.08 $ (0.01)
Diluted $ 0.08 $ (0.01)
Weighted-average number of common shares outstanding:    
Basic 41,004 39,812
Diluted 42,726 39,812