Net Loss Per Share (Tables)

3 Months Ended

Mar. 31, 2024

Net Loss Per Share

Reconciliation of numerators and denominators of basic and diluted net income per share

A reconciliation of the numerators and denominators of the basic and diluted net income loss per share calculations is as follows (in thousands, except per share data):

	Three Months Ended
	March 31,
	2024		2023
Numerator:
Net loss attributable to AXT, Inc.	$	(2,083)	$	(3,348)
Less: Preferred stock dividends		(44)		(44)
Net loss available to common stockholders	$	(2,127)	$	(3,392)
Denominator:
Denominator for basic net income (loss) per share - weighted-average common shares		42,987		42,498
Effect of dilutive securities:
Common stock options		—		—
Restricted stock awards		—		—
Denominator for dilutive net income (loss) per common shares		42,987		42,498
Net income (loss) attributable to AXT, Inc. per common share:
Basic	$	(0.05)	$	(0.08)
Diluted	$	(0.05)	$	(0.08)
Options excluded from diluted net income (loss) per share as the impact is anti-dilutive		1,189		1,203
Restricted stock excluded from diluted net income (loss) per share as the impact is anti-dilutive		1,401		1,081