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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS    
Revenue $ 22,688 $ 19,405
Cost of revenue 16,594 14,295
Gross profit 6,094 5,110
Operating expenses:    
Selling, general and administrative 6,227 5,952
Research and development 3,214 3,595
Total operating expenses 9,441 9,547
Loss from operations (3,347) (4,437)
Interest expense, net (349) (397)
Equity in income of unconsolidated joint ventures 890 1,034
Other income, net 1,032 282
Loss before provision for income taxes (1,774) (3,518)
Provision for income taxes 274 148
Net loss (2,048) (3,666)
Less: Net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests (35) 318
Net loss attributable to AXT, Inc. $ (2,083) $ (3,348)
Net loss attributable to AXT, Inc. per common share:    
Basic $ (0.05) $ (0.08)
Diluted $ (0.05) $ (0.08)
Weighted-average number of common shares outstanding:    
Basic 42,987 42,498
Diluted 42,987 42,498