Net Loss Per Share (Tables)

6 Months Ended

Jun. 30, 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 loss per share calculations is as follows (in thousands, except per share data):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2024		2023		2024		2023
Numerator:
Net loss attributable to AXT, Inc.	$	(1,516)	$	(5,089)	$	(3,599)	$	(8,437)
Less: Preferred stock dividends		(44)		(44)		(88)		(88)
Net loss available to common stockholders	$	(1,560)	$	(5,133)	$	(3,687)	$	(8,525)
Denominator:
Denominator for basic net loss per share - weighted-average common shares		43,092		42,586		43,039		42,542
Effect of dilutive securities:
Common stock options		—		—		—		—
Restricted stock awards		—		—		—		—
Denominator for dilutive net loss per common shares		43,092		42,586		43,039		42,542
Net loss attributable to AXT, Inc. per common share:
Basic	$	(0.04)	$	(0.12)	$	(0.09)	$	(0.20)
Diluted	$	(0.04)	$	(0.12)	$	(0.09)	$	(0.20)
Options excluded from diluted net loss per share as the impact is anti-dilutive		1,187		1,200		1,187		1,200
Restricted stock excluded from diluted net loss per share as the impact is anti-dilutive		1,325		1,019		1,325		1,019