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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS        
Revenue $ 27,923 $ 18,595 $ 50,611 $ 38,000
Cost of revenue 20,271 16,880 36,865 31,175
Gross profit 7,652 1,715 13,746 6,825
Operating expenses:        
Selling, general and administrative 5,779 5,820 12,006 11,772
Research and development 3,758 2,740 6,972 6,335
Total operating expenses 9,537 8,560 18,978 18,107
Loss from operations (1,885) (6,845) (5,232) (11,282)
Interest expense, net (282) (365) (631) (762)
Equity in income of unconsolidated joint ventures 598 941 1,488 1,975
Other income, net 491 777 1,523 1,059
Loss before provision (benefit) for income taxes (1,078) (5,492) (2,852) (9,010)
Provision (benefit) for income taxes 121 (139) 395 9
Net loss (1,199) (5,353) (3,247) (9,019)
Less: Net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests (317) 264 (352) 582
Net loss attributable to AXT, Inc. $ (1,516) $ (5,089) $ (3,599) $ (8,437)
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)
Weighted-average number of common shares outstanding:        
Basic 43,092 42,586 43,039 42,542
Diluted 43,092 42,586 43,039 42,542