Net Loss Per Share (Tables)

9 Months Ended

Sep. 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				Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Numerator:
Net loss attributable to AXT, Inc.	$	(2,937)	$	(5,823)	$	(6,536)	$	(14,260)
Less: Preferred stock dividends		(44)		(44)		(132)		(132)
Net loss available to common stockholders	$	(2,981)	$	(5,867)	$	(6,668)	$	(14,392)
Denominator:
Denominator for basic net loss per share - weighted-average common shares		43,157		42,638		43,079		42,574
Effect of dilutive securities:
Common stock options		—		—		—		—
Restricted stock awards		—		—		—		—
Denominator for dilutive net loss per common shares		43,157		42,638		43,079		42,574
Net loss attributable to AXT, Inc. per common share:
Basic	$	(0.07)	$	(0.14)	$	(0.15)	$	(0.34)
Diluted	$	(0.07)	$	(0.14)	$	(0.15)	$	(0.34)
Options excluded from diluted net loss per share as the impact is anti-dilutive		1,186		1,200		1,186		1,200
Restricted stock excluded from diluted net loss per share as the impact is anti-dilutive		1,518		1,006		1,518		1,006