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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS        
Revenue $ 23,645 $ 17,366 $ 74,256 $ 55,366
Cost of revenue 17,963 15,500 54,828 46,675
Gross profit 5,682 1,866 19,428 8,691
Operating expenses:        
Selling, general and administrative 5,650 5,667 17,656 17,439
Research and development 3,438 2,926 10,410 9,261
Total operating expenses 9,088 8,593 28,066 26,700
Loss from operations (3,406) (6,727) (8,638) (18,009)
Interest expense, net (391) (381) (1,022) (1,143)
Equity in income of unconsolidated joint ventures 1,007 369 2,495 2,344
Other income, net 529 223 2,052 1,282
Loss before provision (benefit) for income taxes (2,261) (6,516) (5,113) (15,526)
Provision (benefit) for income taxes 626 (101) 1,021 (92)
Net loss (2,887) (6,415) (6,134) (15,434)
Less: Net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests (50) 592 (402) 1,174
Net loss attributable to AXT, Inc. $ (2,937) $ (5,823) $ (6,536) $ (14,260)
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)
Weighted-average number of common shares outstanding:        
Basic 43,157 42,638 43,079 42,574
Diluted 43,157 42,638 43,079 42,574