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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS        
Revenue $ 22,134 $ 24,797 $ 42,857 $ 45,005
Cost of revenue 15,366 16,291 30,567 29,804
Gross profit 6,768 8,506 12,290 15,201
Operating expenses:        
Selling, general and administrative 4,747 4,769 9,496 9,492
Research and development 1,543 1,399 2,950 2,745
Total operating expenses 6,290 6,168 12,446 12,237
Income (loss) from operations 478 2,338 (156) 2,964
Interest income (expense), net (39) 79 (68) 174
Equity in income (loss) of unconsolidated joint ventures (168) 8 (288) (1,446)
Other income (expense), net 1,608 (90) 2,974 (224)
Income before provision for income taxes 1,879 2,335 2,462 1,468
Provision for income taxes 920 597 1,286 753
Net income 959 1,738 1,176 715
Less: Net income attributable to noncontrolling interests (598) (287) (993) (368)
Net income attributable to AXT, Inc. $ 361 $ 1,451 $ 183 $ 347
Net loss attributable to AXT, Inc. per common share:        
Basic $ 0.01 $ 0.04 $ 0.00 $ 0.01
Diluted $ 0.01 $ 0.04 $ 0.00 $ 0.01
Weighted-average number of common shares outstanding:        
Basic 39,973 39,447 39,891 39,399
Diluted 40,750 40,123 40,543 40,045