XML 47 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) [Abstract]        
Revenue $ 23,138 $ 20,521 $ 63,932 $ 66,732
Cost of revenue 17,820 18,075 51,736 57,717
Gross profit 5,318 2,446 12,196 9,015
Operating expenses:        
Selling, general and administrative 3,505 4,303 10,629 12,435
Research and development 1,160 766 2,922 2,627
Restructuring charge 0 0 907 0
Total operating expenses 4,665 5,069 14,458 15,062
Income (loss) from operations 653 (2,623) (2,262) (6,047)
Interest income, net 106 55 360 136
Equity in earnings of unconsolidated joint ventures 390 346 1,502 1,099
Other income (expense), net (236) (47) 250 (491)
Income (loss) before provision for income taxes 913 (2,269) (150) (5,303)
Provision for (benefit from) income taxes 43 (204) 254 322
Net income (loss) 870 (2,065) (404) (5,625)
Less: Net income attributable to noncontrolling interest (226) (230) (673) (1,105)
Net income (loss) attributable to AXT, Inc. $ 644 $ (2,295) $ (1,077) $ (6,730)
Net income (loss) attributable to AXT, Inc. per common share:        
Basic (in dollars per share) $ 0.02 $ (0.07) $ (0.04) $ (0.21)
Diluted (in dollars per share) $ 0.02 $ (0.07) $ (0.04) $ (0.21)
Weighted average number of common shares outstanding:        
Basic (in shares) 32,504 32,366 32,416 32,407
Diluted (in shares) 32,738 32,366 32,416 32,407