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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS    
Revenue $ 20,208 $ 24,419
Cost of revenue 13,513 14,846
Gross profit 6,695 9,573
Operating expenses:    
Selling, general and administrative 4,723 4,222
Research and development 1,346 1,420
Total operating expenses 6,069 5,642
Income from operations 626 3,931
Interest income, net 95 142
Equity in loss of unconsolidated joint ventures (1,454) (334)
Other expense, net (134) (215)
Income (loss) before provision for income taxes (867) 3,524
Provision for income taxes 156 334
Net income (loss) (1,023) 3,190
Less: Net income attributable to noncontrolling interests (81) (315)
Net income (loss) attributable to AXT, Inc. $ (1,104) $ 2,875
Net income (loss) attributable to AXT, Inc. per common share:    
Basic (in dollars per share) $ (0.03) $ 0.07
Diluted (in dollars per share) $ (0.03) $ 0.07
Weighted-average number of common shares outstanding:    
Basic (in shares) 39,352 38,941
Diluted (in shares) 39,352 40,364