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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS        
Revenue $ 25,469 $ 19,841 $ 68,326 $ 64,846
Cost of revenue 16,646 14,082 47,213 43,886
Gross profit 8,823 5,759 21,113 20,960
Operating expenses:        
Selling, general and administrative 4,623 4,755 14,119 14,247
Research and development 2,023 1,482 4,973 4,227
Total operating expenses 6,646 6,237 19,092 18,474
Income (loss) from operations 2,177 (478) 2,021 2,486
Interest income (expense), net (70) 41 (138) 215
Equity in income (loss) of unconsolidated joint ventures 45 (204) (243) (1,650)
Other income (expense), net (34) 169 2,940 (55)
Income (loss) before provision for income taxes 2,118 (472) 4,580 996
Provision for income taxes 637 23 1,923 776
Net (loss) income 1,481 (495) 2,657 220
Less: Net income attributable to noncontrolling interests (490) (403) (1,483) (771)
Net income (loss) attributable to AXT, Inc. $ 991 $ (898) $ 1,174 $ (551)
Net income (loss) attributable to AXT, Inc. per common share:        
Basic $ 0.02 $ (0.02) $ 0.03 $ (0.02)
Diluted $ 0.02 $ (0.02) $ 0.03 $ (0.02)
Weighted-average number of common shares outstanding:        
Basic 40,152 39,466 39,978 39,438
Diluted 40,979 39,466 40,688 39,438