Quarter

First

Second

Third

Fourth

(in thousands, except per share data)

2021:

Revenue

$

31,350

$

33,735

$

34,576

$

37,732

Gross profit

11,536

12,238

11,501

12,139

Net income attributable to AXT, Inc.

3,425

4,385

3,800

2,965

Net income attributable to AXT, Inc. per share, basic

$

0.08

$

0.11

$

0.09

$

0.07

Net income attributable to AXT, Inc. per share, diluted

$

0.08

$

0.10

$

0.09

$

0.07

2020:

Revenue

$

20,723

$

22,134

$

25,469

$

27,035

Gross profit

5,522

6,768

8,823

9,162

Net income (loss) attributable to AXT, Inc.

(178)

361

991

2,064

Net income (loss) attributable to AXT, Inc. per share, basic

$

(0.01)

$

0.01

$

0.02

$

0.05

Net income (loss) attributable to AXT, Inc. per share, diluted

$

(0.01)

$

0.01

$

0.02

$

0.05