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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS    
Revenue $ 39,653 $ 31,350
Cost of revenue 26,345 19,814
Gross profit 13,308 11,536
Operating expenses:    
Selling, general and administrative 6,450 5,570
Research and development 3,159 2,405
Total operating expenses 9,609 7,975
Income from operations 3,699 3,561
Interest expense, net (183) (50)
Equity in income of unconsolidated joint ventures 1,125 1,111
Other expense, net (9) (111)
Income before provision for income taxes 4,632 4,511
Provision for income taxes 660 746
Net income 3,972 3,765
Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interests (807) (340)
Net income attributable to AXT, Inc. $ 3,165 $ 3,425
Net income attributable to AXT,Inc. per common share:    
Basic $ 0.07 $ 0.08
Diluted $ 0.07 $ 0.08
Weighted-average number of common shares outstanding:    
Basic 41,871 41,004
Diluted 42,662 42,726