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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS        
Revenue $ 17,366 $ 35,183 $ 55,366 $ 114,323
Cost of revenue 15,500 20,401 46,675 70,798
Gross profit 1,866 14,782 8,691 43,525
Operating expenses:        
Selling, general and administrative 5,667 6,576 17,439 19,719
Research and development 2,926 3,639 9,261 10,251
Total operating expenses 8,593 10,215 26,700 29,970
Income (loss) from operations (6,727) 4,567 (18,009) 13,555
Interest expense, net (381) (299) (1,143) (670)
Equity in income of unconsolidated joint ventures 369 2,006 2,344 5,308
Other income, net 223 957 1,282 1,242
Income (loss) before provision (benefit) for income taxes (6,516) 7,231 (15,526) 19,435
Provision (benefit) for income taxes (101) 501 (92) 2,188
Net income (loss) (6,415) 6,730 (15,434) 17,247
Less: Net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests 592 (971) 1,174 (2,777)
Net income (loss) attributable to AXT, Inc. $ (5,823) $ 5,759 $ (14,260) $ 14,470
Net income (loss) attributable to AXT, Inc. per common share:        
Basic $ (0.14) $ 0.14 $ (0.34) $ 0.34
Diluted $ (0.14) $ 0.13 $ (0.34) $ 0.34
Weighted-average number of common shares outstanding:        
Basic 42,638 42,163 42,574 42,011
Diluted 42,638 42,982 42,574 42,718