Quarter

First

Second

Third

Fourth

(in thousands, except per share data)

2023:

Revenue

$

19,405

$

18,595

$

17,366

$

20,429

Gross profit

5,110

1,715

1,866

4,627

Net income attributable to AXT, Inc.

(3,348)

(5,089)

(5,823)

(3,621)

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

$

(0.08)

$

(0.12)

$

(0.14)

$

(0.09)

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

$

(0.08)

$

(0.12)

$

(0.14)

$

(0.09)

2022:

Revenue

$

39,653

$

39,487

$

35,183

$

26,795

Gross profit

13,308

15,435

14,782

8,596

Net income (loss) attributable to AXT, Inc.

3,165

5,546

5,759

1,341

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

$

0.07

$

0.13

$

0.14

$

0.03

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

$

0.07

$

0.13

$

0.13

$

0.03