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Net Loss Per Share (Tables) | 3 Months Ended
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Mar. 31, 2025
Net Income (Loss) per Share |
Reconciliation of numerators and denominators of basic and diluted net income per share | A reconciliation of the numerators and denominators of the basic and diluted net loss per share calculations is as follows (in thousands, except per share data):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​
​ | ​ | March 31, | ​
​ |  | 2025 |  | 2024 |
Numerator: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net loss attributable to AXT, Inc. | ​ | $ | (8,798) | ​ | $ | (2,083) | ​
Less: Preferred stock dividends | ​ |  | (44) | ​ |  | (44) | ​
Net loss available to common stockholders | ​ | $ | (8,842) | ​ | $ | (2,127) | ​
Denominator: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Denominator for basic net loss per share - weighted-average common shares | ​ |  | 43,554 | ​ |  | 42,987 | ​
Effect of dilutive securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Common stock options | ​ |  | — | ​ |  | — | ​
Restricted stock awards | ​ |  | — | ​ |  | — | ​
Denominator for dilutive net loss per common shares | ​ |  | 43,554 | ​ |  | 42,987 | ​
Net loss attributable to AXT, Inc. per common share: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic | ​ | $ | (0.20) | ​ | $ | (0.05) | ​
Diluted | ​ | $ | (0.20) | ​ | $ | (0.05) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Options excluded from diluted net loss per share as the impact is anti-dilutive | ​ |  | 1,175 | ​ |  | 1,189 | ​
Restricted stock excluded from diluted net loss per share as the impact is anti-dilutive | ​ |  | 2,006 | ​ |  | 1,401 | ​

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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