| ACM RESEARCH, INC. | |||||||
| Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) | |||||||
| Three Months Ended March 31, | |||||||
| 2023 | 2022 | ||||||
| (Unaudited) | |||||||
| ( In thousands, except share and per share data) | |||||||
| Revenue | $ | 74,256 | $ | 42,186 | |||
| Cost of revenue | 34,270 | 22,500 | |||||
| Gross profit | 39,986 | 19,686 | |||||
| Operating expenses: | |||||||
| Sales and marketing | 9,337 | 6,697 | |||||
| Research and development | 14,029 | 17,346 | |||||
| General and administrative | 7,758 | 4,949 | |||||
| Total operating expenses | 31,124 | 28,992 | |||||
| Income from (loss) operations | 8,862 | (9,306 | ) | ||||
| Interest income | 1,785 | 1,805 | |||||
| Interest expense | (695 | ) | (261 | ) | |||
| Realized gain from sale of trading securities | 3,994 | - | |||||
| Unrealized loss on trading securities | (654 | ) | (3,858 | ) | |||
| Other income (expense), net | (1,418 | ) | 237 | ||||
| Equity loss in net loss of affiliates | (32 | ) | (71 | ) | |||
| Income (loss) before income taxes | 11,842 | (11,454 | ) | ||||
| Income tax benefit (expense) | (2,879 | ) | 4,011 | ||||
| Net income (loss) | 8,963 | (7,443 | ) | ||||
| Less: Net income (loss) attributable to non-controlling interests | 1,818 | (1,657 | ) | ||||
| Net income (loss) attributable to ACM Research, Inc. | $ | 7,145 | $ | (5,786 | ) | ||
| Comprehensive income (loss): | |||||||
| Net income (loss) | 8,963 | (7,443 | ) | ||||
| Foreign currency translation adjustment | 9,423 | 2,454 | |||||
| Comprehensive Income (loss) | 18,386 | (4,989 | ) | ||||
| Less: Comprehensive income (loss) attributable to non-controlling interests and redeemable non-controlling interests | 3,462 | (1,073 | ) | ||||
| Comprehensive income (loss) attributable to ACM Research, Inc. | $ | 14,924 | $ | (3,916 | ) | ||
| Net income (loss) attributable to ACM Research, Inc. per share of common stock: | |||||||
| Basic | $ | 0.12 | $ | (0.10 | ) | ||
| Diluted | $ | 0.11 | $ | (0.10 | ) | ||
| Weighted average shares of common stock outstanding used in computing per share amounts: | |||||||
| Basic | 59,736,764 | 58,827,390 | |||||
| Diluted | 65,058,777 | 58,827,390 | |||||
