Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2020

15. Selected Quarterly Financial Data (Unaudited)

The following table sets forth the Company’s quarterly financial data for the two years ended December 31, 2020.

	2020
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
Total revenue	$	157		$	44		$	148		$	370
Total operating expenses		73,743			80,733			92,547			108,131
Loss from operations		(73,586	)		(80,689	)		(92,399	)		(107,761	)
Net loss		(69,731	)		(79,656	)		(92,439	)		(107,039	)
Net loss per common share:
Basic	$	(1.15	)	$	(1.30	)	$	(1.32	)	$	(1.50	)
Diluted	$	(1.15	)	$	(1.30	)	$	(1.32	)	$	(1.50	)
Weighted-average common shares outstanding:
Basic		60,847,683			61,420,746			70,143,481			71,282,096
Diluted		60,847,683			61,420,746			70,143,481			71,282,096

	2019
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
Total revenue	$	328		$	318		$	211,928		$	77,016
Total operating expenses		48,751			55,301			72,765			66,033
Loss from operations		(48,423	)		(54,983	)		139,163			10,983
Net (loss) income		(48,408	)		(53,699	)		138,423			30,542
Net (loss) income per common share:
Basic	$	(0.93	)	$	(1.01	)	$	2.52		$	0.53
Diluted	$	(0.93	)	$	(1.01	)	$	2.40		$	0.51
Weighted-average common shares outstanding:
Basic		52,093,208			53,188,041			54,829,057			57,395,839
Diluted		52,093,208			53,188,041			57,598,901			60,233,927