Quarterly Financial Data

12 Months Ended

Mar. 31, 2013

18. Quarterly Financial Data (Unaudited)


(In thousands, except per share amount)		For the year ended March 31, 2013:
Three Months Ended		June 30,		September 30,		December 31,		March 31,
		2012		2012		2012		2013
Total revenue	$	28,716	$	20,867	$	17,417	$	20,419
Operating loss		(6,128)		(14,970)		(20,616)		(16,027)
Net loss		(10,275)		(15,949)		(20,135)		(19,772)
Net loss per common share—basic		(0.20)		(0.31)		(0.38)		(0.35)
Net loss per common share—diluted		(0.20)		(0.31)		(0.38)		(0.35)

In the fourth quarter of the year ended March 31, 2012, the Company recorded an expense of $4.9 million of patent costs previously capitalized in prior periods as intangible assets. The Company determined that the change in accounting had an immaterial impact to the year ended March 31, 2012 and has elected to expense these charges as incurred going forward.


(In thousands, except per share amount)		For the year ended March 31, 2012:
Three Months Ended		June 30,		September 30,		December 31,		March 31,
		2011		2011		2011		2012
Total revenue	$	9,058	$	20,800	$	18,058	$	28,627
Operating loss		(38,327)		(51,125)		(26,569)		(20,418)
Net loss		(37,679)		(51,709)		(26,271)		(21,168)
Net loss per common share—basic		(0.74)		(1.02)		(0.52)		(0.42)
Net loss per common share—diluted		(0.74)		(1.02)		(0.52)		(0.42)

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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