Condensed Quarterly Financial Data (unaudited)

12 Months Ended

Dec. 31, 2017

Condensed Quarterly Financial Data (unaudited)

Condensed Quarterly Financial Data (unaudited)

10. Condensed Quarterly Financial Data (unaudited)

The following table contains selected unaudited financial data for each quarter of 2017 and 2016. The unaudited information should be read in conjunction with the Company’s financial statements and related notes included elsewhere in this report. The Company believes that the following information reflects all normal recurring adjustments necessary for a fair presentation of the information for the periods presented. The operating results for any quarter are not necessarily indicative of results for any future period.

Quarterly Financial Data (in thousands, except per share data):


	2017 Quarter Ended
	March 31,		June 30,		September 30,		December 31,
Total revenue	$	4,340	$	13,340	$	7,090	$	10,941
Loss from operations		(15,519)		(7,670)		(16,490)		(13,882)
Net loss		(14,635)		(6,885)		(15,562)		(11,843)
Basic net loss per common share		(0.31)		(0.15)		(0.33)		(0.25)
Diluted net loss per common share	$	(0.31)	$	(0.15)	$	(0.33)	$	(0.25)


	2016 Quarter Ended
	March 31,		June 30,		September 30,		December 31,
Total revenue	$	7,252	$	66,007	$	7,821	$	6,440
Income (loss) from operations		(6,733)		48,556		(9,255)		(10,028)
Net income (loss)		(6,398)		47,156		(8,077)		(9,065)
Basic net income (loss) per common share		(0.16)		1.16		(0.20)		(0.21)
Diluted net income (loss) per common share	$	(0.16)	$	1.13	$	(0.20)	$	(0.21)