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Unaudited Selected Quarterly Financial Data | 12 Months Ended
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Dec. 31, 2016
Unaudited Selected Quarterly Financial Data [Abstract] |
Unaudited Selected Quarterly Financial Data | ﻿ NOTE 12. UNAUDITED SELECTED QUARTERLY FINANCIAL DATA The following tables summarize the unaudited quarterly financial data for the last two fiscal years: ﻿
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﻿ | Fiscal 2016 Quarter Ended
﻿(in thousands, except per share data) | March 31, |  | June 30, |  | September 30, |  | December 31, |
﻿Total revenue | $ | 19,127 |  | $ | 20,747 |  | $ | 25,118 |  | $ | 25,722 |
﻿Total gross profit |  | 9,504 |  |  | 10,644 |  |  | 12,638 |  |  | 11,374 |
﻿Total operating expenses |  | 28,069 |  |  | 28,714 |  |  | 29,373 |  |  | 29,248 |
﻿Loss from operations |  | (18,565) |  |  | (18,070) |  |  | (16,735) |  |  | (17,874) |
﻿Net loss |  | (19,352) |  |  | (18,499) |  |  | (17,494) |  |  | (19,030) |
﻿Basic and diluted net loss per share | $ | (0.23) |  | $ | (0.21) |  | $ | (0.19) |  | $ | (0.21) |
﻿Weighted average shares used in computing net loss per share (1) |  | 83,604 |  |  | 88,148 |  |  | 92,110 |  |  | 92,660 |
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﻿ | Fiscal 2015 Quarter Ended
﻿ | March 31, |  | June 30, |  | September 30, |  | December 31, |
﻿Total revenue | $ | 17,645 |  | $ | 24,939 | (2) | $ | 13,917 |  | $ | 36,281 | (2)
﻿Total gross profit |  | 5,927 |  |  | 14,506 |  |  | 6,551 |  |  | 26,466 |
﻿Total operating expenses |  | 25,255 |  |  | 25,864 |  |  | 3,937 | (3) |  | 27,528 |
﻿Income (loss) from operations |  | (19,328) |  |  | (11,358) |  |  | 2,614 | (3) |  | (1,062) |
﻿Net income (loss) |  | (20,173) |  |  | (11,935) |  |  | 1,821 | (3) |  | (1,409) |
﻿Net income (loss) per share |  |  |  |  |  |  |  |  |  |  |  |
﻿Basic | $ | (0.27) |  | $ | (0.16) |  | $ | 0.02 | (3) | $ | (0.02) |
﻿Diluted | $ | (0.27) |  | $ | (0.16) |  | $ | 0.02 | (3) | $ | (0.02) |
﻿Weighted average shares used in computing net income (loss) per share (1) |  |  |  |  |  |  |  |  |  |
﻿Basic |  | 74,149 |  |  | 74,733 |  |  | 75,205 |  |  | 78,327 |
﻿Diluted |  | 74,149 |  |  | 74,733 |  |  | 80,479 |  |  | 78,327 |
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| (1) |  | In 2015 and 2016 we established various “at-the-market” offerings pursuant to which we offer ed and s old shares of our common stock. See “Note 9. Stockholders’ Equity” for additional information
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| (2) |  | As provided in the Roche Agreement, w e achieved the second and third (final) development milestones and recognized the related $10.0 million and $20.0 million, respectively, as contractual revenue during the quarters ended June 30, 2015 and December 31, 2015, respecti vely. See “Note 3. Contractual R evenue” for additional information.
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| (3) |  | For the quarter ended September 30, 2015, we recognized a one-time gain on lease amendments of $23.0 million, which was recorded in operating expenses on our statement of operations and comprehensive income (loss) for the period. See “Note 7. Commitments and C ontingencies” for additional information.
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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=68076893&loc=d3e1570-108306 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e765-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e725-108305 + Details
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