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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014
REVENUES | $ 9,199 | $ 4,364 | $ 3,523
COST OF REVENUES | (8,398) | (730) | (630)
GROSS PROFIT | 801 | 3,634 | 2,893
RESEARCH AND DEVELOPMENT EXPENSES | (30,412) | (24,889) | (27,352)
Less - grants | 5,804 | 4,864 | 5,128
RESEARCH AND DEVELOPMENT EXPENSES, NET | (24,608) | (20,025) | (22,224)
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | (9,356) | (7,279) | (9,228)
OPERATING LOSS | (33,163) | (23,670) | (28,559)
FINANCIAL EXPENSES | (10,665) | (3,735) | (4,935)
FINANCIAL INCOME | 589 | 123 | 196
GAIN ON EXTINGUISHMENT OF CONVERTIBLE NOTES | 14,063 |  |
FINANCIAL INCOME (EXPENSES) - NET | 3,987 | (3,612) | (4,739)
LOSS FROM CONTINUING OPERATIONS | (29,176) | (27,282) | (33,298)
(LOSS) INCOME FROM DISCONTINUED OPERATIONS | (189) | 85,319 | 3,355
NET INCOME (LOSS) FOR THE YEAR | $ (29,365) | $ 58,037 | $ (29,943)
Net Income (loss) per share of common stock - basic and diluted |  |  |
Loss from continuing operations (in dollars per share) | $ (0.29) | $ (0.29) | $ (0.36)
Income from discontinued operations (in dollars per share) | (0.00) | 0.90 | 0.04
Net (loss) income per share of common stock (in dollars per share) | $ (0.29) | $ 0.61 | $ (0.32)
Weighted average number of shares of common stock used in computing loss per share of common stock, basic and diluted | 101,387,704 | 94,922,390 | 92,891,846

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