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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015
REVENUES | $ 19,242 | $ 9,199 | $ 4,364
COST OF REVENUES | (15,231) | (8,398) | (730)
GROSS PROFIT | 4,011 | 801 | 3,634
RESEARCH AND DEVELOPMENT EXPENSES | (32,170) | (30,412) | (24,889)
Less - grants | 3,336 | 5,804 | 4,864
RESEARCH AND DEVELOPMENT EXPENSES, NET | (28,834) | (24,608) | (20,025)
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | (11,530) | (9,356) | (7,279)
OPERATING LOSS | (36,353) | (33,163) | (23,670)
FINANCIAL EXPENSES | (9,725) | (4,192) | (3,735)
FINANCIAL INCOME | 188 | 589 | 123
LOSS FROM CHANGE IN FAIR VALUE OF CONVERTIBLE NOTES EMBEDDED DERIVATIVE | (38,061) | (6,473) |
(LOSS) GAIN ON EXTINGUISHMENT OF CONVERTIBLE NOTES | (1,325) | 14,063 |
FINANCIAL (EXPENSES) INCOME - NET | (48,923) | 3,987 | (3,612)
LOSS FROM CONTINUING OPERATIONS | (85,276) | (29,176) | (27,282)
(LOSS) INCOME FROM DISCONTINUED OPERATIONS |  | (189) | 85,319
NET (LOSS) INCOME FOR THE YEAR | $ (85,276) | $ (29,365) | $ 58,037
NET (LOSS) INCOME PER SHARE OF COMMON STOCK - BASIC AND DILUTED |  |  |
Loss from continuing operations | $ (0.65) | $ (0.29) | $ (0.29)
Income from discontinued operations |  | (0.00) | 0.9
Net (loss) income per share of common stock | $ (0.65) | $ (0.29) | $ 0.61
WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK USED IN COMPUTING LOSS PER SHARE OF COMMON STOCK, BASIC AND DILUTED | 131,085,958 | 101,387,704 | 94,922,390

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