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Quarterly Information (unaudited) (Tables)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Unaudited Quarterly Financial Information

The following unaudited quarterly financial information includes, in management’s opinion, all the normal and recurring adjustments necessary to fairly state the results of operations and related information for the periods presented (in thousands):

 

 

 

For the three months ended

 

 

 

March 31,

2016

 

 

June 30,

2016

 

 

September 30,

2016

 

 

December 31,

2016

 

Product revenues

 

$

1,333

 

 

$

1,126

 

 

$

731

 

 

$

1,466

 

Gross profit

 

 

766

 

 

 

541

 

 

 

113

 

 

 

521

 

Development revenues

 

 

1,585

 

 

 

1,699

 

 

 

1,879

 

 

 

1,561

 

Operating expenses

 

 

(7,448

)

 

 

(8,464

)

 

 

(6,789

)

 

 

(5,670

)

Other expense, net

 

 

(242

)

 

 

(181

)

 

 

(587

)

 

 

(1,330

)

Net income (loss)

 

$

(5,339

)

 

$

(6,405

)

 

$

(5,384

)

 

$

(4,918

)

Beneficial conversion feature for convertible preferred stock

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) allocable to common stock holders

 

 

(5,339

)

 

 

(6,405

)

 

 

(5,384

)

 

 

(4,918

)

Basic and diluted net loss per share

 

$

(0.41

)

 

$

(0.43

)

 

$

(0.26

)

 

$

(0.24

)

 

 

 

For the three months ended

 

 

 

March 31,

2015

 

 

June 30,

2015

 

 

September 30,

2015

 

 

December 31,

2015

 

Product revenues

 

$

902

 

 

$

1,614

 

 

$

766

 

 

$

1,556

 

Gross profit

 

 

305

 

 

 

318

 

 

 

264

 

 

 

765

 

Development revenues

 

 

1,444

 

 

 

1,847

 

 

 

1,710

 

 

 

1,820

 

Operating expenses

 

 

(22,745

)

 

 

3,626

 

 

 

16

 

 

 

(4,656

)

Other expense, net

 

 

(961

)

 

 

(1,342

)

 

 

(470

)

 

 

(685

)

Net income (loss)

 

$

(21,957

)

 

$

4,449

 

 

$

1,520

 

 

$

(2,756

)

Beneficial conversion feature for convertible preferred stock

 

 

(661

)

 

 

 

 

 

 

 

 

 

Net income (loss) allocable to common stock holders

 

 

(22,618

)

 

 

4,449

 

 

 

1,520

 

 

 

(2,756

)

Basic and diluted net loss per share

 

$

(3.19

)

 

$

0.45

 

 

$

0.15

 

 

$

(0.25

)