Annual report pursuant to Section 13 and 15(d)

Selected Quarterly Financial Data

v2.4.1.9
Selected Quarterly Financial Data
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data (Unaudited)
Selected Quarterly Financial Data (Unaudited)

Quarterly financial information for fiscal 2014 and 2013 are presented in the following table, in thousands, except per share data:
 
For the Quarter Ending
 
March 31
 
June 30
 
September 30
 
December 31
2014:
 
 
 
 
 
 
 
Net sales
$
627

 
$
1,046

 
$
1,101

 
$
1,460

Grant and other revenue
125

 
28

 
1,149

 
738

Gross profit
559

 
804

 
1,442

 
1,884

Operating expenses
9,138

 
10,020

 
6,805

 
6,360

Operating loss
(8,579
)
 
(9,216
)
 
(5,362
)
 
(4,476
)
Net loss attributable to common stockholders
(11,741
)
 
(10,222
)
 
(6,899
)
 
(6,865
)
Basic and diluted net loss per share (1)
$
(0.08
)
 
$
(0.07
)
 
$
(0.05
)
 
$
(0.05
)
 
 
 
 
 
 
 
 
2013:
 
 
 
 
 
 
 
Net sales
$

 
$
128

 
$
144

 
$
343

Grant and other revenue

 
67

 
257

 
192

Gross profit

 
90

 
325

 
383

Operating expenses
7,004

 
8,546

 
10,250

 
13,436

Operating loss
(7,004
)
 
(8,456
)
 
(9,925
)
 
(13,053
)
Net loss attributable to common stockholders
(7,341
)
 
(10,300
)
 
(11,306
)
 
(13,752
)
Basic and diluted net loss per share (1)
$
(0.06
)
 
$
(0.09
)
 
$
(0.09
)
 
$
(0.10
)

(1) Net loss per share is computed independently for each of the quarters presented. Therefore the sum of the quarterly per-share calculations will not necessarily equal the annual per share calculation.