| 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:
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For the Quarter Ending |
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March 31 |
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June 30 |
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September 30 |
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December 31 |
2014: |
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Net sales |
$ |
627 |
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$ |
1,046 |
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$ |
1,101 |
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$ |
1,460 |
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Grant and other revenue |
125 |
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28 |
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1,149 |
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|
738 |
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Gross profit |
559 |
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|
804 |
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1,442 |
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1,884 |
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Operating expenses |
9,138 |
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10,020 |
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6,805 |
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6,360 |
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Operating loss |
(8,579 |
) |
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(9,216 |
) |
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(5,362 |
) |
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(4,476 |
) |
Net loss attributable to common stockholders |
(11,741 |
) |
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(10,222 |
) |
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(6,899 |
) |
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(6,865 |
) |
Basic and diluted net loss per share (1)
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$ |
(0.08 |
) |
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$ |
(0.07 |
) |
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$ |
(0.05 |
) |
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$ |
(0.05 |
) |
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2013: |
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Net sales |
$ |
— |
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$ |
128 |
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$ |
144 |
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$ |
343 |
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Grant and other revenue |
— |
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|
67 |
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|
257 |
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|
192 |
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Gross profit |
— |
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|
90 |
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|
325 |
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|
383 |
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Operating expenses |
7,004 |
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|
8,546 |
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|
10,250 |
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|
13,436 |
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Operating loss |
(7,004 |
) |
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(8,456 |
) |
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(9,925 |
) |
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(13,053 |
) |
Net loss attributable to common stockholders |
(7,341 |
) |
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(10,300 |
) |
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(11,306 |
) |
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(13,752 |
) |
Basic and diluted net loss per share (1)
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$ |
(0.06 |
) |
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$ |
(0.09 |
) |
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$ |
(0.09 |
) |
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$ |
(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.
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