Annual report pursuant to Section 13 and 15(d)

Selected Quarterly Financial Data (Unaudited)

v3.10.0.1
Selected Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data (Unaudited)

12. Selected Quarterly Financial Data (Unaudited)

The following tables present selected quarterly financial data for the years ended December 31, 2018 and 2017 (in thousands, except per share data). This information has been prepared on the same basis as the audited consolidated financial statements and includes all adjustments (consisting only of normal recurring adjustments) necessary to present fairly the unaudited quarterly results of operations set forth herein:

 

 

Quarter Ended

 

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Collaboration revenue

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Total operating expenses

 

 

12,850

 

 

 

17,971

 

 

 

21,129

 

 

 

20,555

 

Net loss

 

 

(17,005

)

 

 

(17,531

)

 

 

(18,563

)

 

 

(19,449

)

Basic net loss per common share

 

 

(0.32

)

 

 

(0.30

)

 

 

(0.31

)

 

 

(0.32

)

Diluted net loss per common share

 

$

(0.32

)

 

$

(0.30

)

 

$

(0.34

)

 

$

(0.32

)

 

 

 

 

Quarter Ended

 

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Collaboration revenue

 

$

4,793

 

 

$

-

 

 

$

-

 

 

$

5,207

 

Total operating expenses

 

 

7,742

 

 

 

7,626

 

 

 

6,394

 

 

 

9,563

 

Net loss

 

 

(5,351

)

 

 

(8,929

)

 

 

(8,234

)

 

 

(5,043

)

Basic net loss per common share

 

 

(0.20

)

 

 

(0.31

)

 

 

(0.21

)

 

 

(0.11

)

Diluted net loss per common share

 

$

(0.20

)

 

$

(0.31

)

 

$

(0.21

)

 

$

(0.11

)