Annual report pursuant to Section 13 and 15(d)

Selected Quarterly Financial Data (Unaudited)

v2.4.0.6
Selected Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data (Unaudited)
Selected Quarterly Financial Data (Unaudited)
The following table provides the selected quarterly financial data for 2012 and 2011 (in thousands):
Condensed Consolidated Statements of Operations
(In Thousands, Except Per Share Amounts)
 
 
Quarter Ended
 
December 31,
2012
 
September 30,
2012
 
June 30,
2012
 
March 31,
2012
 
December 31,
2011
 
September 30,
2011
 
June 30,
2011
 
March 31,
2011
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Product
$
6,834

 
$
7,140

 
$
6,783

 
$
15,167

 
$
15,493

 
$
12,199

 
$
8,397

 
$
12,932

Collaborative R&D
1,078

 
18,569

 
15,868

 
14,612

 
17,296

 
19,201

 
17,385

 
17,486

Government awards

 
632

 
258

 
1,357

 
705

 
1,882

 
273

 
616

Total revenues
7,912

 
26,341

 
22,909

 
31,136

 
33,494

 
33,282

 
26,055

 
31,034

Costs and operating expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of product revenues
5,779

 
6,397

 
5,829

 
12,642

 
13,067

 
9,958

 
7,106

 
11,650

Research and development
10,594

 
14,191

 
15,650

 
16,349

 
15,548

 
16,786

 
14,965

 
13,750

Selling, general and administrative
7,286

 
7,909

 
6,789

 
9,395

 
9,782

 
8,871

 
9,276

 
9,013

Total costs and operating expenses
23,659

 
28,497

 
28,268

 
38,386

 
38,397

 
35,615

 
31,347

 
34,413

Loss before provision (benefit) for income taxes
(15,712
)
 
(2,140
)
 
(5,442
)
 
(7,293
)
 
(5,123
)
 
(2,668
)
 
(5,205
)
 
(3,313
)
Net loss
$
(15,539
)
 
$
(2,309
)
 
$
(5,519
)
 
$
(7,490
)
 
$
(5,297
)
 
$
(2,742
)
 
$
(5,040
)
 
$
(3,471
)
Net loss per share of common stock, basic and diluted
$
(0.41
)
 
$
(0.06
)
 
$
(0.15
)
 
$
(0.21
)
 
$
(0.15
)
 
$
(0.08
)
 
$
(0.14
)
 
$
(0.10
)
Weighted average common shares used in computing net loss per share of common stock, basic and diluted (1)
37,581

 
37,118

 
36,296

 
36,057

 
35,965

 
35,919

 
35,685

 
35,116

(1)
The full year net loss per share of common stock, basic and diluted, may not equal the sum of the quarters due to weighting of outstanding shares.