Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Data

v3.20.1
Quarterly Financial Data
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data

 

12.

Quarterly Financial Data (unaudited)

The following tables summarize the unaudited quarterly financial data for the last two fiscal years (in thousands, except per share data):

 

 

 

2019

 

 

 

First

Quarter

 

 

Second

Quarter

 

 

Third

Quarter

 

 

Fourth

Quarter

 

Total revenues

 

$

7,024

 

 

$

10,791

 

 

$

3,376

 

 

$

526

 

Total operating expenses

 

 

11,974

 

 

 

11,619

 

 

 

6,759

 

 

 

3,371

 

Total other income

 

 

203

 

 

 

172

 

 

 

130

 

 

 

116

 

Net loss

 

 

(4,747

)

 

 

(656

)

 

 

(3,253

)

 

 

(2,729

)

Net loss per share, basic and diluted (1)

 

 

(0.14

)

 

 

(0.02

)

 

 

(0.10

)

 

 

(0.08

)

 

 

 

2018

 

 

 

First

Quarter

 

 

Second

Quarter

 

 

Third

Quarter

 

 

Fourth

Quarter

 

Total revenues

 

$

9,737

 

 

$

8,774

 

 

$

7,666

 

 

$

7,409

 

Total operating expenses

 

 

14,794

 

 

 

13,331

 

 

 

12,324

 

 

 

11,414

 

Total other income

 

 

39

 

 

 

60

 

 

 

69

 

 

 

99

 

Net loss

 

 

(5,018

)

 

 

(4,497

)

 

 

(4,589

)

 

 

(3,906

)

Net loss per share, basic and diluted (1)

 

 

(0.17

)

 

 

(0.15

)

 

 

(0.15

)

 

 

(0.13

)

 

(1)

Net loss per share is computed independently for each quarter and the full year based upon respective shares outstanding; therefore, the sum of the quarterly net loss per share amounts may not equal the annual amounts reported.