Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Data (Unaudited)

v3.19.3.a.u2
Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)

11. QUARTERLY FINANCIAL DATA (UNAUDITED)

The following table sets forth certain unaudited quarterly financial data for the eight quarters ended December 31, 2019. The unaudited information set forth below has been prepared on the same basis as the audited information contained herein and includes all adjustments necessary to present fairly the information set forth. The operating results for any quarter are not indicative of results for any future period. All data is in thousands except per share data.

 

 

 

2019

 

 

2018

 

 

 

Q1

 

 

Q2

 

 

Q3

 

 

Q4

 

 

Q1

 

 

Q2

 

 

Q3

 

 

Q4

 

Revenue

 

$

157

 

 

$

408

 

 

$

2,967

 

 

$

3,764

 

 

$

11

 

 

$

196

 

 

$

27

 

 

$

2

 

Cost of goods sold

 

$

(34

)

 

$

(303

)

 

$

(3,528

)

 

$

(5,415

)

 

$

 

 

$

 

 

$

 

 

$

 

Gross margin

 

$

123

 

 

$

105

 

 

$

(561

)

 

$

(1,651

)

 

$

11

 

 

$

196

 

 

$

27

 

 

$

2

 

Operating expenses

 

$

(7,646

)

 

$

(9,597

)

 

$

(10,132

)

 

$

(10,314

)

 

$

(4,307

)

 

$

(7,688

)

 

$

(7,726

)

 

$

(8,630

)

Net loss

 

$

(7,375

)

 

$

(9,403

)

 

$

(10,669

)

 

$

(12,165

)

 

$

(4,370

)

 

$

(7,576

)

 

$

(7,483

)

 

$

(8,468

)

Net loss per share

 

$

(0.23

)

 

$

(0.29

)

 

$

(0.32

)

 

$

(0.37

)

 

$

(0.16

)

 

$

(0.25

)

 

$

(0.23

)

 

$

(0.27

)