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Quarterly Financial Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Unaudited Financial Data

The following tables summarize the Company’s quarterly financial information for the years ended December 31, 2016 and 2015 (in thousands except per share amounts):

 

 

 

Three Months Ended

 

 

 

March 31,

2016

 

 

June 30,

2016

 

 

September 30,

2016

 

 

December 31,

2016

 

Product revenue

 

$

7,632

 

 

$

9,251

 

 

$

10,175

 

 

$

10,125

 

Gross profit on product revenue

 

 

3,369

 

 

 

4,275

 

 

 

4,724

 

 

 

4,520

 

Government contracts revenue

 

 

 

 

 

 

 

 

261

 

 

 

1,831

 

Net loss

 

 

(16,863

)

 

 

(18,166

)

 

 

(14,376

)

 

 

(13,501

)

Net loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

(0.17

)

 

 

(0.18

)

 

 

(0.14

)

 

 

(0.13

)

Diluted

 

 

(0.17

)

 

 

(0.18

)

 

 

(0.14

)

 

 

(0.13

)

 

 

 

Three Months Ended

 

 

 

March 31,

2015

 

 

June 30,

2015

 

 

September 30,

2015

 

 

December 31,

2015

 

Product revenue

 

$

7,692

 

 

$

8,830

 

 

$

8,045

 

 

$

9,656

 

Gross profit on product revenue

 

 

2,978

 

 

 

1,802

 

 

 

2,485

 

 

 

3,494

 

Government contracts revenue

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

 

(9,460

)

 

 

(15,972

)

 

 

(15,680

)

 

 

(14,756

)

Net loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

(0.10

)

 

 

(0.17

)

 

 

(0.16

)

 

 

(0.15

)

Diluted

 

 

(0.17

)

 

 

(0.17

)

 

 

(0.17

)

 

 

(0.15

)