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Quarterly Financial Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2019
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, 2019 and 2018 (in thousands except per share amounts):

 

 

 

Three Months Ended

 

 

 

March 31,

2019

 

 

June 30,

2019

 

 

September 30,

2019

 

 

December 31,

2019

 

Product revenue

 

$

17,504

 

 

$

18,209

 

 

$

18,019

 

 

$

20,917

 

Gross profit on product revenue

 

 

9,072

 

 

 

10,098

 

 

 

10,436

 

 

 

11,624

 

Government contract revenue

 

 

4,461

 

 

 

4,266

 

 

 

4,827

 

 

 

5,571

 

Net loss

 

 

(18,792

)

 

 

(17,562

)

 

 

(17,967

)

 

 

(16,923

)

Net loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

(0.14

)

 

 

(0.13

)

 

 

(0.13

)

 

 

(0.12

)

Diluted

 

 

(0.14

)

 

 

(0.13

)

 

 

(0.13

)

 

 

(0.12

)

 

 

 

 

Three Months Ended

 

 

 

March 31,

2018

 

 

June 30,

2018

 

 

September 30,

2018

 

 

December 31,

2018

 

Product revenue

 

$

13,564

 

 

$

15,420

 

 

$

15,399

 

 

$

16,525

 

Gross profit on product revenue

 

 

6,234

 

 

 

7,700

 

 

 

7,257

 

 

 

8,083

 

Government contract revenue

 

 

3,455

 

 

 

4,047

 

 

 

3,928

 

 

 

3,713

 

Net loss

 

 

(13,885

)

 

 

(13,282

)

 

 

(14,192

)

 

 

(16,205

)

Net loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

(0.11

)

 

 

(0.10

)

 

 

(0.11

)

 

 

(0.12

)

Diluted

 

 

(0.11

)

 

 

(0.10

)

 

 

(0.11

)

 

 

(0.12

)