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Selected Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2013
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 2013 and 2012 (in thousands):
Condensed Consolidated Statements of Operations
(In Thousands, Except Per Share Amounts)
 
 
Quarter Ended
 
December 31,
2013
 
September 30,
2013
 
June 30,
2013
 
March 31,
2013
 
December 31,
2012
 
September 30,
2012
 
June 30,
2012
 
March 31,
2012
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Product
$
5,263

 
$
1,076

 
$
4,948

 
$
9,136

 
$
6,834

 
$
7,140

 
$
6,783

 
$
15,167

Collaborative research and development
1,931

 
2,028

 
1,609

 
1,300

 
1,078

 
18,569

 
15,868

 
14,362

Revenue sharing arrangement
2,331

 
839

 
417

 
1,044

 

 

 

 
250

Government awards

 

 

 

 

 
632

 
258

 
1,357

Total revenues
9,525

 
3,943

 
6,974

 
11,480

 
7,912

 
26,341

 
22,909

 
31,136

Costs and operating expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of product revenues
4,764

 
494

 
3,631

 
5,665

 
5,779

 
6,397

 
5,829

 
12,642

Research and development
8,829

 
6,831

 
8,624

 
7,322

 
10,594

 
14,191

 
15,650

 
16,349

Selling, general and administrative
5,783

 
5,832

 
7,169

 
8,124

 
7,286

 
7,909

 
6,789

 
9,395

Total costs and operating expenses
19,376

 
13,157

 
19,424

 
21,111

 
23,659

 
28,497

 
28,268

 
38,386

Loss before income taxes
(9,858
)
 
(9,227
)
 
(12,617
)
 
(9,688
)
 
(15,711
)
 
(2,140
)
 
(5,442
)
 
(7,293
)
Net loss
$
(9,813
)
 
$
(9,262
)
 
$
(12,605
)
 
$
(9,623
)
 
$
(15,538
)
 
$
(2,309
)
 
$
(5,519
)
 
$
(7,490
)
Net loss per share, basic and diluted
$
(0.26
)
 
$
(0.24
)
 
$
(0.33
)
 
$
(0.25
)
 
$
(0.41
)
 
$
(0.06
)
 
$
(0.15
)
 
$
(0.21
)
Weighted average common shares used in computing net loss per share, basic and diluted (1)
38,329

 
38,102

 
38,060

 
37,842

 
37,581

 
37,118

 
36,296

 
36,057

(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.