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

(14) Quarterly Results (Unaudited)

 

 

 

 

 

Three Month Ended

 

 

 

March 31, 2016

 

 

June 30, 2016

 

 

September 30, 2016

 

 

December 31, 2016

 

 

 

(in thousands, expect per share data)

 

 

 

(unaudited)

 

Collaboration and licensing revenue

 

$

1,203

 

 

$

193

 

 

$

992

 

 

$

127

 

Operating expenses

 

 

8,435

 

 

 

7,335

 

 

 

6,585

 

 

 

9,553

 

Loss from operations

 

 

(7,232

)

 

 

(7,142

)

 

 

(5,593

)

 

 

(9,426

)

Change in fair value warranty liability

 

 

 

 

 

(996

)

 

 

1,178

 

 

 

4,569

 

Other expense, net

 

 

(378

)

 

 

(468

)

 

 

(551

)

 

 

(748

)

Net loss

 

$

(7,710

)

 

$

(8,606

)

 

$

(4,966

)

 

$

(5,605

)

Net loss per share

 

$

(0.13

)

 

$

(0.13

)

 

$

(0.07

)

 

$

(0.07

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Month Ended

 

 

 

March 31, 2015

 

 

June 30, 2015

 

 

September 30, 2015

 

 

December 31, 2015

 

 

 

(in thousands, expect per share data)

 

 

 

(unaudited)

 

Collaboration and licensing revenue

 

$

134

 

 

$

134

 

 

$

15,158

 

 

$

3,598

 

Restructuring and lease exit

 

 

4,333

 

 

 

25

 

 

 

 

 

 

 

Operating expenses

 

 

5,950

 

 

 

4,730

 

 

 

6,691

 

 

 

9,721

 

(Loss) income from operations

 

 

(10,149

)

 

 

(4,621

)

 

 

8,467

 

 

 

(6,123

)

Other expense, net

 

 

(725

)

 

 

(835

)

 

 

(553

)

 

 

(462

)

Net (loss) income

 

$

(10,874

)

 

$

(5,456

)

 

$

7,914

 

 

$

(6,585

)

Net (loss) income per share

 

$

(0.21

)

 

$

(0.10

)

 

$

0.14

 

 

$

(0.11

)