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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues        
Total revenue $ 20,641 $ 4,366 $ 32,851 $ 9,220
Operating expenses        
General and administrative 3,210 2,861 9,389 8,683
Research and development 1,843 1,908 7,044 5,945
Sales and marketing 141 0 141 0
Royalty expense 4,851 537 6,099 537
License fees 0 0 0 5,625
Total operating expenses 10,045 5,306 22,673 20,790
Income (loss) from operations 10,596 (940) 10,178 (11,570)
Other income (expense)        
Interest income 112 20 356 31
Loss on settlement of liability 0 0 0 (50)
Gain (loss) on foreign exchange (24) 2 (65) (36)
Total other income (expense) 88 22 291 (55)
Income (loss) before income taxes 10,684 (918) 10,469 (11,625)
Income tax (expense) benefit 0 0 57 (33)
Net income (loss) $ 10,684 $ (918) $ 10,526 $ (11,658)
Net income (loss) per share of common stock:        
Basic (in dollars per share) $ 2.64 $ (0.32) $ 2.64 $ (4.32)
Diluted (in dollars per share) $ 1.97 $ (0.32) $ 1.98 $ (4.32)
Weighted average shares outstanding used to compute net income (loss) per share:        
Basic (in shares) 4,048,635 2,871,042 3,985,112 2,698,532
Diluted (in shares) 5,422,345 2,871,042 5,310,157 2,698,532
Royalty and licensing revenue        
Revenues        
Total revenue $ 20,494 $ 4,185 $ 30,369 $ 8,887
Treatment investment revenue        
Revenues        
Total revenue 0 63 644 170
Grant and contract revenue        
Revenues        
Total revenue $ 147 $ 118 $ 1,838 $ 163