Condensed Quarterly Financial Data

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

18. Condensed Quarterly Financial Data (unaudited)

The following table contains selected unaudited financial data for each quarter of 2014 and 2013. The unaudited information should be read in conjunction with the Company’s financial statements and related notes included elsewhere in this report. The Company believes that the following unaudited information reflects all normal recurring adjustments necessary for a fair presentation of the information for the periods presented. The operating results for any quarter are not necessarily indicative of results for any future period.


	Three months ended
	March 31,			June 30,			September 30,			December 31,
	(in thousands, except per share data)
2014
Total revenue	$	8,751		$	10,881		$	12,343		$	15,618
Net loss attributable to common stockholders	$	(11,422	)	$	(14,088	)	$	(12,148	)	$	(12,380	)
Net loss per share – basic and diluted	$	(0.68	)	$	(0.78	)	$	(0.67	)	$	(0.68	)
2013
Total revenue	$	5,676		$	7,218		$	8,389		$	10,120
Net loss attributable to common stockholders	$	(9,601	)	$	(7,806	)	$	(7,700	)	$	(8,827	)
Net loss per share – basic and diluted	$	(17.88	)	$	(13.69	)	$	(0.53	)	$	(0.60	)

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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