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Condensed Quarterly Financial Data (unaudited)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Condensed Quarterly Financial Data (unaudited)
Condensed Quarterly Financial Data (unaudited)
The following table contains selected unaudited financial data for each quarter of 2019 and 2018. 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 statement 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)
2019
 
 
 
 
 
 
 
Total revenue
$
27,688

 
$
30,345

 
$
30,604

 
$
36,931

Product and service gross profit
$
12,641

 
$
12,765

 
$
15,424

 
$
18,845

Net income (loss)
$
(21,898
)
 
$
(20,037
)
 
$
(22,748
)
 
$
23,987

Net income (loss) per share – basic
$
(0.69
)
 
$
(0.57
)
 
$
(0.64
)
 
$
0.67

Net income (loss) per share – diluted
$
(0.69
)
 
$
(0.57
)
 
$
(0.64
)
 
$
0.61

2018
 
 
 
 
 
 
 
Total revenue
$
23,085

 
$
24,999

 
$
28,616

 
$
30,032

Product and service gross profit
$
10,350

 
$
11,832

 
$
12,162

 
$
12,848

Net loss
$
(19,202
)
 
$
(20,601
)
 
$
(16,486
)
 
$
(21,111
)
Net loss per share – basic and diluted
$
(0.75
)
 
$
(0.80
)
 
$
(0.56
)
 
$
(0.68
)