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

14.

Selected Quarterly Financial Data (Unaudited)

The following table contains quarterly financial information for fiscal years 2016 and 2015. The Company believes that the following information reflects all normal recurring adjustments necessary for a fair statement of the information for the periods presented.

 

 

 

First

Quarter

 

 

Second

Quarter

 

 

Third

Quarter

 

 

Fourth

Quarter

 

2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

30,378

 

 

$

28,237

 

 

$

29,426

 

 

$

28,824

 

Costs and expenses

 

$

47,863

 

 

$

57,439

 

 

$

60,850

 

 

$

64,529

 

Net loss

 

$

(17,307

)

 

$

(28,994

)

 

$

(31,282

)

 

$

(35,609

)

Basic and diluted net loss per share

 

$

(0.50

)

 

$

(0.84

)

 

$

(0.90

)

 

$

(1.02

)

2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

19,295

 

 

$

22,458

 

 

$

25,399

 

 

$

26,051

 

Costs and expenses

 

$

36,267

 

 

$

55,517

 

 

$

46,010

 

 

$

45,164

 

Net loss

 

$

(16,965

)

 

$

(33,050

)

 

$

(20,596

)

 

$

(19,020

)

Basic and diluted net loss per share

 

$

(0.59

)

 

$

(0.98

)

 

$

(0.60

)

 

$

(0.55

)