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Quarterly Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2019
Quarterly Data (Unaudited)  
Quarterly Data (Unaudited)

 

(Amounts in thousands, except share and per share data)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2019

    

Q1

    

Q2

    

Q3

    

Q4

    

Total Year

Product revenue

 

$

9,547

 

$

8,776

 

$

10,737

 

$

11,431

 

$

40,491

Service and other revenue

 

 

2,790

 

 

4,760

 

 

4,207

 

 

4,302

 

 

16,059

Collaboration and license revenue

 

 

 —

 

 

 —

 

 

 —

 

 

184

 

 

184

Total revenue

 

 

12,337

 

 

13,536

 

 

14,944

 

 

15,917

 

 

56,734

Costs of goods sold:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of product revenue

 

 

4,248

 

 

4,455

 

 

5,513

 

 

6,684

 

 

20,900

Cost of services and other revenue

 

 

2,082

 

 

2,150

 

 

2,398

 

 

2,368

 

 

8,998

Total costs of goods sold and services

 

 

6,330

 

 

6,605

 

 

7,911

 

 

9,052

 

 

29,898

Gross profit

 

 

6,007

 

 

6,931

 

 

7,033

 

 

6,865

 

 

26,836

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

 

3,852

 

 

4,016

 

 

3,924

 

 

4,398

 

 

16,190

Selling, general and administrative

 

 

11,512

 

 

13,429

 

 

13,352

 

 

13,953

 

 

52,246

Total operating expenses

 

 

15,364

 

 

17,445

 

 

17,276

 

 

18,351

 

 

68,436

Loss from operations

 

 

(9,357)

 

 

(10,514)

 

 

(10,243)

 

 

(11,486)

 

 

(41,600)

Interest income (expense), net

 

 

21

 

 

42

 

 

282

 

 

282

 

 

627

Other income (expense), net

 

 

(47)

 

 

(68)

 

 

(34)

 

 

139

 

 

(10)

Income tax benefit (provision)

 

 

(22)

 

 

(23)

 

 

125

 

 

107

 

 

187

Net loss

 

$

(9,405)

 

$

(10,563)

 

$

(9,870)

 

$

(10,958)

 

$

(40,796)

Net loss per share, basic and diluted

 

$

(0.42)

 

$

(0.46)

 

$

(0.37)

 

$

(0.39)

 

$

(1.63)

Weighted-average common shares outstanding, basic and diluted

 

 

22,422,960

 

 

23,213,653

 

 

26,627,831

 

 

28,021,957

 

 

25,090,708

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2018

    

Q1

    

Q2

    

Q3

    

Q4

    

Total Year

Product revenue

 

$

4,745

 

$

5,200

 

$

5,962

 

$

7,458

 

$

23,365

Service and other revenue

 

 

2,507

 

 

3,174

 

 

3,017

 

 

3,419

 

 

12,117

Collaboration and license revenue

 

 

269

 

 

269

 

 

1,612

 

 

 —

 

 

2,150

Total revenue

 

 

7,521

 

 

8,643

 

 

10,591

 

 

10,877

 

 

37,632

Costs of goods sold:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of product revenue

 

 

2,773

 

 

2,945

 

 

3,277

 

 

3,734

 

 

12,729

Cost of services and other revenue

 

 

1,576

 

 

1,725

 

 

1,719

 

 

1,935

 

 

6,955

Total costs of goods sold and services

 

 

4,349

 

 

4,670

 

 

4,996

 

 

5,669

 

 

19,684

Gross profit

 

 

3,172

 

 

3,973

 

 

5,595

 

 

5,208

 

 

17,948

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

 

3,644

 

 

3,705

 

 

4,411

 

 

4,045

 

 

15,805

Selling, general and administrative

 

 

6,691

 

 

7,579

 

 

8,846

 

 

10,577

 

 

33,693

Total operating expenses

 

 

10,335

 

 

11,284

 

 

13,257

 

 

14,622

 

 

49,498

Loss from operations

 

 

(7,163)

 

 

(7,311)

 

 

(7,662)

 

 

(9,414)

 

 

(31,550)

Interest income (expense), net

 

 

(24)

 

 

16

 

 

30

 

 

24

 

 

46

Other income (expense), net

 

 

(15)

 

 

(48)

 

 

(25)

 

 

81

 

 

(7)

Income tax benefit (provision)

 

 

 —

 

 

 —

 

 

 —

 

 

(25)

 

 

(25)

Net loss

 

$

(7,202)

 

$

(7,343)

 

$

(7,657)

 

$

(9,334)

 

$

(31,536)

Net loss per share, basic and diluted

 

$

(0.33)

 

$

(0.34)

 

$

(0.35)

 

$

(0.42)

 

$

(1.43)

Weighted-average common shares outstanding, basic and diluted

 

 

21,788,605

 

 

21,890,978

 

 

22,670,786

 

 

22,221,305

 

 

21,994,317