XML 18 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Revenue:        
Product sales $ 4,354 $ 3,962 $ 13,477 $ 13,756
Other revenues   100   750
Total revenue 4,354 4,062 13,477 14,506
Cost of revenue (2,225) (2,204) (7,100) (7,361)
Gross profit 2,129 1,858 6,377 7,145
Operating expenses:        
Sales and marketing (918) (789) (2,350) (2,095)
Research and development, net of government grants (6,931) (4,453) (22,122) (13,573)
General and administrative expense:        
Compensation expense in respect of share options and management equity incentives (566) (305) (1,380) (814)
Other general and administrative expenses (6,493) (3,638) (16,768) (10,617)
Total general and administrative expense (7,059) (3,943) (18,148) (11,431)
Total operating expense (14,908) (9,185) (42,620) (27,099)
Operating loss (12,779) (7,327) (36,243) (19,954)
Other income (expense):        
Interest expense, net (1,134) (541) (2,992) (1,613)
Change in financial liability for share warrants 3,830 (34,565) 15,857 (33,581)
Other, net 305 130 (987) (1,490)
Other income (expense), net 3,001 (34,976) 11,878 (36,684)
Loss before income taxes (9,778) (42,303) (24,365) (56,638)
Net loss (9,778) (42,303) (24,365) (56,638)
Other comprehensive income (loss):        
Change in fair value of effective portion of foreign currency cash flow hedges (89) (35) 120 (288)
Foreign currency loss (1,491) (1,219) (297) (2,711)
Other comprehensive loss, net (1,580) (1,254) (177) (2,999)
Comprehensive loss (11,358) (43,557) (24,542) (59,637)
Net loss available to ordinary shareholders - basic and diluted $ (9,778) $ (42,303) $ (24,365) $ (56,638)
Loss per share - basic and diluted $ (0.48) $ (2.80) $ (1.33) $ (3.95)
Weighted-average shares outstanding - basic and diluted 20,398,132 15,101,441 18,284,708 14,352,476