Quarterly Financial Data

12 Months Ended

Dec. 31, 2016

Quarterly Financial Data

Quarterly Financial Data

16.     Quarterly Financial Data (unaudited)

	Three months ended
	December 31,		September 30,		June 30,		March 31,
		(in thousands, except per share data)
2016
Operating results:
Total revenues	$	49,299	$	53,889	$	51,984	$	61,902
Cost of product, licensing and other revenues		38,000		34,261		30,973		32,340
Gross profit		11,299		19,628		21,011		29,562
Other costs and expenses		49,012		46,283		43,526		39,167
Interest expense and other (expense) income, net		(155)		741		(641)		920
Income tax expense		(39)		(103)		—		—
Net loss		(37,907)		(26,017)		(23,156)		(8,685)
Per share data:
Net loss - basic and diluted	$	(0.72)	$	(0.50)	$	(0.46)	$	(0.17)
2015
Operating results:
Total revenues	$	52,912	$	44,921	$	45,087	$	47,435
Cost of product, licensing and other revenues		31,814		30,456		25,732		24,843
Gross profit		21,098		14,465		19,355		22,592
Other costs and expenses		38,446		35,206		34,827		28,869
Interest expense and other (expense) income, net		(5,612)		3,111		(4,209)		(3,727)
Net loss		(22,960)		(17,630)		(19,681)		(10,004)
Per share data:
Net loss - basic and diluted	$	(0.47)	$	(0.39)	$	(3.58)	$	(1.89)