Selected Quarterly Financial Data

12 Months Ended

Dec. 31, 2017

Selected Quarterly Financial Data

Selected Quarterly Financial Data

17. Selected Quarterly Financial Data (unaudited) –

The following table contains selected quarterly financial information from 2017 and 2016. The Company believes that the following 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, 2017		June 30, 2017		September 30, 2017		December 31, 2017
		(in thousands, except per share data)
Total revenue	$	682	$	3,097	$	6,282	$	3,667
Total operating expenses		31,309		29,212		33,031		40,109
Total other income (expense), net		(470)		(324)		150		253
Net loss	$	(31,097)	$	(26,439)	$	(26,599)	$	(36,189)
Net loss applicable to common stockholders	$	(31,097)	$	(26,439)	$	(26,599)	$	(36,189)
Net loss per share applicable to common stockholders — basic and diluted	$	(0.85)	$	(0.65)	$	(0.64)	$	(0.84)
	Three months ended
	March 31, 2016		June 30, 2016		September 30, 2016		December 31, 2016
		(in thousands, except per share data)
Total revenue	$	805	$	3,388	$	962	$	898
Total operating expenses		18,644		22,588		22,127		39,882
Total other income (expense), net		94		158		145		(392)
Net loss	$	(17,745)	$	(19,042)	$	(21,020)	$	(39,376)
Net loss applicable to common stockholders	$	(17,792)	$	(19,042)	$	(21,020)	$	(39,376)
Net loss per share applicable to common stockholders — basic and diluted	$	(0.80)	$	(0.54)	$	(0.59)	$	(1.10)