XML 48 R34.htm IDEA: XBRL DOCUMENT v3.20.1
Selected Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Mar. 31, 2020
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Data
The following table presents selected unaudited quarterly financial data of the Company for the years ended March 31, 2020 and 2019 (in thousands, except share and per share data). The unaudited quarterly financial data is prepared on the same basis as the audited consolidated financial statements, and in the opinion of management, includes all recurring adjustments necessary for a fair statement of such information. The Company’s operating results for any quarter are not necessarily indicative of the operating results for any future quarters or a full year. The net loss per common share amounts for the quarterly periods have been computed separately. Therefore, the sum of quarterly net loss per common share amounts may not equal annual net loss per common share amounts.
 
Fiscal 2020 Quarter Ended
 
June 30, 2019
 
September 30, 2019
 
December 31, 2019
 
March 31, 2020
Total operating expenses
$
65,269

 
$
67,406

 
$
78,069

 
$
64,143

Net loss
$
(67,904
)
 
$
(70,568
)
 
$
(85,604
)
 
$
(64,913
)
Net loss per common share — basic and diluted
$
(0.89
)
 
$
(0.79
)
 
$
(0.96
)
 
$
(0.73
)
Weighted average common shares outstanding — basic and diluted
76,468,347

 
88,798,398

 
88,893,579

 
89,130,806

 
Fiscal 2019 Quarter Ended
 
June 30, 2018
 
September 30, 2018
 
December 31, 2018
 
March 31, 2019
Total operating expenses
$
60,083

 
$
64,123

 
$
69,120

 
$
71,500

Net loss
$
(62,134
)
 
$
(65,770
)
 
$
(70,633
)
 
$
(75,014
)
Net loss per common share — basic and diluted
$
(0.98
)
 
$
(0.99
)
 
$
(1.04
)
 
$
(1.07
)
Weighted average common shares outstanding — basic and diluted
63,310,177

 
66,666,876

 
67,616,419

 
70,076,475