Selected Unaudited Quarterly Financial Data

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

Selected Unaudited Quarterly Financial Data

Note 15: Selected Unaudited Quarterly Financial Data

The following table summarizes the Company’s unaudited quarterly financial data for the last two years (in thousands, except share and per share data):

	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
2020
Total revenues	$	1,750		$	1,750		$	64,530		$	9,487
Total operating expenses	$	30,150		$	47,125		$	62,978		$	61,499
Net income (loss)	$	(27,753	)	$	(45,074	)	$	1,822		$	(51,853	)
Net income (loss) per share — basic	$	(0.63	)	$	(0.93	)	$	0.03		$	(0.82	)
Net income (loss) per share — diluted	$	(0.63	)	$	(0.93	)	$	0.03		$	(0.82	)
Weighted average number of shares, basic		44,282,607			48,556,843			62,599,193			63,527,932
Weighted average number of shares, diluted		44,282,607			48,556,843			65,145,707			63,527,932
2019
Total revenues	$	1,750		$	1,750		$	1,750		$	9,750
Total operating expenses	$	20,523		$	30,910		$	24,999		$	27,277
Net loss	$	(17,670	)	$	(28,090	)	$	(22,352	)	$	(16,598	)
Net loss per share — basic and diluted	$	(0.41	)	$	(0.64	)	$	(0.51	)	$	(0.38	)
Weighted average number of shares, basic    and diluted		43,508,592			43,797,718			43,939,281			44,056,407