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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Revenue:        
Royalty revenue and milestones $ 1.7 $ 6.5 $ 3.4 $ 6.5
Revenue from services 7.4 8.1
Total revenue $ 1.7 13.9 $ 3.4 14.6
Operating expense:        
Cost of revenue 1.6 3.3
Research and development $ 6.3 4.8 $ 11.8 9.7
General and administrative 2.1 2.6 4.4 5.0
Foreign exchange (gain) loss (0.2) (1.5) 0.5 (2.8)
Total operating expense 8.2 7.5 16.7 15.2
Income (loss) from operations $ (6.5) 6.4 (13.3) (0.6)
Non-operating income:        
Interest income 0.1 0.1 0.2
Total non-operating income 0.1 0.1 0.2
Income (loss) before tax $ (6.5) $ 6.5 $ (13.2) $ (0.4)
Income tax benefit
Net income (loss) $ (6.5) $ 6.5 $ (13.2) $ (0.4)
Basic net income (loss) per share (in dollars per share) $ (0.17) $ 0.19 $ (0.34) $ (0.01)
Diluted net income (loss) per share (in dollars per share) $ (0.17) $ 0.19 $ (0.34) $ (0.01)
Basic weighted-average shares outstanding (in shares) 38,636,946 35,100,961 38,630,587 35,100,961
Diluted weighted-average shares outstanding (in shares) 38,636,946 35,103,086 38,630,587 35,100,961
Comprehensive (loss) income:        
Net income (loss) $ (6.5) $ 6.5 $ (13.2) $ (0.4)
Exchange differences on translation of foreign operations (2.5) (5.0)
Change in fair value of available for sale investments (0.1) (0.1)
Total comprehensive income (loss) $ (6.5) $ 3.9 $ (13.2) $ (5.5)