XML 61 R4.htm IDEA: XBRL DOCUMENT v3.19.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Net sales $ 2,271,000 $ 1,355,000 $ 5,827,000 $ 3,848,000
Cost of sales 1,117,000 680,000 2,940,000 1,889,000
Gross profit 1,154,000 675,000 2,887,000 1,959,000
Costs and expenses:        
Research and development 6,064,000 7,891,000 19,145,000 20,734,000
Sales, general and administrative 12,743,000 12,153,000 38,302,000 41,835,000
Total costs and expenses 18,807,000 20,044,000 57,447,000 62,569,000
Loss from operations (17,653,000) (19,369,000) (54,560,000) (60,610,000)
Other income (expense):        
Interest expense (3,598,000) (3,357,000) (10,585,000) (6,720,000)
Foreign currency exchange loss (89,000) (133,000) (142,000) (331,000)
Interest income 676,000 908,000 2,329,000 1,983,000
Other expense, net (9,000) 0 (12,000) (25,000)
Total other expense, net (3,020,000) (2,582,000) (8,410,000) (5,093,000)
Net loss before income taxes (20,673,000) (21,951,000) (62,970,000) (65,703,000)
Benefit (provision) for income taxes 239,000 (147,000) 0 (432,000)
Net loss $ (20,434,000) $ (22,098,000) $ (62,970,000) $ (66,135,000)
Basic and diluted net loss per share (usd per share) $ (0.37) $ (0.41) $ (1.16) $ (1.21)
Weighted average shares outstanding (shares) 54,553 54,145 54,456 54,591
Other comprehensive loss:        
Net loss $ (20,434,000) $ (22,098,000) $ (62,970,000) $ (66,135,000)
Net unrealized gain (loss) on available-for-sale investments 10,000 1,000 229,000 (54,000)
Foreign currency translation adjustment (113,000) (26,000) (139,000) (105,000)
Comprehensive loss $ (20,537,000) $ (22,123,000) $ (62,880,000) $ (66,294,000)