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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Total revenue, net $ 42,298 $ 66,056 $ 166,308 $ 232,198
Less: Cost of goods sold 26,022 23,560 75,359 72,553
Less: Cost of goods sold - restructuring inventory 0 12,674 0 39,228
Gross margin 16,276 29,822 90,949 120,417
Operating expenses:        
Selling, general and administrative 36,904 45,457 115,340 155,997
Research and development 4,540 5,105 14,884 16,428
Restructuring   711   10,743
Total operating expenses 41,444 51,273 130,224 183,168
Operating loss (25,168) (21,451) (39,275) (62,751)
Interest income, net 3,374 3,216 10,028 8,438
Other income (expense), net 265 (575) 1,954 3,092
Loss from operations before taxes (21,529) (18,810) (27,293) (51,221)
Provision for income taxes (3,605) (501) (6,272) (2,110)
Net loss $ (25,134) $ (19,311) $ (33,565) $ (53,331)
Loss per share:        
Basic [1] $ (0.06) $ (0.05) $ (0.08) $ (0.13)
Diluted [1] $ (0.06) $ (0.05) $ (0.08) $ (0.13)
Weighted average shares:        
Basic 411,150 408,417 410,786 407,489
Diluted 411,150 408,417 410,786 407,489
Product Revenue, Net        
Total revenue, net $ 41,852 $ 64,903 $ 144,522 $ 214,744
Licensing and Royalty Revenue        
Total revenue, net $ 446 $ 1,153 $ 21,786 $ 17,454
[1] Excluding the licensing revenue change in estimates and Medicaid change in estimate, both discussed in Note 7 – Revenue Recognition, net loss per share, basic and diluted, for the three months ended September 30, 2023 would have been $(0.06) and net loss per share for the nine months ended September 30, 2024 and 2023 would have been $(0.09) and $(0.19), respectively.