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Selected Quarterly Financial Data
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data Selected Quarterly Financial Data (Unaudited)
The following table sets forth certain unaudited quarterly financial data. In our opinion, the unaudited information set forth below has been prepared on the same basis as our audited information and includes all adjustments necessary to present fairly the information set forth herein. We have experienced fluctuations in our quarterly results and expect these fluctuations to continue in the future. Due to these and other factors, we believe that quarter-to-quarter comparisons of our operating results will not be meaningful, and the results for any one quarter may not be indicative of our future performance. We have reclassified certain items previously reported in specific financial statement captions to conform to the current period presentation. Such reclassifications have not materially impacted previously reported total revenues, operating income (loss) or net income (loss). All data is in thousands except per share information.
 
Year Ended December 31, 2019
 
Year Ended December 31, 2018
 
Q1
 
Q2
 
Q3
 
Q4
 
Q1
 
Q2
 
Q3
 
Q4
Product sales
$
4,398

 
$
4,346

 
$
5,558

 
$
5,815

 
$
6,295

 
$
5,863

 
$
4,256

 
$
4,360

Total revenue
$
28,222

 
$
23,315

 
$
29,218

 
$
33,862

 
$
38,018

 
$
1,087,717

 
$
27,762

 
$
39,826

Cost of goods sold
$
5,440

 
$
5,018

 
$
4,927

 
$
5,989

 
$
6,646

 
$
5,522

 
$
4,783

 
$
7,461

Research and development expenses
$
118,463

 
$
106,686

 
$
99,048

 
$
110,369

 
$
99,424

 
$
88,334

 
$
102,895

 
$
108,883

Operating income (loss)
$
(120,687
)
 
$
(110,970
)
 
$
(98,740
)
 
$
(109,638
)
 
$
(86,739
)
 
$
973,600

 
$
(98,634
)
 
$
(100,295
)
Net income (loss) (1)
$
(119,632
)
 
$
(110,286
)
 
$
(98,585
)
 
$
(112,164
)
 
$
(95,792
)
 
$
971,460

 
$
(96,143
)
 
$
(98,212
)
Net income (loss) per share(1) (2)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
$
(0.69
)
 
$
(0.63
)
 
$
(0.56
)
 
$
(0.64
)
 
$
(0.60
)
 
$
5.67

 
$
(0.56
)
 
$
(0.57
)
Diluted
$
(0.69
)
 
$
(0.63
)
 
$
(0.56
)
 
$
(0.64
)
 
$
(0.60
)
 
$
5.33

 
$
(0.56
)
 
$
(0.57
)
_______________________________________________________________
(1)
As discussed in Note 1, in the fourth quarter of 2019, we adopted ASU 2019-12, effective January 1, 2019, which affected previously reported amounts of net loss and net loss per share for the first three quarters of 2019. We have recast such amounts for the effects of adoption.
(2)
Quarterly income (loss) per share amounts may not total to the year-to-date income (loss) per share due to rounding.