XML 17 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue        
Revenue $ 59,930 $ 58,297 $ 123,919 $ 106,681
Cost of revenue        
Cost of product revenue 10,277 [1] 6,310 [1] 20,620 10,737
Cost of contract and other revenue 1,535 2,910 2,733 5,818
Amortization of acquired intangible assets 4,336 3,807 8,680 7,670
Cost of revenue 16,148 13,027 32,033 24,225
Gross profit 43,782 45,270 91,886 82,456
Operating expenses:        
Research and development 34,688 [1] 37,890 [1] 71,352 78,509
Sales, general and administrative 21,310 [1] 23,794 [1] 44,205 50,314
Amortization of acquired intangible assets 248 1,114 596 2,239
Restructuring charges 0 2,528 836 2,859
Change in fair value of earn-out liability   0 (1,800) 0
Impairment of assets held for sale 0 16,990 0 16,990
Total operating expenses 56,246 82,316 115,189 150,911
Operating loss (12,464) (37,046) (23,303) (68,455)
Interest income and other income (expense), net 4,597 6,972 10,971 14,385
Interest expense (2,580) (2,534) (5,135) (4,805)
Interest and other income (expense), net 2,017 4,438 5,836 9,580
Loss before income taxes (10,447) (32,608) (17,467) (58,875)
Provision for income taxes 334 4,372 1,297 4,681
Net loss $ (10,781) $ (36,980) $ (18,764) $ (63,556)
Net loss per share:        
Earnings per share, basic $ (0.09) $ (0.33) $ (0.17) $ (0.58)
Earnings per share, diluted $ (0.09) $ (0.33) $ (0.17) $ (0.58)
Weighted average shares used in per share calculation:        
Basic (in shares) 113,572 110,875 113,240 110,287
Diluted (in shares) 113,572 110,875 113,240 110,287
Royalties        
Revenue        
Revenue $ 16,957 $ 27,050 $ 36,651 $ 51,903
Product revenue        
Revenue        
Revenue 31,725 16,031 62,453 24,995
Contract and other revenue        
Revenue        
Revenue $ 11,248 $ 15,216 $ 24,815 $ 29,783
[1] Includes stock-based compensation:
Cost of product revenue$—  $ $—  $ 
Research and development$2,515  $3,058  $5,128  $6,268  
Sales, general and administrative$4,192  $4,021  $7,651  $7,999