| Quarterly Results (Unaudited) |
17. Quarterly Results (Unaudited)
The following table is in thousands, except per share amounts:
|
|
|
Quarters Ended |
|
|
|
|
March 31, |
|
|
June 30, |
|
|
September 30, |
|
|
December 31, |
|
|
|
|
2016 |
|
|
2016 |
|
|
2016 |
|
|
2016 |
|
|
Consolidated Statement of operations data: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development |
|
$ |
18,192 |
|
|
$ |
16,397 |
|
|
$ |
20,664 |
|
|
$ |
16,731 |
|
|
General and administrative |
|
|
5,915 |
|
|
|
5,909 |
|
|
|
6,752 |
|
|
|
5,760 |
|
|
Total operating expenses |
|
|
24,107 |
|
|
|
22,306 |
|
|
|
27,416 |
|
|
|
22,491 |
|
|
Loss from operations |
|
|
(24,107 |
) |
|
|
(22,306 |
) |
|
|
(27,416 |
) |
|
|
(22,491 |
) |
|
Interest income |
|
|
105 |
|
|
|
129 |
|
|
|
120 |
|
|
|
160 |
|
|
Other income (expense), net |
|
|
(230 |
) |
|
|
59 |
|
|
|
(39 |
) |
|
|
446 |
|
|
Net loss before provision for income taxes |
|
|
(24,232 |
) |
|
|
(22,118 |
) |
|
|
(27,335 |
) |
|
|
(21,885 |
) |
|
Provision for income taxes |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
247 |
|
|
Net loss |
|
$ |
(24,232 |
) |
|
$ |
(22,118 |
) |
|
$ |
(27,335 |
) |
|
$ |
(22,132 |
) |
|
Net loss per share- basic and diluted |
|
$ |
(0.82 |
) |
|
$ |
(0.75 |
) |
|
$ |
(0.92 |
) |
|
$ |
(0.64 |
) |
|
Weighted-average common shares used to compute
basic and diluted net loss per share |
|
|
29,422 |
|
|
|
29,489 |
|
|
|
29,574 |
|
|
|
34,609 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Quarters Ended |
|
|
|
|
March 31, |
|
|
June 30, |
|
|
September 30, |
|
|
December 31, |
|
|
|
|
2015 |
|
|
2015 |
|
|
2015 |
|
|
2015 |
|
|
Consolidated Statement of operations data: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development |
|
$ |
17,100 |
|
|
$ |
11,940 |
|
|
$ |
15,400 |
|
|
$ |
15,586 |
|
|
General and administrative |
|
|
5,181 |
|
|
|
7,556 |
|
|
|
5,124 |
|
|
|
4,622 |
|
|
Total operating expenses |
|
|
22,281 |
|
|
|
19,496 |
|
|
|
20,524 |
|
|
|
20,208 |
|
|
Loss from operations |
|
|
(22,281 |
) |
|
|
(19,496 |
) |
|
|
(20,524 |
) |
|
|
(20,208 |
) |
|
Interest income |
|
|
49 |
|
|
|
65 |
|
|
|
54 |
|
|
|
51 |
|
|
Other income (expense), net |
|
|
226 |
|
|
|
(236 |
) |
|
|
91 |
|
|
|
32 |
|
|
Net loss and comprehensive loss |
|
|
(22,006 |
) |
|
|
(19,667 |
) |
|
|
(20,379 |
) |
|
|
(20,125 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss attributable to common stockholders |
|
$ |
(22,006 |
) |
|
$ |
(19,667 |
) |
|
$ |
(20,379 |
) |
|
$ |
(20,125 |
) |
|
Net loss per basic and diluted share attributable to
common stockholders |
|
$ |
(0.79 |
) |
|
$ |
(0.67 |
) |
|
$ |
(0.69 |
) |
|
$ |
(0.69 |
) |
|
Weighted-average common shares used to compute
basic and diluted net loss per share |
|
|
27,810 |
|
|
|
29,293 |
|
|
|
29,354 |
|
|
|
29,379 |
|
|