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17. Summarized Quarterly Financial Data (Unaudited)
Following are summarized quarterly financial data (unaudited) for the years ended December 31, 2011 and 2010:
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2011 |
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March 31 |
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June 30 |
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September 30 |
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December 31 |
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(In thousands) |
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Total revenue
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
— |
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Operating loss
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(2,050 |
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(2,226 |
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(1,531 |
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(2,330 |
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Net income (loss)
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10,999 |
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1,842 |
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(17,606 |
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19,816 |
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Net income (loss) per share, basic
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$ |
0.21 |
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$ |
0.04 |
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$ |
(0.29 |
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$ |
0.33 |
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Net income (loss) per share, diluted
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$ |
0.19 |
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$ |
0.03 |
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$ |
(0.29 |
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$ |
0.30 |
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2010 |
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March 31 |
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June 30 |
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September 30 |
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December 31 |
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(In thousands) |
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Total revenue
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$ |
14 |
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$ |
57 |
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$ |
5 |
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$ |
24 |
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Operating loss
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(3,008 |
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(3,117 |
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(3,875 |
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(1,543 |
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Net (loss) income
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(17,259 |
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(31,573 |
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10,082 |
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(18,159 |
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Net (loss) income per share, basic
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$ |
(0.41 |
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$ |
(0.73 |
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$ |
0.21 |
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$ |
(0.35 |
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Net (loss) income per share, diluted
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$ |
(0.41 |
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$ |
(0.73 |
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$ |
0.20 |
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$ |
(0.35 |
) |
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