| Quarterly Financial Data (Unaudited) |
11. QUARTERLY FINANCIAL DATA (UNAUDITED)
The following tables
in the opinion of management, reflect all adjustments, consisting of normal recurring adjustments necessary for the fair presentation
of results for the periods presented (in thousands, except per share data):
| |
|
Fiscal 2016 Quarter Ended |
|
| |
|
March 31 |
|
|
June 30 |
|
|
September 30 |
|
|
December 31 |
|
| Revenue |
|
$ |
6,767 |
|
|
$ |
6,903 |
|
|
$ |
7,223 |
|
|
$ |
7,121 |
|
| Loss from operations |
|
|
(6,336 |
) |
|
|
(3,406 |
) |
|
|
(2,941 |
) |
|
|
(3,293 |
) |
| Net loss |
|
$ |
(7,254 |
) |
|
$ |
(4,344 |
) |
|
$ |
(3,982 |
) |
|
$ |
(4,340 |
) |
| Weighted average number of shares outstanding, basic |
|
|
3,383 |
|
|
|
4,485 |
|
|
|
5,335 |
|
|
|
5,360 |
|
| Net loss per common share basic |
|
$ |
(2.14 |
) |
|
$ |
(0.97 |
) |
|
$ |
(0.75 |
) |
|
$ |
(0.81 |
) |
| Weighted average number of shares outstanding diluted |
|
|
3,383 |
|
|
|
4,485 |
|
|
|
5,335 |
|
|
|
5,360 |
|
| Net loss per common share diluted |
|
$ |
(2.14 |
) |
|
$ |
(0.97 |
) |
|
$ |
(0.75 |
) |
|
$ |
(0.81 |
) |
| |
|
Fiscal 2015 Quarter Ended |
|
| |
|
March 31 |
|
|
June 30 |
|
|
September 30 |
|
|
December 31 |
|
| Revenue |
|
$ |
5,408 |
|
|
$ |
6,345 |
|
|
$ |
6,612 |
|
|
$ |
6,791 |
|
| Loss from operations |
|
|
(8,071 |
) |
|
|
(7,702 |
) |
|
|
(7,543 |
) |
|
|
(8,193 |
) |
| Net loss |
|
$ |
(8,168 |
) |
|
$ |
(8,072 |
) |
|
$ |
(8,064 |
) |
|
$ |
(8,925 |
) |
| Weighted average number of shares outstanding, basic |
|
|
3,364 |
|
|
|
3,366 |
|
|
|
3,373 |
|
|
|
3,376 |
|
| Net loss per common share basic |
|
$ |
(2.43 |
) |
|
$ |
(2.40 |
) |
|
$ |
(2.39 |
) |
|
$ |
(2.64 |
) |
| Weighted average number of shares outstanding diluted |
|
|
3,369 |
|
|
|
3,370 |
|
|
|
3,377 |
|
|
|
3,376 |
|
| Net loss per common share diluted |
|
$ |
(2.42 |
) |
|
$ |
(2.39 |
) |
|
$ |
(2.39 |
) |
|
$ |
(2.64 |
) |
| |
(i) |
Net loss per share basic and diluted are computed independently for the quarters presented. Therefore, the sum of the quarterly per share information may not be equal to the annual per share information. Also totals may not add to the financial statements due to rounding. |
|