| SELECTED QUARTERLY FINANCIAL DATA |
14. SELECTED QUARTERLY FINANCIAL DATA
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Year Ended December 31, 2019
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Year Ended December 31, 2018
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Q1
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Q2
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Q3
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Q4
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Q1
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Q2
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Q3
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Q4
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(unaudited, in thousands, except per share amounts)
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Revenue
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$
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12,624
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$
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10,407
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$
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20,857
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$
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15,400
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$
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—
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$
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1,787
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$
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4,865
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$
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37,857
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Gross profit*
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$
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7,947
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$
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9,862
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$
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11,406
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$
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13,651
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$
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—
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$
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1,757
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$
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4,796
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$
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7,107
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Net loss
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$
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(17,598)
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$
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(20,606)
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$
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(11,490)
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$
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(17,200)
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$
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(24,385)
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$
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(25,557)
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$
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(23,766)
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$
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3,228
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Net income (loss) per share, basic and diluted:
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$
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(0.11)
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$
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(0.12)
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$
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(0.07)
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$
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(0.10)
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$
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(0.17)
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$
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(0.16)
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$
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(0.14)
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$
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0.02
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Weighted average shares used in computing net income (loss) per share:
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Basic
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167,173
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167,191
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167,609
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167,619
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147,114
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161,577
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166,464
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166,680
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Diluted
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167,173
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167,191
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167,609
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167,745
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147,114
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161,577
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166,464
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167,617
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*Gross profit is computed as Net product sales less Cost of product sales. Prior to the FDA approval, manufacturing and related costs were charged to research and development expense. Therefore, these costs were not capitalized and as a result, are not fully reflected in the costs of sales during the periods disclosed above.
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