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Quarterly Financial Information (Unaudited)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information (Unaudited)

Note 16. Quarterly Financial Information (Unaudited)

The following tables summarize the Company’s quarterly financial information for the years ended December 31, 2019 and 2018 (in thousands except per share amounts):

 

 

 

Three Months Ended

 

 

 

March 31,

2019

 

 

June 30,

2019

 

 

September 30,

2019

 

 

December 31,

2019

 

Product revenue

 

$

17,504

 

 

$

18,209

 

 

$

18,019

 

 

$

20,917

 

Gross profit on product revenue

 

 

9,072

 

 

 

10,098

 

 

 

10,436

 

 

 

11,624

 

Government contract revenue

 

 

4,461

 

 

 

4,266

 

 

 

4,827

 

 

 

5,571

 

Net loss

 

 

(18,792

)

 

 

(17,562

)

 

 

(17,967

)

 

 

(16,923

)

Net loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

(0.14

)

 

 

(0.13

)

 

 

(0.13

)

 

 

(0.12

)

Diluted

 

 

(0.14

)

 

 

(0.13

)

 

 

(0.13

)

 

 

(0.12

)

 

 

 

 

Three Months Ended

 

 

 

March 31,

2018

 

 

June 30,

2018

 

 

September 30,

2018

 

 

December 31,

2018

 

Product revenue

 

$

13,564

 

 

$

15,420

 

 

$

15,399

 

 

$

16,525

 

Gross profit on product revenue

 

 

6,234

 

 

 

7,700

 

 

 

7,257

 

 

 

8,083

 

Government contract revenue

 

 

3,455

 

 

 

4,047

 

 

 

3,928

 

 

 

3,713

 

Net loss

 

 

(13,885

)

 

 

(13,282

)

 

 

(14,192

)

 

 

(16,205

)

Net loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

(0.11

)

 

 

(0.10

)

 

 

(0.11

)

 

 

(0.12

)

Diluted

 

 

(0.11

)

 

 

(0.10

)

 

 

(0.11

)

 

 

(0.12

)