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Selected Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data

 

 

Fiscal Year 2016 Quarters

 

 

 

 

 

 

 

1st

 

 

2nd

 

 

3rd

 

 

4th

 

 

Total

 

Revenues(1)

 

$

4

 

 

$

97

 

 

$

5,268

 

 

$

11,962

 

 

$

17,331

 

Gross profit(2)

 

$

 

 

$

(429

)

 

$

4,423

 

 

$

10,258

 

 

$

14,252

 

Net loss

 

$

(49,762

)

 

$

(71,322

)

 

$

(71,613

)

 

$

(78,696

)

 

$

(271,393

)

Basic and diluted net loss per share(3)

 

$

(0.45

)

 

$

(0.63

)

 

$

(0.61

)

 

$

(0.65

)

 

$

(2.34

)

 

 

 

Fiscal Year 2015 Quarters

 

 

 

 

 

 

 

1st

 

 

2nd

 

 

3rd

 

 

4th

 

 

Total

 

Revenues

 

$

4

 

 

$

1

 

 

$

39

 

 

$

17

 

 

$

61

 

Gross profit

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Net loss

 

$

(40,375

)

 

$

(39,378

)

 

$

(38,906

)

 

$

(45,784

)

 

$

(164,443

)

Basic and diluted net loss per share(3)

 

$

(0.40

)

 

$

(0.39

)

 

$

(0.39

)

 

$

(0.45

)

 

$

(1.63

)

 

(1)

The Company commenced commercial sales of NUPLAZID in May 2016. The quarters ended June 30, 2016, September 30, 2016, and December 31, 2016 reflect net product revenue related to NUPLAZID.

(2)

Determined by subtracting cost of product sales from product sales, net.

(3)

Net loss per common share, basic and diluted, are computed independently for each quarter and the full year based upon respective average shares outstanding. Therefore, the sum of the quarterly net loss per common share amounts may not equal the annual amounts reported.