Quarterly Financial Data (unaudited) |
18. Quarterly Financial Data (unaudited)
The following table presents certain unaudited quarterly financial information. This information has been prepared on the same basis as the audited financial statements and includes all adjustments (consisting only of normal recurring adjustments) necessary to present fairly the unaudited quarterly results of operations set forth herein (in thousands, except per share data):
|
|
2020 |
|
|
|
March 31, |
|
|
June 30, |
|
|
September 30, |
|
|
December 31, |
|
Revenue |
|
$ |
36,309 |
|
|
$ |
61,709 |
|
|
$ |
81,470 |
|
|
$ |
91,542 |
|
Operating expenses |
|
$ |
156,974 |
|
|
$ |
124,764 |
|
|
$ |
131,785 |
|
|
$ |
187,623 |
|
Change in fair value of equity investments |
|
$ |
7,668 |
|
|
$ |
95,200 |
|
|
$ |
(11,520 |
) |
|
$ |
79,055 |
|
Net income (loss) |
|
$ |
(119,025 |
) |
|
$ |
25,315 |
|
|
$ |
(68,845 |
) |
|
$ |
(24,011 |
) |
Net income (loss) per share, basic |
|
$ |
(2.05 |
) |
|
$ |
0.42 |
|
|
$ |
(1.13 |
) |
|
$ |
(0.37 |
) |
Net income (loss) per share, diluted |
|
$ |
(2.05 |
) |
|
$ |
0.41 |
|
|
$ |
(1.13 |
) |
|
$ |
(0.37 |
) |
|
|
2019 |
|
|
|
March 31, |
|
|
June 30, |
|
|
September 30, |
|
|
December 31, |
|
Revenue |
|
$ |
18,172 |
|
|
$ |
24,149 |
|
|
$ |
25,800 |
|
|
$ |
35,593 |
|
Operating expenses |
|
$ |
117,386 |
|
|
$ |
136,623 |
|
|
$ |
143,833 |
|
|
$ |
130,045 |
|
Change in fair value of equity investments |
|
$ |
— |
|
|
$ |
9,828 |
|
|
$ |
2,166 |
|
|
$ |
1,419 |
|
Net loss |
|
$ |
(96,756 |
) |
|
$ |
(99,172 |
) |
|
$ |
(112,994 |
) |
|
$ |
(93,805 |
) |
Net loss per share, basic and diluted |
|
$ |
(1.82 |
) |
|
$ |
(1.72 |
) |
|
$ |
(1.96 |
) |
|
$ |
(1.62 |
) |
|