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Quarterly Financial Data (unaudited)
12 Months Ended
Dec. 31, 2020
Quarterly Financial Data [Abstract]  
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

)