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Quarterly Financial Data (unaudited) (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Data [Abstract]  
Summary of Unaudited Quarterly Financial Data

The following table summarizes the unaudited quarterly financial data for the last two fiscal years (in thousands, except per share data):

 

(in thousands, except per share amounts)

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

5,331

 

 

$

6,639

 

 

$

9,188

 

 

$

12,400

 

Total operating expenses

 

 

23,931

 

 

 

26,130

 

 

 

26,867

 

 

 

30,281

 

Net loss

 

 

(17,820

)

 

 

(18,413

)

 

 

(15,789

)

 

 

(15,676

)

Net loss per common share, basic and diluted

 

$

(0.50

)

 

$

(0.49

)

 

$

(0.39

)

 

$

(0.39

)

Weighted average number of shares, basic and diluted

 

 

35,827,235

 

 

 

37,440,024

 

 

 

40,116,644

 

 

 

40,259,575

 

2017, As Revised (Note 2)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

2,410

 

 

$

3,001

 

 

$

3,077

 

 

$

2,954

 

Total operating expenses

 

 

17,393

 

 

 

18,771

 

 

 

20,245

 

 

 

13,700

 

Net loss

 

 

(14,762

)

 

 

(15,461

)

 

 

(16,721

)

 

 

(10,066

)

Net loss per common share, basic and diluted

 

$

(0.47

)

 

$

(0.50

)

 

$

(0.50

)

 

$

(0.28

)

Weighted average number of shares, basic and diluted

 

 

31,089,310

 

 

 

31,200,773

 

 

 

33,525,567

 

 

 

35,684,201