| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
93,774 | 76,051 | 51,326 | 39,275 | - | - | - | - | - | - | 17,982 |
Cost of revenue | ||||||||||
33,419 | 31,634 | 22,531 | 20,295 | 23,464 | 21,188 | 22,602 | 20,616 | 18,535 | 12,046 | 12,580 |
Gross profit | ||||||||||
41,230 | 29,274 | 21,037 | 16,888 | 10,759 | 15,228 | 17,055 | 16,079 | 12,067 | 9,631 | 5,402 |
Government grants and cooperative agreements revenue | ||||||||||
- | - | - | - | - | - | - | 91 | 2,442 | 1,432 | 1,231 |
Operating expenses: | ||||||||||
Research and development | ||||||||||
60,376 | 42,564 | 33,710 | 31,322 | 25,643 | 21,800 | 15,187 | 7,603 | 7,178 | 5,195 | 6,372 |
Selling, general and administrative | ||||||||||
66,205 | 56,841 | 52,615 | 48,955 | 45,989 | 37,729 | 29,965 | 25,665 | 23,053 | 21,577 | 21,867 |
Amortization of intangible assets | ||||||||||
- | - | - | - | 202 | 202 | 202 | 202 | 202 | 67 | 0 |
Impairment of long-lived assets | ||||||||||
- | - | - | 150 | 0 | 0 | - | - | - | - | - |
Acquisition related costs net of gain on non-controlling equity interest | ||||||||||
- | - | - | - | - | - | - | - | - | 182 | 1,536 |
Settlement gain | ||||||||||
- | - | - | - | - | - | - | - | - | - | 1,381 |
Restructuring charges | ||||||||||
- | - | - | - | - | - | - | - | - | - | 841 |
Total operating expenses | ||||||||||
126,581 | 99,405 | 86,325 | 80,427 | 71,834 | 59,731 | 45,354 | 33,470 | 30,433 | 27,021 | 29,235 |
Loss from operations | ||||||||||
-66,226 | -54,988 | -57,530 | -61,447 | -61,075 | -44,503 | -28,299 | -17,300 | -15,924 | -15,958 | -23,833 |
Non-operating expense, net: | ||||||||||
Gain from revaluation of warrant liability | ||||||||||
- | - | - | - | -3,566 | -7,708 | 15,099 | -2,059 | 486 | 39 | 63 |
Foreign exchange loss | ||||||||||
-86 | -87 | -10 | 21 | -396 | -1,296 | 533 | 86 | -529 | -816 | -611 |
Interest expense | ||||||||||
6,065 | 4,008 | 3,022 | 2,445 | 1,705 | 599 | 332 | 551 | 964 | 689 | 10 |
Other income, net | ||||||||||
1,396 | 1,748 | 3,864 | 1,140 | 71 | 130 | 78 | 31 | 92 | 607 | 256 |
Total non-operating expense, net | ||||||||||
-4,755 | -2,347 | 832 | -1,284 | 1,536 | 5,943 | -14,820 | 1,625 | -915 | -859 | -302 |
Loss before income taxes | ||||||||||
-70,981 | -57,335 | -56,698 | -62,731 | -59,539 | -38,560 | -43,119 | -15,675 | -16,839 | -16,817 | - |
Provision for income taxes | ||||||||||
263 | 229 | 3,887 | 175 | -3,671 | 195 | 218 | 242 | 143 | 94 | - |
Net loss | ||||||||||
-71,244 | -57,564 | -60,585 | -62,906 | -55,868 | -38,755 | -43,337 | -15,917 | -16,982 | -16,911 | -24,135 |
Net loss per share: | ||||||||||
Basic and diluted | ||||||||||
-0.51 | -0.44 | -0.56 | - | - | - | - | - | - | - | - |
Basic | ||||||||||
- | - | - | -0.62 | -0.58 | -0.52 | -0.64 | -0.29 | -0.35 | -0.42 | -0.69 |
Diluted | ||||||||||
- | - | - | -0.62 | -0.61 | -0.61 | -0.64 | -0.33 | -0.35 | -0.42 | -0.69 |
Weighted average shares used for calculating net loss per share: | ||||||||||
Basic and diluted | ||||||||||
139,831 | 131,663 | 108,221 | - | - | - | - | - | - | - | - |
Basic | ||||||||||
- | - | - | 101,826 | 96,068 | 74,767 | 67,569 | 54,515 | 48,050 | 40,300 | 34,750 |
Diluted | ||||||||||
- | - | - | 101,826 | 96,905 | 76,534 | 67,569 | 55,061 | 48,050 | 40,300 | 34,750 |
Product | ||||||||||
Revenue | ||||||||||
74,649 | 60,908 | 43,568 | 37,183 | 34,223 | 36,416 | 39,657 | 36,695 | 30,602 | 21,677 | 16,751 |
Government Contract | ||||||||||
Revenue | ||||||||||
19,125 | 15,143 | 7,758 | 2,092 | - | - | - | - | - | - | - |