25 unchanged sentences
Issuer Purchases of Equity Securities
−Removed: SELECTED FINANCIAL DATA
−Removed: The following selected consolidated financial data should be read together with our Consolidated Financial Statements and accompanying Notes and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” appearing elsewhere in this Annual Report on Form 10-K.
−Removed: The selected consolidated financial data in this section is not intended to replace our Consolidated Financial Statements and the accompanying Notes.
−Removed: Our historical results are not necessarily indicative of our future results.
−Removed: We derived the consolidated statements of operations data for the fiscal years ended December 31, 2020, 2019, and 2018 and the consolidated balance sheets data as of December 31, 2020 and 2019 from our audited Consolidated Financial Statements appearing elsewhere in this filing.
−Removed: The consolidated statements of operations data for the fiscal years ended December 31, 2017 and 2016 and the consolidated balance sheets data as of December 31, 2018, 2017 and 2016 have been derived from our audited Consolidated Financial Statements not included in this filing.
−Removed: The data should be read in conjunction with the Consolidated Financial Statements, related Notes and other financial information included herein.
−Removed: SELECTED CONSOLIDATED FINANCIAL DATA
−Removed: Year Ended December 31,
−Removed: 2020 2019 2018 2017 2016
−Removed: (In Thousands, Except Per Share Amounts)
−Removed: Consolidated Statements of Operations Data:
−Removed: Product revenue $ 30,220 $ 29,465 $ 25,590 $ 26,685 $ 15,321
−Removed: Research and development revenue 38,836 38,993 35,004 23,339 33,516
−Removed: Total revenues 69,056 68,458 60,594 50,024 48,837
−Removed: Costs and operating expenses:
−Removed: Cost of product revenue 13,742 15,632 12,620 14,327 9,753
−Removed: Research and development 44,185 33,873 29,978 29,659 22,229
−Removed: Selling, general and administrative 35,049 31,502 29,291 29,008 25,419
−Removed: Total costs and operating expenses 92,976 81,007 71,889 72,994 57,401
−Removed: Loss from operations (23,920) (12,549) (11,295) (22,970) (8,564)
−Removed: Interest income 405 1,287 671 147 60
−Removed: Other expenses, net (156) (656) (291) (92) (94)
−Removed: Loss before income taxes (23,671) (11,918) (10,915) (22,915) (8,598)
−Removed: Provision for (benefit from) income taxes 339 17 (37) 81 (40)
−Removed: Net loss $ (24,010) $ (11,935) $ (10,878) $ (22,996) $ (8,558)
−Removed: Net loss per share, basic and diluted $ (0.40) $ (0.21) $ (0.21) $ (0.50) $ (0.21)
−Removed: Weighted average common stock shares used in computing net loss per share, basic and diluted 59,360 56,525 52,205 46,228 40,629
−Removed: ( 1) Financial results for years ended December 31, 2020, 2019 and 2018 as compared to the years ended December 31, 2017 and 2016 reflect the effects of adopting Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606) and the related amendments (“ASC 606”), which provided a new basis of accounting for our revenue arrangements beginning in the 2018 fiscal year 2018 and continuing thereafter.
−Removed: The adoption of ASC 606 limits the comparability of revenue and certain expenses, including revenues and costs and operating expenses, presented in the results of operations for the years ended December 31, 2020, 2019 and 2018 when compared to the years ended December 31, 2017 and 2016.
−Removed: (2) Lease costs for the years ended December 31, 2020 and 2019 as compared to years ended December 31, 2018, 2017 and 2016 reflect the effects of adopting ASU 2016-02 and the related amendments, Leases (Topic 842) (“ASC 842”) which provided a new basis of accounting for leases beginning in our 2019 fiscal year.
−Removed: The adoption of ASC 842 limited the comparability of lease costs included in operating expenses, presented in the results of operations for the years ended December 31, 2020 and 2019 when compared to the years ended December 31, 2018, 2017 and 2016.
−Removed: 2020 2019 2018 2017 2016
−Removed: Consolidated Balance Sheets Data:
−Removed: (In Thousands)
−Removed: Cash, cash equivalents and restricted cash $ 150,817 $ 92,221 $ 54,485 $ 32,776 $ 20,864
−Removed: Working capital 159,442 98,817 50,085 20,087 14,860
−Removed: Total assets 221,646 149,073 79,283 53,625 35,648
−Removed: Total liabilities 51,543 43,556 22,977 29,078 16,549
−Removed: Total stockholders’ equity 170,103 105,517 56,306 24,547 19,099
−Removed: (1) Financial results for years ended December 31, 2020, 2019 and 2018 as compared to the years ended December 31, 2017 and 2016 reflected the effects of adopting ASU 2014-09, Revenue from Contracts with Customers (“ASC 606”), which provided a new basis of accounting for our revenue arrangements during our 2020, 2019 and 2018 fiscal years.
−Removed: We recognized the cumulative effect of applying ASC 606 and recognized a $4.1 million increase to the opening balance of the accumulated deficit in 2018.
−Removed: The comparative information for the years ended December 31, 2017 and 2016 has not been restated and continues to be reported under the accounting standards in effect for the periods presented.
−Removed: (2) Financial results for years ended December 31, 2020 and 2019 as compared to the years ended December 31, 2018, 2017 and 2016 reflected the effects of adopting ASU 2016-02 and the related amendments, Leases (Topic 842) (“ASC 842”), which established a right-of-use (“ROU”) model requiring lessees to record a ROU asset and lease obligations on the balance sheet for all leases with terms longer than 12 months.
−Removed: On adoption of ASC 842 in 2019, for operating leases, we recognized $26.6 million of ROU assets and $27.6 million of lease obligations, and for finance leases, we recognized $0.5 million of ROU assets and $0.3 million of lease obligations in our consolidated balance sheet.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.