Item 8. Financial Statements and Supplementary Data
Item 8. Financial Statements and Supplementary Data
Our consolidated financial statements and the notes thereto, included in Part IV, Item 15, are incorporated by reference into this Item 8.
Selected quarterly financial data (unaudited)
You should read the following tables presenting our unaudited quarterly results of operations in conjunction with the consolidated financial statements and related notes contained elsewhere in this Annual Report on Form 10-K. We have prepared this unaudited information on the same basis as our audited consolidated financial statements. Our quarterly operating results have fluctuated in the past and may continue to do so in the future as a result of several factors, including, but not limited to, the timing and nature of research and development activities.
Summarized quarterly information for the two fiscal years ended December 31, 2020 and 2019, respectively, is as follows:
For the Quarter Ended
(unaudited)
December 31,
September 30,
June 30,
March 31,
2020
2020
2020
2020
(in thousands, except per share data)
Revenue
$
34,086
$
1,789
$
1,535
$
104
Net loss
(699)
(53,775)
(42,551)
(27,999)
Basic net loss per ordinary share
$
(0.02)
$
(1.21)
$
(0.96)
$
(0.63)
Note: basic net loss per ordinary share for the four quarters in 2020 does not equal the annual reported amount due to rounding.
For the Quarter Ended
(unaudited)
December 31,
September 30,
June 30,
March 31,
2019
2019
2019
2019
(in thousands, except per share data)
Revenue
$
2,625
$
1,046
$
2,474
$
1,136
Net loss
(41,426)
(23,604)
(31,399)
(27,772)
Basic net loss per ordinary share
$
(0.95)
$
(0.58)
$
(0.83)
$
(0.74)
Note: basic net loss per ordinary share for the four quarters in 2019 does not equal the annual reported amount due to rounding.
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure
None.
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