Annual report pursuant to Section 13 and 15(d)

Selected Quarterly Financial Data (Unaudited)

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Selected Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2011
Selected Quarterly Financial Data [Abstract]  
Selected Quarterly Financial Data (Unaudited)

Note 20 Selected Quarterly Financial Data (Unaudited)

 

                                 
    For the 2011 Quarters Ended  

(in thousands), except per share data

  March 31     June 30     September 30     December 31  

Revenue

  $ 6,950     $ 8,428     $ 6,807     $ 5,794  

Gross margin

    2,772       3,538       2,790       1,636  

(Loss) income from continuing operations

    (4,749     (5,347     (6,749     10,381  

Net (loss) income attributable to common shareholders

    (6,349     (6,361     (8,836     17,884  

(Loss) income per share, basic

                               

(Loss) income from continuing operations

  $ (0.02   $ (0.02   $ (0.02   $ 0.04  

(Loss) income from discontinued operations

  $ (0.00   $ (0.00   $ (0.01   $ 0.03  

Net (loss) income

  $ (0.02   $ (0.02   $ (0.03   $ 0.06  

(Loss) income per share, diluted

                               

(Loss) income from continuing operations

  $ (0.02   $ (0.02   $ (0.02   $ 0.03  

(Loss) income from discontinued operations

  $ (0.00   $ (0.00   $ (0.01   $ 0.03  

Net (loss) income attributable to common shareholders

  $ (0.02   $ (0.02   $ (0.03   $ 0.06  
   
    For the 2010 Quarters Ended  

(in thousands, except per share data)

  March 31     June 30     September 30     December 31  

Revenue

  $ 5,312     $ 5,273     $ 5,678     $ 12,231  

Gross margin

    1,976       1,812       2,331       8,880  

(Loss) income from continuing operations

    (3,653     (5,081     (4,606     664  

Net loss attributable to common shareholders

    (5,346     (6,876     (8,010     (1,318

(Loss) income per share, basic

                               

Loss from continuing operations

  $ (0.01   $ (0.02   $ (0.02   $ 0.00  

Income (loss) from discontinued operations

  $ (0.00   $ (0.01   $ (0.01   $ (0.01

Net loss

  $ (0.02   $ (0.03   $ (0.03   $ (0.01

(Loss) income per share, diluted

                               

(Loss) from continuing operations

  $ (0.02   $ (0.02   $ (0.02   $ 0.00  

Income (loss) from discontinued operations

  $ (0.00   $ (0.01   $ (0.01   $ (0.01

Net loss attributable to common shareholders

  $ (0.02   $ (0.03   $ (0.03   $ (0.01

Due to rounding, the quarterly per share amounts may not mathematically compute to the annual amount.

 

In October 2011, we complete the sale of our instrumentation business to OPTOS and as a result, recorded a gain of $10.6 million. Refer to Note 4. We corrected an immaterial error related to the classification of one of the intangible assets acquired as part of the CURNA acquisition. During the three months ended December 31, 2011, we reversed $0.7 million of amortization expense previously recorded. We previously recorded $0.2 million, $0.2 million and $0.3 million during each of the three month periods ended March 31, 2011, June 30, 2011 and September 30, 2011, respectively. On December 10, 2010, we licensed our rolapitant development program and as a result, recorded $6.7 million of revenue. Refer to Note 3.