March 31,

December 31,

(in thousands, except per share amounts)

2017

2016

Assets

Current assets

Cash and cash equivalents

$

$

Investments

Accounts receivable

Inventory

Prepaid expenses and other current assets

Total current assets

Property and equipment, net

Long-term restricted cash

Other long-term assets

Total assets

$

$

Liabilities and Stockholders’ Equity

Current liabilities

Accounts payable

$

$

Accrued expenses

Deferred service revenue, current

Other liabilities, current

Notes payable, current

 —

Total current liabilities

Deferred service revenue, non-current

Deferred rent, non-current

Other liabilities, non-current

Notes payable, non-current

Financing derivative

Total liabilities



Commitments and contingencies



Stockholders’ equity

Preferred Stock, $0.001 par value:

Authorized 50,000 shares; No shares issued or outstanding

 —

 —

Common Stock, $0.001 par value:

Authorized 1,000,000 shares; Issued and outstanding 93,540 and 92,677 shares at March 31, 2017 and December 31, 2016, respectively

Additional paid-in-capital

Accumulated other comprehensive income (loss)

Accumulated deficit

Total stockholders’ equity

Total liabilities and stockholders’ equity

$

$







Three-Month Periods Ended March 31,

(in thousands, except per share amounts)

2017

2016

Revenue:

Product revenue

$

$

Service and other revenue

Contractual revenue

 —

Total revenue

Cost of revenue:

Cost of product revenue

Cost of service and other revenue

Total cost of revenue

Gross profit

Operating expense:

Research and development

Sales, general and administrative

Total operating expense

Operating loss

Interest expense

Other income (expense), net

Net loss

Other comprehensive loss:

Unrealized gain on investments

Comprehensive loss

$

$



Net loss per share:

Basic and diluted net loss per share

$

$

Shares used in computing basic and diluted net loss per share









Three-Month Periods Ended March 31,

(in thousands)

2017

2016

Cash flows from operating activities

Net loss

$

$

Adjustments to reconcile net loss to net cash used in operating activities

Depreciation

Amortization of debt discount and financing costs

Stock-based compensation

Other items

Changes in assets and liabilities

Accounts receivable

Inventory

Prepaid expenses and other assets

Accounts payable

Accrued expenses

Deferred service revenue

Deferred contractual revenue

 —

Other liabilities

Net cash used in operating activities

Cash flows from investing activities

Purchase of property and equipment

Disposal of property and equipment

 —

Purchase of investments

Sales of investments

Maturities of investments

Net cash provided by (used in) investing activities

Cash flows from financing activities

Proceeds from issuance of common stock from equity plans

Proceeds from issuance of common stock from at-the-market equity offering, net of issuance costs

 —

Net cash provided by financing activities

Net decrease in cash and cash equivalents

Cash and cash equivalents at beginning of period

Cash and cash equivalents at end of period

$

$



Supplemental disclosure of non-cash investing and financing activities

Changes in unpaid property and equipment

$

$

Changes in deposits for property and equipment paid in prior period

$

$

 —

Property and equipment paid by landlord

$

 —