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Amicus Therapeutics Announces Fourth Quarter and Full Year 2007 Financial Results & Program Advancements


Net loss: $ (16,769) $4 $(37) $ (1,025) $(17,827)

Net loss per share -

basic and diluted: $(18.60) $ 0.01 $(0.04) $(1.14) $(19.77)

Weighted average

number of shares

outstanding: 901,748 901,748

Table 4

Amicus Therapeutics, Inc.

Reconciliation of GAAP to non-GAAP Measures for the

Statement of Operations Information for Year Ended December 31, 2007


(In thousands, except share and per share amounts)


in Fair


of Preferred

Warrant Stock Stock GAAP as

Non-GAAP Liability Accretion Compensation Reported

Income Statement


Revenue $1,784 $1,784

Research and

development (29,480) $- $- $(1,594) (31,074)

General and

administrative (12,887) (2,391) (15,278)

Depreciation and

amortization (1,237) (1,237)

Interest income 5,135 5,135

Interest expense (348) (348)

Change in fair value of

warrant liability - (149) (149)

Preferred stock accretion - (351) (351)


Net loss: $(37,033) $(149) $(351) $(3,985) $(41,518)

Net loss per share -

basic and diluted: $(2.80) $(0.01) $(0.03) $(0.30) $(3.14)

SOURCE Amicus Therapeutics
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