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

Weighted average

number of shares

outstanding: 13,235,755 13,235,755

Table 5

Amicus Therapeutics, Inc.

Reconciliation of GAAP to non-GAAP Measures for the

Statement of Operations Information for Year Ended December 31, 2006


(In thousands, except share and per share amounts)


in Fair

Value of Preferred

Non- Warrant Stock Deemed Stock GAAP as

GAAP Liability Accretion Dividend Compensation Reported

Income Statement


Research and

development $(31,924) $- $- $- $(1,706) $(33,630)

General and

administrative (10,733) (1,544) (12,277)

Depreciation and

amortization (952) (952)

Interest income 1,990 1,990

Interest expense (273) (273)

Change in fair

value of warrant

liability - (23) (23)

Other expense (1,180) (1,180)

Preferred stock

accretion - (159) (159)

Deemed dividend - (19,424) (19,424)


Net loss: $(43,072) $(23) $(159) $(19,424) $(3,250) $(65,928)

Net loss per

share - basic

and diluted: $(58.52) $(0.03) $(0.22) $(26.39) $(4.42) $(89.58)

Weighted average

number of shares

outstanding: 735,967 735,967 '/>"/>

SOURCE Amicus Therapeutics
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