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BioMarin Announces Fourth Quarter and Full Year 2007 Financial Results

,000 54,223 127,633 178,869

Loss from operations (16,981) (9,369) (43,424) (57,288)

Equity in the income

of BioMarin/Genzyme

LLC 5,670 9,366 19,274 30,525

Interest income 3,951 7,383 12,417 25,932

Interest expense (2,957) (4,080) (13,411) (14,243)

Debt conversion

expense -- -- (3,315) --

Income (loss) before

income taxes (10,317) 3,300 (28,459) (15,074)

Provision for income

taxes 74 729 74 729

Net income (loss) $(10,391) $2,571 $(28,533) $(15,803)

Net income (loss)

per share, basic $(0.11) $0.03 $(0.34) $(0.16)

Net income (loss)

per share, diluted $(0.11) $0.03 $(0.34) $(0.16)

Shares used in per

share calculation

-- basic 91,552 96,931 84,582 95,878

Shares used in per

share calculation

-- diluted 91,552 101,193 84,582 95,878

(1) The following is the stock-based compensation expense included in the

respective captions of the consolidated statements of operations


Three Months Ended Year Ended

December 31, December 31,

2006 2007 2006 2007

Stock-based compensation


Cost of goods sold $-- $162 $-- $578

Research and development 1,364 2,211 4,242 6,978

Selling, general and

administrative 1,727 3,092 5,348 10,727


SOURCE BioMarin Pharmaceutical Inc.
Copyright©2008 PR Newswire.
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