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Ceres Announces Fiscal Year 2013 Financial Results
Date:11/21/2013

07)Income tax expense

—(2)(1)(3)Net loss 

$
(7,331)$
(6,623)$   (32,511)$
(29,410)Basic and diluted net loss per share

$
(0.29)$
(0.27)$
(1.31)$
(2.18)Basic and diluted weighted average outstanding common shares used for net loss per share

24,886,14025,509,94024,796,03013,488,336CERES, INC. AND SUBSIDIARYCondensed Consolidated Balance Sheets (In thousands, except share amounts)August 31,August 31,20132012AssetsCurrent assets:Cash and cash equivalents 

$
8,881$
21,069Marketable securities

21,63033,565Prepaid expenses 

7911,050Accounts receivable

957765Inventories

20841Other current assets 

157278Total current assets 

32,43657,568Property and equipment, net 

4,6335,756Marketable securities

—5,720Other assets 

109203Total long-term assets

4,74211,679Total assets 

$
37,178$
9,247Liabilities and Stockholders' EquityCurrent liabilities:Accounts payable and accrued expenses 

$
3,825$
5,476Deferred revenue

—701Deferred rent

1831Current portion of long-term debt 

154134Total current liabilities 

3,9976,342Deferred rent

9388Long-term debt, net of current portion 

82256Total liabilities 

4,1726,686Commitments and contingenciesStockholders' equity:Common stock, $0.01 par value; 490,000,000 shares authorized; 24,897,199 shares issued and outstanding at August 31, 2013; 24,549,029 shares issued and outstanding at August 31, 2012.

248245Additional paid-in capital

308,038304,672Accumulated other comprehensive loss 

(696)(283)Accumulated deficit 

(274,584)(242,073)Total stockholders' equity 

33,00662,561Total liabilities and stockholders' equity 

$
37,178$
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SOURCE Ceres, Inc.
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