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Favrille Reports Fourth Quarter and Year End 2007 Financial Results
Date:2/19/2008

portion of debt 5,275 4,976

Warrants liability 2,492 -

Total current liabilities 11,318 11,755

Debt, less current portion 6,342 5,754

Deferred rent 15,415 10,145

Commitments and contingencies

Stockholders' equity:

Preferred stock, $0.001 par value 5,000,000

shares authorized; no shares issued

and outstanding at December 31, 2007 and 2006,

respectively - -

Common stock, $0.001 par value 75,000,000

shares authorized; 41,168,432 and 29,060,081

issued and outstanding at December 31, 2007

and 2006, respectively 41 29

Additional paid-in capital 233,807 200,497

Accumulated other comprehensive income 7 3

Deficit accumulated during the development

stage (198,975) (155,894)

Total stockholders' equity 34,880 44,635

Total liabilities and stockholders' equity $67,955 $72,289

FAVRILLE, INC.

(a development stage company)

STATEMENTS OF OPERATIONS

(in thousands, except share and per share data)

Three months ended

Years ended December 31, December 31,

2007 2006 2007 2006

(unaudited) (unaudited) (unaudited)

Operating expenses:

Research &

development $34,864 $31,050 $7,764 $7,680

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SOURCE Favrille, Inc.
Copyright©2008 PR Newswire.
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