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Halozyme Therapeutics Reports 2008 Second Quarter Financial Results
Date:8/8/2008

1,031,007 1,251,649 1,754,114

NET LOSS $(11,002,390) $(4,801,707) $(20,956,387) $(8,159,011)

Basic and diluted

net loss per share $(0.14) $(0.07) $(0.27) $(0.11)

Shares used in

computing net

loss per share,

basic and

diluted 79,454,496 73,217,967 78,923,520 71,610,380

HALOZYME THERAPEUTICS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

AS OF JUNE 30, 2008 AND DECEMBER 31, 2007

June 30, December 31,

2008 2007

(unaudited)

ASSETS:

Cash and cash equivalents $82,410,139 $97,679,085

Accounts receivable 1,160,990 779,825

Inventory 649,254 703,468

Prepaid expenses and other assets 1,895,820 2,014,680

Total current assets 86,116,203 101,177,058

Property and equipment, net 2,439,765 2,283,316

Total Assets $88,555,968 $103,460,374

LIABILITIES AND STOCKHOLDERS' EQUITY:

Accounts payable $2,814,512 $3,055,637

Accrued expenses 3,338,896 2,502,259

Deferred revenue 3,255,461 3,306,225

Total current liabilities 9,408,869 8,864,121

Deferred revenue, net of current portion 38,376,170 35,963,266

Deferred rent, net of current portion 1,116,892 865,063

Stockholders' Equity:

Common stock 80,099 77,904

Additional paid-in capital 125
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SOURCE Halozyme Therapeutics, Inc.
Copyright©2008 PR Newswire.
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