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Halozyme Therapeutics Reports Third Quarter 2011 Financial Results
Date:11/7/2011

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(858) 704-8272
kgustafson@halozyme.comHalozyme Therapeutics, Inc.Condensed Consolidated Statements of Operations(unaudited)Three Months EndedNine Months EndedSeptember 30, September 30, 2011201020112010REVENUES:Product sales

$  1,156,903$
98,100$  1,487,822$
95,440Revenues under collaborative agreements

21,785,5253,298,40752,187,4479,356,151Total revenues

22,942,4283,396,50753,675,26910,051,591OPERATING EXPENSES:Cost of product sales

11,7237,214201,67596,413Research and development

13,514,35212,448,86542,647,26535,840,475Selling, general and administrative

4,263,5203,374,06912,237,15210,488,568Total operating expenses

17,789,59515,830,14855,086,09246,425,456OPERATING INCOME (LOSS)

5,152,833(12,433,641)(1,410,823)(36,373,865)Interest and other income, net

12,36024,06556,58625,889NET INCOME (LOSS)

$  5,165,193$ (12,409,576)$ (1,354,237)$ (36,347,976)Net income (loss) per share:Basic

$
.05$
(0.13)$
(0.01)$
(0.39)Diluted

$
.05$
(0.13)$
(0.01)$
(0.39)Shares used in computing net income (loss)  per share:Basic

103,223,35293,626,893102,282,90492,342,665Diluted

105,009,18993,626,893102,282,90492,342,665Halozyme Therapeutics, Inc.Condensed Consolidated Balance SheetsSeptember 30, December 31,20112010(unaudited)ASSETSCurrent assets:Cash and cash equivalents$
,329,358$   83,255,848Accounts receivable6,237,9042,328,268Inventory103,443193,422Prepaid expenses and other assets4,297,8143,720,896Total current assets76,968,51989,498,434Property and equipment, net1,274,7531,846,899Total Assets$
78,243,272$   91,345,333LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Accounts payable$
,219,905$
3,820,368Accrued expenses8,864,7058,605,569Deferred revenue3,707,7952,917,129Total current liabilities13,792,40515,343,066Deferred revenue, net of current portion36,6
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SOURCE Halozyme Therapeutics, Inc.
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