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Human Genome Sciences Announces Second Quarter 2008 Financial Results and Key Developments
Date:7/30/2008

e.

HUMAN GENOME SCIENCES, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

Three months ended Six months ended

June 30, June 30,

2008 2007 2008 2007

(dollars in thousands, except share

and per share amounts)

Revenue -- R&D contracts $11,567 $9,007 $23,842 $18,270

Costs and expenses:

Research and development(a) 67,455 49,385 140,009 96,564

General and

administrative(b) 14,332 13,159 30,343 25,128

Lease termination and

restructuring credits - (3,673) - (3,673)

Total costs and expenses 81,787 58,871 170,352 118,019

Income (loss) from operations (70,220) (49,864) (146,510) (99,749)

Net investment income

(expense) (3,970) (1,405) (7,114) (2,549)

Gain on sale of long-term

equity investment - - 32,518 -

Income (loss) before taxes (74,190) (51,269) (121,106) (102,298)

Provision for income taxes - - - -

Net income (loss) $(74,190) $(51,269) $(121,106) $(102,298)

Net income (loss) per share,

basic and diluted $(0.55) $(0.38) $(0.90) $(0.76)

Weighted average shares

outstanding,

basic & diluted 135,341,265 134,239,831 135,310,548 134,136,177

(a) Includes stock-based compensation expense of $2,733 ($0.02 per share) and $3,380 ($0.03 per share) for the three months ended June 30, 2008 and 2007, respectively. Includes stock-based compensation expense of $5,234 ($0.04 per share) and $6,350 ($0
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SOURCE Human Genome Sciences, Inc.
Copyright©2008 PR Newswire.
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