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KaloBios Announces Fiscal Year 2012 Financial Results

ding at December 31, 2012, and 2011, respectively; aggregate liquidation preference of $105,512 at December 31, 2012

102,02383,178Stockholders' deficit: Common stock, $0.001 par value: 80,000,000 shares  60,000,000 shares authorized at December 31, 2012, and 2011, respectively; 2,186,695 and 1,986,431 shares issued and outstanding at December 31, 2012, and 2011, respectively

22Additional paid-in capital 

3,3172,412Accumulated other comprehensive income (loss) 

4(1)Accumulated deficit 

(98,267)(74,758)Total stockholders' deficit 

(94,944)(72,345)Total liabilities, convertible preferred stock and stockholders' deficit 

9,347Consolidated Statements of OperationsYear Ended December 31, 2012 and 2011(in thousands, except share and per share information)(Unaudited)Year Ended December 31,20122011Contract revenue$
,098$   20,255Operating expenses:Research and development24,51918,512General and administrative5,0614,010Total operating expenses29,58022,522Loss from operations(23,482)(2,267)Other income (expense):Interest income (expense), net(140)43Other income (expense), net113(8)Net loss$ (23,509)$   (2,232)Basic and diluted net loss per common share$   (11.22)$
(1.15)Weighted average common shares outstanding used to calculate basic and diluted net loss per common share2,095,9501,933,672Stock based Compensation ExpenseYear Ended December 31, 2012 and 2011(in thousands)(Unaudited)Total stock-based compensation expense included in the consolidated statements of operations is as follows:Year Ended December 31,20122011Research and development$
28General and administrative42393Total stock-based compensation expense$

SOURCE KaloBios Pharmaceuticals, Inc.
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