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Maxygen Reports Third Quarter 2007 Financial Results
Date:11/1/2007

36,750 36,025

Condensed Consolidated Balance Sheets

(in thousands)

September 30, December 31,

2007 2006

(unaudited) (Note 1)

Cash, cash equivalents and

marketable securities $157,074 $182,876

Receivables, prepaid and other assets 3,547 7,317

Property and equipment, net 2,949 3,262

Goodwill and other intangibles, net 12,192 12,192

Total assets $175,762 $205,647

Other liabilities $13,095 $10,255

Total deferred revenue -- 5,593

Stockholders' equity 162,667 189,799

Total liabilities and stockholders' equity $175,762 $205,647

Note 1: Derived from consolidated audited financial statements as of

December 31, 2006.

Footnotes

(A) Reconciliation of GAAP and non-GAAP loss and loss per common share (in

thousands, except per share amounts)

Three Months Ended Nine Months Ended

September 30, September 30,

2007 2006 2007 2006

Net loss $(14,704) $(10,717) $(38,041) $(24,822)

Stock compensation expense 1,665 1,804 5,232 4,950

Non-GAAP net loss $(13,039) $(8,913) $(32,809) $(19,872)

Shares used in computing

Non-GAAP basic and

diluted net loss per share 36,872 36,078 36,750 36,025

Non-GAAP basic
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SOURCE Maxygen, Inc.
Copyright©2007 PR Newswire.
All rights reserved

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