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Metabolix Announces Second Quarter 2013 Financial Results
Date:7/31/2013

. The forward-looking statements in this release do not constitute guarantees of future performance. Investors are cautioned that statements in this press release which are not strictly historical statements, including, without limitation, statements regarding the Company's PHA product portfolio, expected future financial results and cash requirements; market expectations; projected sales of Metabolix biopolymers; Metabolix's biopolymer production and commercial strategy; expectations relating to supply for the Company's PHA products including potential manufacturing sites; expectations for the commercialization of the Company's industrial chemicals and crops program; and future research and development, constitute forward-looking statements. Such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated, including the risks and uncertainties detailed in Metabolix's filings with the Securities and Exchange Commission, including its 10-K for the year ended December 31, 2012 filed on March 28, 2013. Metabolix assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.

(FINANCIAL TABLES FOLLOW)METABOLIX, INC.CONDENSED CONSOLIDATED STATEMENT OF OPERATIONSUNAUDITED(in thousands, except share and per share data)Three Months EndedSix Months EndedJune 30,June 30,2013201220132012Revenue:Revenue from termination of ADM collaboration$

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38,885Grant revenue5844611,308839Product revenue8223731,611387Research and development revenue238-618-License fee and royalty revenue6289111134Total revenue1,7069233,64840,245Costs and expenses:Cost of product revenue1,1964371,753492Research and development expenses4,9455,0069,80211,051Selling, general, and administrative expenses3,4223,4376,7347,836Total costs and expenses9,5638,88018,28919,379Income (loss) fro
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SOURCE Metabolix, Inc.
Copyright©2012 PR Newswire.
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