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

m operations(7,857)(7,957)(14,641)20,866Other income (expense):Interest income, net12343375Other income, net(21)(25)(20)(49)Net income (loss)$

(7,866)$

(7,948)$

(14,628)$

20,892Net income (loss) per share:Basic$

(0.23)$

(0.23)$

(0.43)$

0.61Diluted$

(0.23)$

(0.23)$

(0.43)$

0.61Number of shares used in per share calculations:Basic34,434,27134,183,70234,393,99834,160,018Diluted34,434,27134,183,70234,393,99834,264,428  METABOLIX, INC.CONDENSED CONSOLIDATED BALANCE SHEETUNAUDITED(in thousands)June 30,December 31,20132012AssetsCash, cash equivalents and short-term investments$

31,678$

43,773Inventory3,1963,204Other current assets2,0391,978Restricted cash619594Property and equipment, net1,0871,358Long-term investments-2,508Other assets9595Total assets$

38,714$

53,510Liabilities and Stockholders' EquityAccounts payable and accrued liabilities$

3,313$

4,752Short-term deferred revenue5291,067Current portion of deferred rent138165Other long-term liabilities137186Total liabilities4,1176,170Total stockholders' equity34,59747,340Total liabilities and stockholders' equity$

38,714$

53,510 METABOLIX, INC.CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWSUNAUDITED(in thousands)Six Months Ended June 30,20132012Cash flows from operating activitiesNet income (loss)$

(14,628)$

20,892Adjustments to reconcile net income (loss) to cash used in operating activities:Depreciation 531718Charge for 401(k) company common stock match268264Stock-based compensation1,6772,083Inventory impairment271-Changes in operating assets and liabilities:Inventory(263)(2,821)Deferred revenue(538)(38,562)Other operating assets and liabilities(1,612)(717)Net cash used in operating activities(14,294)(18,143)Cash flows from investing activitiesPurchase of property and equipment(270)(287)Change in restricted
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SOURCE Metabolix, Inc.
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