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Metabolix Announces Second Quarter 2014 Financial Results
Date:8/6/2014

zed during the second quarter of 2013. Cost of product revenue was $0.8 million during the quarter ended June 30, 2014 compared with $1.2 million for the comparable period in 2013.

Research and development expenses were $4.5 million for the second quarter of 2014, compared with $4.9 million for the same period in 2013. Selling, general and administrative expenses were $3.2 million and $3.4 million for the second quarters of 2014 and 2013, respectively.

For the first half of 2014, the Company reported a net loss of $15.4 million, or $0.44 per share, compared with a net loss of $14.6 million, or $0.43 per share, for the first half of 2013.

Total revenue during the first six months of 2014 was $2.2 million, compared with $3.6 million for the comparable period in 2013. Cost of product revenue was $1.5 million during the six months ended June 30, 2014, compared with $1.8 million for the comparable period in 2013.

Research and development expenses were $9.4 million during the first six months of 2014, compared with $9.8 million for the same period in 2013. Selling, general and administrative expenses were $6.8 million for the six-month period ended June 30, 2014 compared with $6.7 million for the first six months of 2013. 

The Company's net cash used in operating activities during the first half of 2014 was $13.8 million, which represents a decrease in cash used for operating activities from cash use of $14.3 million for the comparable period in 2013. 

Conference Call Information Metabolix management will host a conference call today at 4:30 p.m. (ET) to discuss the results of the second quarter. The Company also will provide an update on the business and answer questions from the investment community. A live webcast of the call with slides can be accessed through the Company's website at http://www.metabolix.com in the investor relations section. To participate in the call, dial
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SOURCE Metabolix, Inc.
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