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Micromet, Inc. Reports Third Quarter 2008 Financial Results
Date:11/6/2008

(In thousands, except par value)

September December

30, 31,

2008 2007

(unaudited)

Assets

Current assets:

Cash and cash equivalents $15,936 $27,066

Accounts receivable 1,939 4,689

Prepaid expenses and other current

assets 1,670 2,579

Total current assets 19,545 34,334

Property and equipment, net 3,704 4,390

Goodwill 6,462 6,462

Patents, net 5,918 7,680

Other long-term assets 264 196

Restricted cash 3,169 3,190

Total assets $39,062 $56,252

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $1,085 $2,334

Accrued expenses 5,748 4,765

Common stock warrants liability 12,733 5,219

Other liabilities 433 520

Current portion of long-term debt

obligations - 2,401

Current portion of deferred revenue 5,026 3,360

Total current liabilities 25,025 18,599

Deferred revenue, net of current portion 7,842 8,366

Other non-current liabilities
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SOURCE Micromet, Inc.
Copyright©2008 PR Newswire.
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