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Pharmasset Reports Fiscal First Quarter 2009 Financial Results
Date:2/9/2009

---- ---- REVENUES $464,291 $464,291 -------- -------- COSTS AND EXPENSES: Research and development 14,022,930 10,550,371 General and administrative 4,069,370 2,619,745 --------- --------- Total costs and expenses 18,092,300 13,170,116 ---------- ---------- OPERATING LOSS (17,628,009) (12,705,825) INVESTMENT INCOME 109,524 896,402 INTEREST EXPENSE (756,912) (363,176) -------- -------- LOSS BEFORE INCOME TAXES (18,275,397) (12,172,599) PROVISION FOR INCOME TAXES - - --- --- NET LOSS $(18,275,397) $(12,172,599) ============ ============ COMPREHENSIVE NET LOSS: NET LOSS $(18,275,397) $(12,172,599) UNREALIZED GAIN (LOSS) ON AVAILABLE-FOR-SALE INVESTMENTS 1,089 - ----- --- COMPREHENSIVE NET LOSS $(18,274,308) $(12,172,599) ============ ============ NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS PER SHARE: BASIC $(0.78) $(0.57) DILUTED $(0.78) $(0.57) WEIGHTED AVERAGE SHARES OUTSTANDING: BASIC 23,369,487 21,263,668 DILUTED 23,369,487 21,263,668
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SOURCE Pharmasset, Inc.
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