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Repligen Reports Fourth Quarter and Fiscal Year 2009 Financial Results
Date:6/11/2009

N STATEMENTS OF OPERATIONS (Unaudited) Three months ended March 31, Year ended March 31, 2009 2008 2009 2008 Revenue: Product revenue $2,557,655 $3,136,577 $14,528,916 $18,587,376 Royalty and other revenue 2,036,100 164,200 14,832,605 708,905 Total revenue 4,593,755 3,300,777 29,361,521 19,296,281 Operating expenses: Cost of product revenue 1,341,874 1,303,054 5,685,577 6,160,245 Cost of royalty and other revenue 269,745 - 1,091,297 - Research and development 4,644,799 2,357,696 12,771,573 7,240,812 Selling, general and administrative 1,552,871 3,504,362 5,933,090 10,173,400 Net gain from litigation settlement - - - (40,170,000) Total operating expenses 7,809,289 7,165,112 25,481,537 (16,595,543) Income (loss) from operations (3,215,534) (3,864,335) 3,879,984 35,891,824 Investment income 374,816 668,480 1,895,706 2,051,258 Interest expense (676) (1,744) (2,963) (9,097) Income (loss) before income taxes (2,841,394) (3,197,599) 5,772,727 37,933,985 Income tax (benefit) provision (148,156) - 26,699 827,471 Net income (loss) $(2,693,238) $(3,197,599) $5,746,028 $37,106,514 Earnings (loss) per share: Basic $(0.09) $(0.10) $0.19 $1.20 Diluted $(0.09) $(0.10) $0.18 $1.18 Weighted average shares outstanding: Basic 30,697,818 31,064,4
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