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Repligen Reports Second Quarter Fiscal Year 2011 Financial Results

ORPORATIONSTATEMENTS OF OPERATIONS(Unaudited) Three months ended September 30, Six months ended September 30, 2010200920102009Revenue:Product revenue

4,415,786 $
2,741,578 $
8,684,598 $
5,214,168 Royalty and other revenue2,891,192 2,679,016 5,632,252 5,267,279 Total revenue7,306,978 5,420,594 4,316,850 ,481,447 Operating expenses:Cost of product revenue,471,561 918,464 2,737,311 2,188,938 Cost of royalty and other revenue376,991 341,057 748,733 58,803 Research and development3,119,279 3,478,845 5,814,327 ,861,845 Selling, general and administrative,812,617 ,888,619 3,600,854 3,405,975 Total operating expenses,780,448 ,626,985 2,901,225 3,115,561 Income (loss) from operations526,530 (1,206,391),415,625 (2,634,114)Investment income96,679 227,364 95,637 549,783 Interest expense-   (676)- (1,352)Income (loss) before income taxes23,209 (979,703),611,262 (2,085,683)Income tax (benefit) provision-   -   -   -   Net income (loss)

23,209 $
(979,703) $
,611,262 $
(2,085,683)Earnings (loss) per share:Basic

.02 $
(0.03) $
.05 $

.02 $
(0.03) $
.05 $
(0.07)Weighted average shares outstanding:Basic30,780,279 30,745,691 30,773,967 30,743,961 Diluted30,920,400 30,745,691 30,922,474 30,743,961 Balance Sheet Data:

September 30, 2010March 31, 2010Cash, cash equivalents and marketable securities*

59,691,183 $
59,146,447 Working capital,551,729 55,023,895 Total assets72,627,865 71,419,963 Long-term obligations20,149 42,447 Accumulated deficit(116,309,843)(117,921,105)Stockholders' equity8,262,408 ,120,376 *does not include restricted cashThis press release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements in this release do not const

SOURCE Repligen Corporation
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