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Verenium Reports Financial Results For The Fourth Quarter And Year Ended December 31, 2012

cash, long term

03,200Property and equipment, net 

36,79815,611Other noncurrent assets 

676509Total assets 

73,272Accounts payable and accrued expenses

5,170Deferred revenue, current 

1,9294,137Other current liabilities 

428692Convertible notes

--34,851Long term debt,  at carrying value, net of current portion (face value of $25.2 million)

24,861--Long term lease financing obligation, net of current portion

22,0207,135Other long term liabilities 

6191,160Stockholders' equity 

30,65310,127Total liabilities and stockholders' equity 

73,272 Verenium CorporationUnaudited Supplemental and Non-GAAP Pro Forma Financial Information (in thousands, except per share amounts)The following unaudited supplemental and non-GAAP pro forma financial information is derived from the Company's condensed consolidated financial statements for the three and twelve months ended December 31, 2012 and 2011, as reported under GAAP. The Company believes that such supplemental and non-GAAP financial information is helpful to understand the results of operations of the business. Non-GAAP Pro Forma Income (Loss) From OperationsThree Months Ended

December 31,Year Ended

December 31,2012201120122011As Restated*As Restated* Income (loss) from operations

(6,186)Adjustments:  Gain on sale of oilseed processing business

----(31,278)--Restructuring charges

33302,943Non-GAAP pro forma loss from operations

(3,243) Non-GAAP Pro Forma Net Income (Loss) From Continuing Operations Three Months Ended

December 31,Year Ended

December 31,2012201120122011As Restated*As Restated* Net income (loss) from continuing operations ..

SOURCE Verenium Corporation
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