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CuraGen Reports Third Quarter 2007 Financial Results
Date:10/25/2007

092) (2,991) (1,495)

Gain on sale of subsidiary - - 78,352 -

Net (loss) income from

discontinued operations - (1,092) 75,361 (1,495)

Net (loss) income ($9,898) ($15,880) $27,969 ($44,043)

Basic and diluted net loss per

share from continuing operations ($0.18) ($0.27) ($0.85) ($0.77)

Basic and diluted net (loss)

income per share from

discontinued operations - (0.02) 1.35 (0.03)

Basic and diluted net (loss)

income per share ($0.18) ($0.29) $0.50 ($0.80)

Weighted average number of shares

used in computing basic and

diluted net (loss) income per

share 55,965 54,932 55,699 54,784

SELECTED BALANCE SHEET INFORMATION

September 30, December 31,

2007 2006

(unaudited)

Cash and investments (excluding

restricted cash) $139,217 $164,393

Restricted cash 14,366 -

Working capital 147,630 95,985

Total assets 158,497 227,294

Convertible subordinated debentures 109,391 176,228

Total long-term liabilities 110,499 111,174

Accumulated deficit 485,003 512,972

Stockholders' equity 39,678 8,767


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SOURCE CuraGen Corporation
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