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EpiCept Corporation Reports Third Quarter 2007 Operating and Financial Results

$3,691 $18,426

Accounts payable and other accrued

liabilities $5,590 $6,425

Deferred Revenue 6,859 7,121

Notes and loans payable 10,479 12,805

Total stockholders' deficit (20,577) (9,373)

Total liabilities and stockholders' deficit $3,691 $18,426

EpiCept Corporation and Subsidiaries


Selected Consolidated Statement of Operations Data

(in $000s except share and per share data)

Three Months Ended Nine Months Ended

September 30, September 30, September 30, September 30,

2007 2006 2007 2006

Revenue $46 $220 $304 $733

Operating expenses:

General and

administrative 2,360 2,497 9,008 11,776


and development 4,671 4,365 11,683 12,267

Acquired in-process


and development - (87) - (33,362)

Total operating

expenses 7,031 6,775 20,691 57,405

Loss from

operations (6,985) (6,555) (20,387) (56,672)

Other income (expense):

Interest income 23 67 88 270

Miscellaneous income - 50 - 100

Foreign exchange gain

(loss) 242 (10) 350 84

Interest expense (548) (420) (1,756) (5,591)

Reversal of contingent

interest expense - 994 - 994

Change in value of

warrants and

derivatives (437)

SOURCE EpiCept Corporation
Copyright©2007 PR Newswire.
All rights reserved

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