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EpiCept Corporation Reports Third Quarter 2007 Operating and Financial Results
Date:11/4/2007

370 (715) 363

Other income

(expense), net (720) 1,051 (2,033) (3,780)

Net loss before

income taxes (7,705) (5,504) (22,420) (60,452)

Income taxes - - (4) -

Net loss (7,705) (5,504) (22,424) (60,452)

Deemed dividends

and redeemable

convertible

preferred stock

dividends - - - (8,963)

Loss attributable

to common

stockholders $(7,705) $(5,504) $(22,424) $(69,415)

Basic and diluted

loss per

common share $(0.20) $(0.22) $(0.66) $(2.94)

Weighted average

common shares

outstanding 37,599,333 24,525,026 34,152,187 23,633,883

EpiCept Corporation and Subsidiaries

(Unaudited)

Selected Consolidated Statement of Cash Flows Data

(in $000s)

Nine Months Ended

September 30, September 30,

2007 2006

Net cash used in operating activities $(19,108) $(19,796)

Net cash (used in) provided by investing

activities (131) 10,411

Net cash provided by financing activities 5,894 19,458

Effect of exchange rate changes on cash (4) (15)

Net (decrease) increase in cash and cash

equivalents (13,349) 10,058

Cash and cash equivalents at beginning of

period 14,097 403

Cash and cash equivalents at end of period $748 $10,461

EpiCept Cor
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SOURCE EpiCept Corporation
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