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ISTA Pharmaceuticals Reports Third Quarter 2008 Financial Results
Date:10/30/2008

40,196 29,288

Operating expenses:

Research and

development 7,766 8,355 25,053 20,920

Selling, general, and

administrative 13,198 11,043 40,150 35,100

Total operating expenses 20,964 19,398 65,203 56,020

Loss from operations (5,097) (7,730) (25,007) (26,732)

Interest (expense)/

income, net (2,276) (441) (3,780) (1,633)

Net loss $(7,373) $(8,171) $(28,787) $(28,365)

Net loss per common share,

basic and diluted $(0.22) $(0.25) $(0.87) $(1.00)

Shares used in computing

net loss per common share,

basic and diluted 33,037 32,284 33,018 28,521

ISTA Pharmaceuticals, Inc.

Summary of Consolidated Balance Sheets Data

(in thousands)

(unaudited)

September 30,2008 December 31,2007

Cash and short-term investments $22,105 $46,140

Restricted cash 0 2,400

Working capital 2,641 32,686

Total assets 52,337 71,716

Total stockholders' deficit (18,143) (1,308)


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SOURCE ISTA Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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