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MiddleBrook Pharmaceuticals Reports Third Quarter 2008 Financial Results

- -

Common stock, $0.01 par value; 225,000

shares authorized, and 86,420 and

46,749 shares issued and outstanding at

September 30, 2008 and December 31, 2007,

respectively 864 467

Capital in excess of par value 306,743 189,019

Accumulated deficit (225,303) (195,334)

Accumulated other comprehensive income 37 -

Total stockholders' equity (deficit) 82,341 (5,848)

Total liabilities, noncontrolling

interest and stockholders' equity

(deficit) $102,457 $23,666

MiddleBrook Pharmaceuticals, Inc.

Condensed Consolidated Statements of Cash Flows

(Amounts in thousands, except per share amounts)(unaudited)

Nine Months Ended September 30,

2008 2007

Cash flows from operating activities:

Net loss $(29,969) $(33,198)

Adjustments to reconcile net income to

net cash in operating activities:

Loss attributable to noncontrolling

interest (485) -

Depreciation and amortization 5,850 3,447

Change in fair value of warrants 6,714 -

Stock-based compensation 1,256 1,972

Deferred rent and credit on lease

concession (223) (48)

Amortization of premium on marketable

securities (30) (69)

Loss on disposal of fixed as

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

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