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Onyx Pharmaceuticals Reports Third Quarter and Nine-Month 2008 Financial Results
Date:11/6/2008

) and non-GAAP diluted net income (loss) per

share, both of which exclude the impact of employee stock-based

compensation expense. The foregoing table reconciles these non-GAAP

measures to the most comparable financial measures calculated in

accordance with GAAP.

Our management uses these non-GAAP financial measures to monitor and

evaluate our operating results and trends on an on-going basis and

internally for operating, budgeting and financial planning purposes. Our

management excludes the effects of employee stock-based compensation

because of varying available valuation methodologies, subjective

assumptions and the variety of award types; such exclusion facilitates

comparisons of our operating results to our peer companies. Our management

believes the non-GAAP information is useful for investors by offering them

the ability to better identify trends in our business and better

understand how management evaluates our business.

These non-GAAP measures have limitations, however, because they do not

include all items of income and expense that affect Onyx. The non-GAAP

financial measures we use are not prepared in accordance with, and should

not be considered in isolation of, or as an alternative to, measurements

required by GAAP.


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SOURCE Onyx Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
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