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SGX Pharmaceuticals Announces Financial Results for the Three and Nine Months Ended September 30, 2007
Date:11/13/2007

Months Ended Nine Months Ended

September 30, 2007 (1) September 30, 2006 (1)

Stock-based Reported Stock-based Reported

compensation GAAP compensation GAAP

non-GAAP expense results non-GAAP expense results

Net loss

attributable

to common

stockholders $(7,104) $(2,780) $(9,884) $(19,407) $(3,809) $(23,216)

Basic and

diluted net

loss per share

attributable

to common

stockholders $(0.46) $(0.18) $(0.65) $(1.46) $(0.29) $(1.74)

Research and

development

expenses $29,587 $1,410 $30,997 $33,754 $1,836 $35,590

General and

administrative

expenses $5,049 $1,370 $6,419 $5,447 $1,973 $7,420

SGX PHARMACEUTICALS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

(unaudited)

September 30, December 31,

2007 2006

Assets

Cash, cash equivalents and

short-term investments $21,429 $33,877

Accounts receivable 2,800 3,532

Other current assets 1,517 1,616

Property and equipment, net 4,162 5,435

Other assets 3,991 4,004

Total assets $33,899 $48,464

Liabilities and stockholder's

equity

Current liabilities $18,168 $21,762

Deferred revenue, long-term 8,681 13,023

Other liabilities, net of

current portion
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SOURCE SGX Pharmaceuticals
Copyright©2007 PR Newswire.
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