Verenium Reports Financial Results for the Third Quarter and Nine Months Ended Septembe... (231 Condensed Cons...)

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Verenium Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2007

Date:11/6/2007

231

Condensed Consolidated Balance Sheet

(in thousands)

September 30, December 31,

2007 2006

(unaudited) (audited)

Cash, cash equivalents and

short-term investments $87,621 $51,912

Accounts receivable 9,158 8,646

Other current assets 8,476 6,476

Property and equipment, net 57,045 12,418

Goodwill 106,384 --

Other assets 5,921 453

Total assets $274,605 $79,905

Current liabilities, excluding

deferred revenue $29,745 $21,199

Deferred revenue, current portion 4,307 5,395

Convertible notes payable 120,000 --

Other long-term liabilities 6,404 10,395

Stockholders' equity 114,149 42,916

Total liabilities and stockholders' equity $ 274,605 $79,905

SOURCE Verenium Corporation
Copyright©2007 PR Newswire.
All rights reserved

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