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Alexza Reports 2007 Year-End Financial Results and Updates Clinical Pipeline Status
Date:3/17/2008

1,411

Interest expense (266) - (266)

Loss before non-controlling

interest in Symphony Allegro,

Inc. (16,273) 1,378 (14,895)

Loss attributed to

non-controlling interest

in Symphony Allegro, Inc. 3,100 - 3,100

Net loss $(13,173) $1,378 $(11,795)

Basic and diluted net loss per

share $(0.42)

Shares used to compute basic

and diluted net loss per share 31,097

[1] Reflects operating results in accordance with U.S. generally accepted

accounting principles (or GAAP).

[2] Represents share-based compensation expense.

[3] Non-GAAP amounts exclude share-based compensation expense.

Alexza Pharmaceuticals, Inc.

(a development stage company)

Condensed Consolidated Statements of Operations

(unaudited, in thousands except per share data)

Three Months Ended

December 31, 2006

GAAP [1] Difference [2] Non-GAAP [3]

Revenue $- $- $-

Operating expenses

Research and development 10,514 (522) 9,992

General and administrative 3,339 (288) 3,051

Total operating expenses 13,853 (810) 13,043

Loss from operations (13,853) 810 (13,043)

Interest and other income, net 658 - 658

Interest expense (132) - (132)

Loss before non-controlling

interest in Symphony Alleg
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SOURCE Alexza Pharmaceuticals, Inc.
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