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Alexza Reports 2012 Second Quarter Financial Results and Provides Business Update
Date:8/8/2012

Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.ALEXZA PHARMACEUTICALS, INC.
(a development stage company)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
(unaudited)Three Months EndedSix Months EndedJune 30,June 30,2012201120122011Revenue

$
728$
,258$
2,612$
2,517Operating expenses:Research and development

5,0106,66410,04212,926General and administrative

2,9042,7354,1495,555Total operating expenses

7,9149,39914,19118,481Loss from operations

(7,186)(8,141)(11,579)(15,964)Loss on change in fair value of contingent

consideration liability

200(300)1,200(300)Interest and other income/ (expense), net

409740817Interest expense

(380)(572)(813)(1,174)Net loss

(6,957)(9,006)(10,784)(17,421)Basic and diluted net loss per share

$
(0.58)$
(1.34)$
(1.03)$
(2.74)ALEXZA PHARMACEUTICALS, INC.
(a development stage company)
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
(unaudited)June 30,December 31,20122011(1)ASSETSCurrent assets: Cash, cash equivalents and marketable securities

$
8,526$
,903Restricted cash

7,847-Other current assets

52210,649Total current assets

26,89527,552Property and equipment, net

17,87520,425Other noncurrent assets

615628Total assets

$
45,385$
48,605LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITYTotal current liabilities

$
21,216$
34,948Noncurrent liabilities

20,84723,349Total stockholders' (deficit) equity

3,322(9,692)Total liabilities and stockholders' (deficit) equity

$
45,385$
48,605(1) Derive
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SOURCE Alexza Pharmaceuticals, Inc.
Copyright©2012 PR Newswire.
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