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Alimera Sciences Reports First Quarter 2013 Financial Results
Date:5/9/2013

d by the cautionary statements contained or referred to herein. Alimera cautions investors not to rely too heavily on the forward-looking statements Alimera makes or that are made on its behalf. These forward-looking statements speak only as of the date of this press release (unless another date is indicated). Alimera undertakes no obligation, and specifically declines any obligation, to publicly update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.

 Income Statement (in thousands, except share and per share data) Three Months Ended March 31,20132012(Unaudited)RESEARCH AND DEVELOPMENT EXPENSES

$

2,023$

1,581GENERAL AND ADMINISTRATIVE EXPENSES

2,6701,434SALES AND MARKETING EXPENSES

3,5631,113OPERATING EXPENSES

8,2564,128INTEREST INCOME

11INTEREST EXPENSE

(135)(234)CHANGE IN FAIR VALUE OF DERIVATIVE WARRANT LIABILITY

(5,594)—NET LOSS

$

(13,984)$

(4,361)NET LOSS PER SHARE APPLICABLE TO COMMON

SHAREHOLDERS — Basic and diluted

$

(0.44)$

(0.14)WEIGHTED AVERAGE SHARES OUTSTANDING — Basic and diluted

31,545,56931,427,355 

 

Reconciliation of GAAP Net Loss to Adjusted Net Loss(in thousands, except share and per share data)  Three Months Ended March 31,20132012(Unaudited)GAAP NET LOSS

$

(13,984)$

(4,361)Adjustments to net loss:Change in fair value of derivative warrant liability(5,594)—NON-GAAP ADJUSTED NET LOSS

$

(8,390)$

(4,361)GAAP NET LOSS PER SHARE — Basic and diluted

$

(0.44)$

(0.14)Adjustments to net loss:Change in fair value of derivative warrant liability(0.17)—NON-GAAP ADJUSTED NET LOSS PER SHARE— Basic and diluted

$

(0.27)$

(0.14)WEIGHTED AVERAGE SH
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SOURCE Alimera Sciences, Inc.
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