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Alimera Sciences Reports Third Quarter 2013 Financial Results
Date:11/11/2013

imera's underlying common stock since June 30, 2013, the unrealized foreign currency gain was primarily attributable to the strengthening of the euro and the British pound sterling over the third quarter of 2013. Adjusted net loss attributable to common shareholders excluding the non-cash warrant valuation adjustment and the unrealized foreign currency transaction gain was $(7.9) million, or $(0.26) per common share. Net loss attributable to common shareholders per share and adjusted net loss attributable to common shareholders per share were based on 31,591,289 weighted average shares outstanding for the third quarter of 2013 and 31,465,752 weighted average shares outstanding for the third quarter of 2012. A reconciliation of net loss attributable to common shareholders to adjusted net loss attributable to common shareholders and net loss per common share to adjusted net loss per common share is included below under the heading "Non-GAAP Financial Measures."

As of September 30, 2013, Alimera had cash and cash equivalents of $23.1 million, compared to $49.6 million as of December 31, 2012.

Interest Expense and Term LoanInterest expense decreased by approximately $230,000, or 37%, to approximately $400,000 for the nine months ended September 30, 2013 compared to approximately $630,000 for the nine months ended September 30, 2012. Interest expense for the nine months ended September 30, 2013 was incurred in connection with Alimera's 2010 Term Loan and its 2013 Term Loan. Interest expense for the nine months ended September 30, 2012 was incurred in connection with Alimera's 2010 Term Loan. The decrease was primarily attributable to lower principal balances on the 2010 Term Loan due to amortization payments, which began in August 2011, and the lower interest rate on the 2013 Term Loan in comparison to the 2010 Term Loan.

Conference Call to be Held TodayAlimera will hold a conference call today at 4:30 PM ET to discuss these results and provide
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SOURCE Alimera Sciences, Inc.
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