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Arena Pharmaceuticals Provides Corporate Update and Reports First Quarter 2013 Financial Results

idend related to beneficial conversion feature of convertible preferred stock

0(2,824)Net loss allocable to common stockholders

$(18,876)$(29,401)Net loss per share allocable to common stockholders:Basic


(0.18)Shares used in calculating net loss per share allocable to common stockholders:Basic


217,503164,213 Arena Pharmaceuticals, Inc.Condensed Consolidated Balance Sheet Data(In thousands)March 31, 2013December 31, 2012(unaudited)1Assets  Cash & cash equivalents

$ 136,250$ 156,091  Accounts receivable

1,4845,556  Inventory

7,1796,058  Prepaid expenses & other current assets

3,7563,454  Land, property & equipment, net

73,86975,417  Acquired technology & other non-current assets

14,11914,630Total assets

$ 236,657$ 261,206Liabilities & Stockholders' Equity  Accounts payable & accrued liabilities

$   9,036$   10,210  Total deferred revenues

61,78162,735  Total derivative liabilities

11,18315,042  Total lease financing obligations & other long-term liabilities

74,23574,580  Total stockholders' equity

80,42298,639Total liabilities & stockholders' equity

$ 236,657$ 261,2061 The Condensed Consolidated Balance Sheet Data has been derived from the audited financial statements as of that date.

SOURCE Arena Pharmaceuticals, Inc.
Copyright©2012 PR Newswire.
All rights reserved

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