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Array BioPharma Reports Financial Results For The First Quarter Of Fiscal 2014 And Announces ARRY-520 Development Strategy

in-license drug candidates for their product pipelines and to collaborate with and fund third parties on their drug discovery activities; our ability to out-license our proprietary candidates on favorable terms; and our ability to attract and retain experienced scientists and management. We are providing this information as of October 31, 2013. We undertake no duty to update any forward-looking statements to reflect the occurrence of events or circumstances after the date of such statements or of anticipated or unanticipated events that alter any assumptions underlying such statements.


Tricia Haugeto (303) 386-1193 Array BioPharma Inc.Condensed Statements of Operations(Unaudited)(in thousands, except per share amounts)Three Months Ended
September 30,20132012RevenueLicense and milestone revenue$
2,476Collaboration revenue4,1633,357Total revenue14,22815,833Operating expensesCost of partnered programs10,6586,539Research and development for proprietaryprograms11,70413,534General and administrative5,1794,780Total operating expenses27,54124,853Loss from operations(13,313)(9,020)Other income (expense)Interest income1611Interest expense(2,383)(2,759)Total other expense, net(2,367)(2,748)Net loss$
(11,768)Weighted average shares outstanding - basic and diluted117,50992,606Net loss per share - basic and diluted$
(0.13)Summary Balance Sheet Data(in thousands)September 30, 2013June 30, 2013Cash, cash equivalents and marketable securities$
8,706Property, plant and equipment, gross$
88,537Working capital$
70,732Total assets$
35,988Long-term debt, net$
99,021Stockholders' deficit$

SOURCE Array BioPharma
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