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Array BioPharma Reports Financial Results For The First Quarter Of Fiscal 2014 And Announces ARRY-520 Development Strategy
Date:10/31/2013

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.

CONTACT:

Tricia Haugeto (303) 386-1193 thaugeto@arraybiopharma.com Array BioPharma Inc.Condensed Statements of Operations(Unaudited)(in thousands, except per share amounts)Three Months Ended
September 30,20132012RevenueLicense and milestone revenue$
,065$
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$
(15,680)$
(11,768)Weighted average shares outstanding - basic and diluted117,50992,606Net loss per share - basic and diluted$
(0.13)$
(0.13)Summary Balance Sheet Data(in thousands)September 30, 2013June 30, 2013Cash, cash equivalents and marketable securities$
23,721$
8,706Property, plant and equipment, gross$
88,734$
88,537Working capital$
82,290$
70,732Total assets$
52,645$
35,988Long-term debt, net$
,203$
99,021Stockholders' deficit$
(13,162)$
(21,909) 


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