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Avanir Pharmaceuticals Reports Fiscal 2013 First Quarter Financial And Business Results
Date:2/7/2013

,9032,434,590Current portion of restricted investments in marketable securities 

1,054,4631,054,463Total current assets

69,295,25080,914,693Restricted investments in marketable securities, net of current portion

1,303,9381,302,136Property and equipment, net

1,789,1401,808,594Non-current inventories, net

908,364908,364Other assets

665,1591,078,009TOTAL ASSETS$  73,961,851$   86,011,796LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Accounts payable, accrued expenses and other liabilities

$  14,324,457$   15,598,666Deferred product revenues, net

--Current portion of note payble

4,949,9722,162,263Current portion of deferred royalty revenues

2,557,4642,557,464Total current liabilities

21,831,89320,318,393Accrued expenses and other liabilities, net of current portion

869,722666,179Note Payable

24,048,82526,698,263Deferred royalty revenues, net of current portion

1,017,2471,491,854Total liabilities

47,767,68749,174,689Total stockholders' equity

26,194,16436,837,107TOTAL LIABILITIES AND STOCKHOLDERS'  EQUITY$  73,961,851$   86,011,796 

 AVANIR PHARMACEUTICALS, INC.CONDENSED STATEMENT OF OPERATIONSThree Months Ended December 31,20122011REVENUESNet product sales

$  14,879,262$
5,488,763Revenues from royalties

1,626,0101,676,120Revenue from research grant services

15,000-Total revenues

16,520,2727,164,883OPERATING EXPENSESCost of product sales

838,129309,803Cost of research grant services

9,398-Research and development

6,648,0913,744,515Selling and marketing

13,522,41913,782,836General and administrative

6,538,4035,292,183Total operating expenses

27,556,44023,129,337Loss from operations(11,036,168)(15,964,454)OTHER INCOME (EXPENSE)Interest income

19,33114,291Interes
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SOURCE Avanir Pharmaceuticals, Inc.
Copyright©2012 PR Newswire.
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