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Avanir Pharmaceuticals Reports Fiscal 2013 Fourth Quarter Financial and Year-End Business Results

84,186908,364Other assets

554,4521,078,009TOTAL ASSETS$
86,011,796LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Accounts payable, accrued expenses and other liabilities

5,598,666Current portion of note payble

7,942,9452,162,263Current portion of deferred royalty revenues

1,288,5142,557,464Total current liabilities

34,792,21520,318,393Accrued expenses and other liabilities, net of current portion

1,393,075666,179Note Payable

21,422,16326,698,263Deferred royalty revenues, net of current portion

-1,491,854Total liabilities

57,607,45349,174,689Total stockholders' equity


 AVANIR PHARMACEUTICALS, INCCONDENSED STATEMENT OF OPERATIONSThree Months Ended September 30,Twelve Months Ended September 30,2013201220132012REVENUESNet product sales

$  20,233,418$  12,393,358$  70,692,027$  37,074,567Revenues from royalties

1,214,1941,138,4484,453,7074,200,506Revenue from research grant services

205,150-220,150-Total revenues

21,652,76213,531,80675,365,88441,275,073OPERATING EXPENSESCost of product sales

1,153,012712,5464,002,3032,120,221Cost of research grant services

68,943-147,431-Research and development

27,930,1266,095,16149,506,19923,066,037Selling and marketing

17,612,19911,171,70463,201,77652,463,409General and administrative

9,386,1736,228,00029,934,87522,027,587Total operating expenses

56,150,45324,207,411146,792,58499,677,254Loss from operations(34,497,691)(10,675,605)(71,426,700)(58,402,181)OTHER INCOME (EXPENSE)Interest income

7,33512,75251,91442,815Interest expense

(954,894)(1,059,244)(4,097,846)(1,385,342)Other, net

--(31)4,081Loss before provision for income taxes(35,445,250)(11,722,0

SOURCE Avanir Pharmaceuticals, Inc.
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