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Avanir Pharmaceuticals Reports Fiscal 2013 Second Quarter Financial and Business Results

,009TOTAL ASSETS$  85,710,685$   86,011,796LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Accounts payable, accrued expenses and other liabilities

$  20,734,658$   15,598,666Current portion of note payable

7,812,0142,162,263Current portion of deferred royalty revenues

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

31,104,13620,318,393Accrued expenses and other liabilities, net of current portion

1,073,265666,179Note Payable

21,325,05526,698,263Deferred royalty revenues, net of current portion

117,0221,491,854Total liabilities

53,619,47849,174,689Total stockholders' equity

32,091,20736,837,107TOTAL LIABILITIES AND STOCKHOLDERS'  EQUITY$  85,710,685$   86,011,796 AVANIR PHARMACEUTICALS, INC.CONDENSED STATEMENT OF OPERATIONSThree Months Ended March 31,Six Months Ended March 31,2013201220132012REVENUESNet product sales

$  16,535,059$
9,141,873$   31,414,321$   14,630,636Revenues from royalties

899,129898,5152,525,1392,574,635Revenue from research grant services

--15,000-Total revenues

17,434,18810,040,38833,954,46017,205,271OPERATING EXPENSESCost of product sales

933,426534,3451,771,555844,148Cost of research grant services

69,090-78,488-Research and development

8,874,2986,395,15515,522,38910,139,670Selling and marketing

16,061,40814,814,01329,583,82728,596,850General and administrative

6,978,6845,346,99113,517,08710,639,173Total operating expenses

32,916,90627,090,50460,473,34650,219,841Loss from operations(15,482,718)(17,050,116)(26,518,886)(33,014,570)OTHER INCOME (EXPENSE)Interest income

15,0657,88234,39622,173Interest expense

(1,059,245)-(2,118,490)-Other, net

197751974,081Loss before provision for income taxes(16,526,701)(17,042,159)(28,602,783)(32,988,316)Provision for income taxesNet loss and comprehensiv

SOURCE Avanir Pharmaceuticals, Inc.
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