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Avanir Pharmaceuticals Reports Fiscal 2013 Third Quarter Financial and Business Results
Date:8/6/2013

ese forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement, and the Company undertakes no obligation to revise or update any forward-looking statement to reflect events or circumstances after the issuance of this press release.AVANIR PHARMACEUTICALS, INC.CONDENSED CONSOLIDATED BALANCE SHEETSJune 30,September 30,20132012(unaudited)(audited)ASSETSCurrent assets:Cash and cash equivalents

$
55,021,932$
9,778,406Restricted cash and cash equivalents

765,268652,913Trade receivables, net

12,137,6037,231,759Inventories, net

599,666415,475Prepaid expenses and other current assets

1,870,5132,434,590Restricted short-term investment

-401,550Total current assets

70,394,98280,914,693Restricted long-term investments

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

1,614,0231,808,594Non-current inventories, net

849,266908,364Other assets

587,5281,078,009TOTAL ASSETS$
74,749,737$
86,011,796LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Accounts payable, accrued expenses and other liabilities

$
20,000,566$
5,598,666Current portion of note payble

5,088,8072,162,263Current portion of deferred royalty revenues

1,960,1122,557,464Total current liabilities

27,049,48520,318,393Accrued expenses and other liabilities, net of current portion

1,256,446666,179Note Payable

24,174,40726,698,263Deferred royalty revenues, net of current portion

-1,491,854Total liabilities

52,480,33849,174,689Total stockholders' equity

22,269,39936,837,107TOTAL LIABILITIES AND STOCKHOLDERS'  EQUITY$
74,749,737$
86,011,796AVANIR PHARMACEUTICALS, INC.CONDENSED STATEMENT OF OPERATIONSThree Months Ended June 30,Nine Months Ended June 30,2013201220132012REVENUESNet product sales

$<
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SOURCE Avanir Pharmaceuticals, Inc.
Copyright©2012 PR Newswire.
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