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Avanir Pharmaceuticals Reports Fiscal 2013 Third Quarter Financial and Business Results

24,681,209Revenues from royalties

714,374487,4233,239,5133,062,058Revenue from research grant services

--15,000-Total revenues

19,758,66210,537,99653,713,12227,743,267OPERATING EXPENSESCost of product sales

1,077,736563,5272,849,2911,407,675Cost of research grant services

--78,488-Research and development

6,053,6846,831,20621,576,07316,970,876Selling and marketing

16,005,75012,694,85545,589,57741,291,705General and administrative

7,031,6155,160,41420,548,70215,799,587Total operating expenses

30,168,78525,250,00290,642,13175,469,843Loss from operations(10,410,123)(14,712,006)(36,929,009)(47,726,576)OTHER INCOME (EXPENSE)Interest income

10,1837,89044,57930,063Interest expense

(1,024,462)(326,098)(3,142,952)(326,098)Other, net

(228)-(31)4,081Loss before provision for income taxes(11,424,630)(15,030,214)(40,027,413)(48,018,530)Provision for income taxesNet loss and comprehensive loss$
(48,018,530)Basic and diluted net loss per share$
(0.36)Basic and diluted weighted average number of common shares outstanding 

145,244,796135,825,005140,388,237132,391,195Avanir Investor & Media Contact
Ian Clements, PhD
+1 (949) 389-6700

SOURCE Avanir Pharmaceuticals, Inc.
Copyright©2012 PR Newswire.
All rights reserved

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