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Cempra, Inc. Reports First Quarter 2013 Financial and Operating Results
Date:4/25/2013


Total current liabilities

5,827

5,345Long-term debt

6,930

7,623Total liabilities

$ 12,757

$ 12,968Commitments and contingenciesShareholders' Equity

Common stock; $.001 par value; 80,000,000 shares authorized and 24,903,774 shares issued and outstanding at December 31, 2012 and March 31, 2013

25

25Addition paid-in capital

179,961

178,971Accumulated deficit during the development stage

(131,570)

(121,226)Total shareholders' equity

48,416

57,770Total liabilities and shareholders' equity

$ 61,173

$ 70,738Condensed Consolidated Statements of Operations(unaudited; in thousands, except loss per share data)Three Months Ended March 312013

2012Revenues

$ -

$ -Operating expensesResearch and development

7,371

1,876General and administrative

2,647

972
Total operating expenses

10,018

2,848Loss from operations

(10,018)

(2,848)Other income (expense), net

(327)

(301)Net loss and comprehensive loss

(10,345)

(3,149)

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

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