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DURECT Corporation Announces First Quarter 2013 Financial Results and Update of Programs
Date:5/2/2013

penses

9,34810,375Income (loss) from operations

(5,195)30,810Other income (expense):Interest and other income

1421Interest and other expense

(2)(2)Net other income

1219Net Income (loss)

$ (5,183)$30,829Net income (loss) per shareBasic $   (0.05)$
.35Diluted$   (0.05)$
.35Weighted-average shares used in computing net income (loss) per shareBasic 101,88187,547Diluted101,88187,568Total comprehensive income (loss)

$ (5,181)$30,826 

 DURECT CORPORATIONCONDENSED BALANCE SHEETS (in thousands) As ofAs ofMarch 31, 2013December 31, 2012(1)(unaudited)ASSETSCurrent assets:Cash and cash equivalents$
8,250$
,195Short-term investments16,26117,337Accounts receivable1,5672,166Inventories3,0583,399Prepaid expenses and other current assets1,9492,258Total current assets31,08536,355Property and equipment, net2,2292,457Goodwill6,3996,399Intangible assets, net3136Long-term investments 716-Long-term restricted Investments300400Other long-term assets148288Total assets$
40,908$
45,935LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Accounts payable$
833$
,785Accrued liabilities3,5913,997Contract research liability423483Deferred revenue, current portion255662Total current liabilities5,1026,927Deferred revenue, noncurrent portion1,4871,480Other long-term liabilities7911,197Stockholders' equity33,52836,331Total liabilities and stockholders' equity$
40,908$
45,935(1)  Derived from audited financial statements.


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