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DURECT Corporation Announces Third Quarter 2010 Financial Results
Date:11/3/2010

.05)$
(0.07)$
(0.20)$
(0.26)Shares used in computing basic and diluted net loss per share

86,89282,78186,83282,317(1) Includes stock-based compensation related to the following:Cost of product revenues

$
83$
91$
253$
286Research and development

1,1511,6653,7185,273Selling, general and administrative

6917852,0232,820Total stock-based compensation

$
,925$
2,541$
5,994$
8,379DURECT CORPORATIONCONDENSED BALANCE SHEETS (in thousands)As ofAs ofSeptember 30, 2010December 31, 2009 (1)(unaudited)ASSETSCurrent assets:Cash and cash equivalents$
2,138$
8,287Short-term investments34,51832,834Short-term restricted investments66-Accounts receivable3,3111,700Inventories2,9642,799Prepaid expenses and other current assets1,6761,433Total current assets54,67347,053Property and equipment, net2,1143,808Goodwill6,3996,399Intangible assets, net76108Long-term investments 5,908-Long-term restricted Investments367431Other long-term assets288352Total assets$
9,825$
58,151LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Accounts payable$
599$
,019Accrued liabilities4,7095,337Contract research liability1,310990Deferred revenue, current portion8,0794,703Other short-term liabilities218208Total current liabilities14,91512,257Deferred revenue, noncurrent portion36,86817,543Other long-term liabilities344508Stockholders' equity17,69827,843Total liabilities and stockholders' equity$
9,825$
58,151(1)  Derived from audited financial statements.
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SOURCE DURECT Corporation
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