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Discovery Labs Reports Third Quarter 2012 Financial Results
Date:11/8/2012

re reform; and other risks and uncertainties described in Discovery Labs' filings with the Securities and Exchange Commission including the most recent reports on Forms 10-K, 10-Q and 8-K, and any amendments thereto.Condensed Consolidated Statement of Operations
(in thousands, except per share data) 

Three Months EndedNine Months EndedSeptember 30,September 30(unaudited)(unaudited)2012201120122011Revenue from collaborative arrangement and
grants
$
8211;$
8211;$
8211;$
582Operating expenses: (1)Research and development5,7433,98115,48213,216Selling, general and administrative4,2552,1899,9125,975Total expenses9,9986,17025,39419,191Operating loss(9,998)(6,170)(25,394)(18,609)Change in fair value of common stock warrant liability (1)(3,309)1,422(5,063)1,957Other income / (expense), net(39)(3)(43)(12)Net loss $
(13,346)$
(4,751)$
(30,500)$
(16,664)Net loss per common share$
(0.31)$
(0.20)$
(0.80)$
(0.75)Weighted avg. common shares outstanding43,44424,10638,06122,104(1) Material non-cash items include the change in fair value of certain outstanding warrants accounted for as derivative liabilities, and in operating expenses, depreciation and stock-based compensation. For the three and nine months ended September 30, 2012, the charges for depreciation and stock-based compensation were $0.8 million ($0.4 million in R&D and $0.4 million in S,G&A) and $2.1 million ($1.2 million in R&D and $0.9 million in S,G&A), respectively. For the three and nine months ended September 30, 2011, the charges for depreciation and stock-based compensation were $0.5 million ($0.4 million in R&D and $0.1 million in S,G&A) and $1.5 million ($1.1 million in R&D and
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SOURCE Discovery Laboratories, Inc.
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