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Favrille Provides Update on Timing of Analysis from Pivotal Phase 3 Clinical Trial; Reports Third Quarter 2007 Financial Results
Date:10/25/2007

STATEMENTS OF CASH FLOWS

(in thousands)

Unaudited

Nine Months ended

September 30,

2007 2006

Operating activities

Net loss $(35,247) $(30,265)

Adjustments to reconcile net loss to

net cash used in operating activities:

Depreciation and amortization 2,361 1,534

Stock-based compensation 3,530 2,898

Amortization of premium/discount on

short-term investments (401) (428)

Other 83 294

Changes in operating assets and liabilities:

Other assets (237) (635)

Accounts payable and accrued liabilities (437) 1,915

Deferred rent 1,216 3,313

Net cash used in operating activities (29,132) (21,374)

Investing activities

Purchases of property and equipment (8,983) (8,461)

Purchases of short-term investments (11,337) (48,735)

Maturities of short-term investments 38,599 40,098

Restricted cash - (1,901)

Net cash provided by (used in)

investing activities 18,279 (18,999)

Financing activities

Proceeds from debt 6,884 4,822

Payments on debt (4,356) (2,103)

Issuance of common stock and warrants 13,644 45,449


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SOURCE Favrille, Inc.
Copyright©2007 PR Newswire.
All rights reserved

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