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Halozyme Reports First Quarter 2013 Financial Results


10,324,9467,252,768Total revenues

11,833,5407,440,179OPERATING EXPENSES:Cost of product sales

738,97170,761Research and development

22,034,43715,891,109Selling, general and administrative

7,555,9056,618,707Total operating expenses

30,329,31322,580,577OPERATING LOSS

(18,495,773)(15,140,398)Investment and other income

54,98821,217Interest expense

(847,584)-NET LOSS

$ (19,288,369)$ (15,119,181)Basic and diluted net loss per share

(0.14)Shares used in computing basic and diluted

net loss per share

112,416,792107,589,514 Halozyme Therapeutics, Inc.Condensed Consolidated Balance Sheets(Unaudited)March 31,December 31,20132012ASSETSCurrent assets:Cash and cash equivalents

$   39,017,804$   99,501,264Marketable securities, available-for-sale

48,408,220-Accounts receivable, net


2,737,3872,670,696Prepaid expenses and other assets

10,571,33412,752,888Total current assets

111,110,478130,627,935Property and equipment, net

3,975,0523,700,462Prepaid expenses and other assets

1,280,765-Restricted cash

500,000400,000Total Assets

$ 116,866,295$ 134,728,397LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Accounts payable 

2,271,689Accrued expenses

9,177,5747,783,447Deferred revenue, current portion

6,326,1588,891,017Current portion of long-term debt

1,362,055-Total current liabilities

19,750,58118,946,153Deferred revenue, net of current portion

34,318,48134,954,966Long-term debt, net

28,323,23329,661,680Lease financing obligation

1,450,0001,450,000Deferred rent, net of current portion

906,091861,879Other long term liability

436,849-Stockholders' equity:Common stock

113,143112,709Additional pa

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

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