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Halozyme Therapeutics Reports Fourth Quarter and Year End 2010 Financial Results
Date:3/11/2011

penses

21,456,29119,120,09167,881,74772,129,565OPERATING LOSS

(17,883,767)(12,676,198)(54,257,632)(58,458,260)OTHER INCOME (EXPENSE):Other income (expense)

972,806-966,967(3,010)Interest income, net

17,28711,34649,015100,747Total other income, net

990,09311,3461,015,98297,737NET LOSS

$ (16,893,674)$ (12,664,852)$ (53,241,650)$ (58,360,523)Basic and diluted net loss per share

$
(0.17)$
(0.14)$
(0.56)$
(0.67)Shares used in computing basic and dilutednet loss per share

100,337,07591,488,38894,357,69586,700,094Halozyme Therapeutics, Inc.Condensed Consolidated Balance SheetsDecember 31,December 31,20102009ASSETSCurrent assets:Cash and cash equivalents

$   83,255,848$   67,464,506Accounts receivable

2,328,2684,243,909Inventory

193,4221,159,551Prepaid expenses and other assets

3,720,8961,573,777Total current assets

89,498,43474,441,743Property and equipment, net

1,846,8992,708,016Total Assets

$   91,345,333$   77,149,759LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Accounts payable

$
3,820,368$
2,820,491Accrued expenses

8,605,5696,083,854Deferred revenue

2,917,1295,492,604Total current liabilities

15,343,06614,396,949Deferred revenue, net of current portion

55,176,42254,989,588Deferred rent, net of current portion

474,389859,833Stockholders' equity:Common stock

100,58191,682Additional paid-in capital

245,502,670178,821,852Accumulated deficit

(225,251,795)(172,010,145)Total stockholders' equity

20,351,4566,903,389Total Liabilities and Stockholders' Equity

$   91,345,333$   77,149,759
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SOURCE Halozyme Therapeutics, Inc.
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