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ISTA Pharmaceuticals Reports Third Quarter 2010 Financial Results
Date:11/2/2010

d Statements of Operations(In thousands, except per share data)(unaudited)Three Months EndedNine Months EndedSeptember 30,September 30,2010200920102009Revenues:Product sales, net

$
42,020$
29,080$  105,393$
73,309License revenue

-2,917-3,055Total revenues

42,02031,997105,39376,364Cost of products sold

9,6787,30425,17118,647Gross profit margin

32,34224,69380,22257,717Costs and expenses:Research and development

7,9456,25717,77919,643Selling, general and administrative

19,61413,18760,38338,874Total costs and expenses

27,55919,44478,16258,517Income (loss) from operations

4,7835,2492,060(800)Other (expense) income:Interest expense

(2,081)(2,779)(6,225)(6,494)Gain on derivative valuation

1173191301,158Gain (loss) on warrant valuation

(26,338)(3,396)7,159(50,703)Other, net

3(310)3(336)Total other (expense) income, net

(28,299)(6,166)1,067(56,375)Net (loss) income  

$
(23,516)$
(917)$
3,127$   (57,175)Net (loss) income per common share, basic

$
(0.70)$
(0.03)$
.09$
(1.72)Shares used in computing net (loss) income per common share, basic

33,48333,25133,41833,210Net (loss) income per common share, diluted

$
(0.70)$
(0.03)$
.07$
(1.72)Shares used in computing net (loss) income per common share, diluted

33,48333,25142,93933,210ISTA Pharmaceuticals, Inc.Summary of Balance Sheet Data(In thousands)(unaudited)September 30,December 31,20102009Cash

$
7,213$
53,702Working capital

8,80829,113Total assets

112,17589,144Current portion of Facility Agreement

21,450-Facility Agreement, net of current portion

37,99457,438Total stockholders' deficit

(71,838)(78,028)Web Site: http://www.istavision.com


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SOURCE ISTA Pharmaceuticals, Inc.
Copyright©2010 PR Newswire.
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