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Interleukin Genetics Reports Third Quarter 2010 Financial Results
Date:11/11/2010

te these forward-looking statements.INTERLEUKIN GENETICS, INC.FINANCIAL HIGHLIGHTSBalance Sheet Data :   September 30,   December 31,20102009(Unaudited)Cash and cash equivalents

$
5,202,022$
906,248Total current assets

$
5,823,257$
,315,991Total assets$
7,138,868$
3,069,463Total current liabilities

$
,665,153$
,834,091Total liabilities$
2,665,153$
8,834,091Total shareholders' deficit

$
(5,526,285)$
(5,764,628)Total liabilities  and shareholders' deficit

$
7,138,868$
3,069,463Statement of Operations Data (Unaudited):Three Months Ended September 30, Nine Months Ended September 30, 2010200920102009Revenue:Genetic testing service revenue

$
531,151$
9,309$
,460,601$
352,130Contract research revenue

-198,203-520,935Other13,5935,37025,80520,274Total revenue544,744322,8821,486,406893,339Cost of revenue

409,010305,3031,254,033912,150Gross profit (loss)

135,73417,579232,373(18,811)Operating costs and expenses:Research and development

427,407873,1951,428,5232,628,943Selling, general and administrative

1,058,0621,660,2353,840,8064,473,860Amortization of intangibles

28,86328,86386,59086,590Total operating expenses

1,514,3322,562,2935,355,9197,189,393Loss from operations

(1,378,598)(2,544,714)(5,123,546)(7,208,204)Total other income and (expense), net

(63,545)(40,219)(177,371)(98,458)Loss from continuing operations before income taxes(1,442,143)(2,584,933)(5,300,917)(7,306,662)Income taxes----Loss from continuing operations

$
(1,442,143)$
(2,584,933)$
(5,300,917)$
(7,306,662)Income (loss) from discontinued operations, net of  income taxes-40,661482,530(1,405,214)Net loss$
(1,442,143)$
(2,544,272)$
(4,818,387)$
(8,711,876)Basic and diluted net loss per common share from:Continuing operations

$
(0.04)$
(0.08)($0.15)($0.23)Discontinued operations

0.000.
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SOURCE Interleukin Genetics, Inc.
Copyright©2010 PR Newswire.
All rights reserved

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