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(4,946)$
(4,185)(1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with our financial statements prepared in accordance
(2) All share-based compensation was excluded for the non-GAAP Analysis.
(3) Due to the below market interest rate of the related party loan, total GAAP interest expense includes non-cash interest expense of $299 for the three months ended June 30, 2009.
(4) Represents a one-time French withholding tax on the $11,000 upfront payment from Servier.Pharmacyclics, Inc.
(a development stage enterprise)
Reconciliation of selected GAAP measures to non-GAAP measures (1)
(unaudited) (in thousands)Year EndedJune 30,20102009GAAP net loss$
(15,024)$
(23,447)Adjustments: Celera Corporation Payment (2)-1,000 Research & Development stock-based compensation (3)
1,998738 General & Administrative stock-based compensation (3)
1,1922,555 Interest Adjustment for related party loan (4)21549 Withholding Tax (5)(550)5502,6615,392 License and collaboration revenues (6)(1,211)-(1,211)-Non-GAAP net loss$
(13,574)$
(18,055)(1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with our financial statements prepared in accordance
(2) Includes a one time payment of $1,000 to Celera Corporation as part of the Servier License Agreement.
(3) All share-based compensation was excluded for the non-GAAP Analysis.
(4) Due to the below market interest rate of the related party loan, total GAAP interest expense includes non-cash interest expense of $21 and $549 for the twelve months ended June 30, 2010 and
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