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Questcor Reports 2010 Financial Results
Date:2/23/2011

;
  • The risk of product liability lawsuits;
  • Unforeseen business interruptions;
  • Volatility in Questcor's monthly and quarterly Acthar shipments and end-user demand, as well as volatility in our stock price; and
  • Other risks discussed in Questcor's annual report on Form 10-K for the year ended December 31, 2009, its quarterly report on Form 10-Q for the quarter ended September 30, 2010 and other documents filed with the Securities and Exchange Commission.

  • The risk factors and other information contained in these documents should be considered in evaluating Questcor's prospects and future financial performance.

    Questcor undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date of this release.

    For more information, please visit www.questcor.com or www.acthar.com.

    Questcor Pharmaceuticals, Inc.Consolidated Statements of Income

    (In thousands, except per share amounts)

    (unaudited)Three Months EndedDecember 31,Years EndedDecember 31,2010200920102009Net sales

    $  29,296

    $  25,905

    $  115,131

    $  88,320Cost of sales (exclusive of amortization of purchased technology)

    1,723

    1,898

    8,013

    7,017Gross profit

    27,573

    24,007

    107,118

    81,303Operating expenses:Selling, general and administrative

    13,556

    7,841

    41,798

    29,950Research and development

    3,066

    2,662

    10,934

    9,653Depreciation and amortization

    154

    121

    546

    480Total operating expenses

    16,776'/>"/>

    SOURCE Questcor Pharmaceuticals, Inc.
    Copyright©2010 PR Newswire.
    All rights reserved

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