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Questcor Reports 2010 Financial Results

  • 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.

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    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)




    7,017Gross profit




    81,303Operating expenses:Selling, general and administrative




    29,950Research and development




    9,653Depreciation and amortization




    480Total operating expenses


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