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Questcor Reports First Quarter Financial Results
Date:4/30/2013

- basic

$
.79

$
.64Share-based compensation expense (1)

(0.07)

(0.02)Depreciation and amortization expense (2)

(0.03)

(0.00)Interest expense associated with contingent consideration (3)

(0.00)

—Compensation expense associated with BV Trust (4)

(0.00)

—Foreign currency transaction loss (5)

(0.01)

—Tax adjustments (6)

(0.01)Impairment of purchased technology (7)

(0.01)

—Net income per share - basic

$
.68

$
.61Adjusted net income per share - diluted

$
.76

$
.61Share-based compensation expense (1)

(0.07)

(0.02)Depreciation and amortization expense (2)

(0.02)

(0.00)Interest expense associated with contingent consideration (3)

(0.00)

—Compensation expense associated with BV Trust (4)

(0.00)

—Foreign currency transaction loss (5)

(0.01)

—Tax adjustments (6)

(0.00)Impairment of purchased technology (7)

(0.01)

—Net income per share - diluted

$
.65

$
.58Net sales - Questcor

$
26,771

$
95,968Net sales - BioVectra

8,358

—Consolidated net sales

$
35,129

$
95,968Net income per share – basic and diluted may not foot due to rounding. Use of Non-GAAP Financial Measures Our "non-GAAP adjusted net income" excludes the following items from GAAP net income: 1. Share-based compensation expense.2. Depreciation and amortization expense, including amortization expense on our purchased intangibles.3. Interest expense associated with the net present value adjustment on our contingent consideration.4.  Compensation expense associated with the BV Trust agreement.5.  Foreign currency transa
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SOURCE Questcor Pharmaceuticals, Inc.
Copyright©2012 PR Newswire.
All rights reserved

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