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Trovagene, Inc., Announces Third Quarter and Year to Date Earnings, Provides Milestone Update
Date:11/14/2012

ne, Inc.858-952-7594858-952-7593szaniboni@trovagene.comacaterina@trovagene.com Selected Financial Information

Consolidated Condensed Statements of Operations

(unaudited)

 

(in thousands, except for per share amounts)Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2012201120122011Revenues$

211$

55


$

287$

224Operating expenses:  Research and development 5112011,326602  General and administrative 7395862,3761,721Total operating expenses1,2507873,7022,323Loss from operations(1,039)(732)(3,415)(2,099)Other income (expense)---(57)  Gain on extinguishment of debt-623-623  Change in fair value of derivative instruments - warrants 389118(1,824)541Net (loss) income and comprehensive  (loss) income$

(650)$

9$

(5,239)$

(992)  Preferred stock dividend(10)(10)(29)(29)Net loss available to common shareholders$

(660)$

(1)$

(5,268)$

(1,021)Basic and diluted net loss per share$

(0.05)$

 

(0.00)$

(0.42)$

 

(0.11)

Weighted average shares outstanding14,178 

10,01712,507 

9,401 Consolidated Condensed Balance Sheet Information

(in thousands)September 30,2012December 31,2011Cash and cash equivalents$

7,815$

700Other assets548316Property and equipment, net20823Total assets$

8,571$

1,039Accounts payable, accrued expenses and other liabilities$

758$

1,430Derivative financial instruments2,8383,840Stockholders' equity (deficiency)4,975(4,231)Total liabilities and stockholders' equity (deficiency)$

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SOURCE Trovagene, Inc.
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