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Unilife Corporation Announces Financial Results for Fiscal Year 2012 Second Quarter
Date:2/9/2012

d adjusted net income (loss) per share provides useful information because these measures enhance its own evaluation, as well as investor's understanding, of the Company's core operating and financial results.  Non-GAAP financial measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, GAAP results.  A reconciliation of net income (loss) to adjusted net income (loss) is included in the attached table.

General: UNIS-G Investor Contacts (US):Analyst EnquiriesInvestor Contacts (Australia)Todd Fromer / Garth Russell

Lynn Piper

Jeff CarterKCSA Strategic Communications

Westwicke Partners

Unilife CorporationP: + 1 212-682-6300

P: + 1 415-202-5678

P: + 61 2 8346 6500 (Tables Below)UNILIFE CORPORATION AND SUBSIDIARIESConsolidated Balance Sheets(in thousands, except per share amounts)(unaudited)AssetsDecember  31, 2011June 30, 2011Current Assets:Cash and cash equivalents

$
39,305$
7,910Restricted cash

2,4002,400Accounts receivable

36213Inventories

685626Prepaid expenses and other current assets

307381Total current assets

43,05921,330Property, plant and equipment, net

53,82654,020Goodwill

12,75213,265Intangible assets, net

3742Other assets

1,027821Total assets

$
,701$
89,478Liabilities and Stockholders' EquityCurrent Liabilities:Accounts payable

$
2,225$
2,405Accrued expenses

2,4112,696Current portion of long-term debt

5,2762,274Deferred revenue

2,7022,706Total current liabilities

12,61410,081Long-term debt, less current portion

25,74320,413Deferred revenue

3,8975,412Total liabilities

42,25435,906Stockholders' Equity:Preferred stock, $0.01 par value, 50,000,000 shares authorized as of December 31, 2011;
 none issued or outstanding as of Decembe
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1. Unilife Corporation to Announce Financial Results for Fiscal 2012 Second Quarter on Thursday, February 9, 2012
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