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Vanda Pharmaceuticals Reports Third Quarter 2010 Results
Date:11/3/2010

tely 28.0 million shares of Vanda common stock were outstanding as of September 30, 2010. Basic and diluted net income per common share for the third quarter of 2010 was $0.11, compared to basic and diluted net income per common share of $0.05 and $0.04, respectively, for the second quarter of 2010 and basic and diluted net loss per common share of $0.28 for the third quarter of 2009. Year-to-date September 30, 2010 Key Financial Figures(1)  YTD 9/30/10($)YTD 9/30/09($)  Change ($)Change (%)Total revenues

27,957,000

-

27,957,000

N/A R&D expenses

8,516,000

11,621,000

(3,105,000)

-27%G&A expenses

7,385,000

14,479,000

(7,094,000)

-49%Employee non-cash stock-based compensation

3,530,000

8,320,000

(4,790,000)

-58%Net income (loss) before tax provision

8,336,000

(26,621,000)

34,957,000

-131%Tax provision

3,343,000

-

3,343,000

N/A Net income (loss)  

4,993,000

(26,621,000)

31,614,000

-119%Basic and diluted net income per share attributable to common stockholders

0.18

(0.99)

1.17

-118%Third Quarter 2010 Key Financial Figures(1)Q3 2010 ($)Q2 2010 ($)  Change ($)Change (%)Total revenues

7,246,000

8,290,000

(1,044,000)

-13%R&D expenses

4,072,000

2,404,000

1,668,000

69%G&A expenses

2,054,000

2,842,000

(788,000)

-28%Employee non-cash stock-based compensation

797,000

1,644,000

(847,000)

-52%Net income before tax provision

899,000

1,242,000

(343,000)

-28%Tax benefit

(2,285,000)

(38,000)

(2,247,000)

N/A Net income

3,184,000

1,279,000

1,905,000

149%Basic net income per share attributable to common stockholders'/>"/>

SOURCE Vanda Pharmaceuticals Inc.
Copyright©2010 PR Newswire.
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