Historical Earnings
FLAMEL TECHNOLOGIES S.A. CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts in thousands of dollars except share data)| Year ended December 31, | ||||||
|---|---|---|---|---|---|---|
| 2002 | 2003 | 2004 | 2005 | 2006 | ||
| Revenue: | ||||||
| License and research revenue | 14,593 | 20,978 | 50,893 | 20,825 | 20,263 | |
| Product sales and services | 2,865 | 3,411 | 3,755 | 1,757 | 2,083 | |
| Other revenues | 948 | 778 | 762 | 1,016 | 674 | |
| Total revenue | 18,406 | 25,167 | 55,410 | 23,598 | 23,020 | |
| Costs and expenses: | ||||||
| Cost of goods and services sold | (2,373) | (3,676) | (3,602) | (2,525) | (6,250) | |
| Research and development | (12,239) | (20,223) | (35,359) | (47,301) | (38,233) | |
| Selling, general and administrative | (4,017) | (5,967) | (7,614) | (14,541) | (17,375) | |
| Total costs and expenses | (18,629) | (29,866) | (46,575) | (64,367) | (61,858) | |
| Profit / (Loss) from operations | (223) | (4,699) | 8,835 | (40,769) | (38,838) | |
| Interest income / (expense), net | 248 | 163 | 607 | 3,603 | 1,987 | |
| Foreign exchange gain (loss) | (99) | (1,019) | (244) | 500 | (599) | |
| Other income - | 2,526 | 1,128 | 100 | 5,003 | 131 | |
| Income (loss) before income taxes | 2,452 | (4,427) | 9,298 | (31,663) | (37,319) | |
| Income tax benefit (expense) | 553 | 503 | 3,201 | 4,286 | 2,118 | |
| Net income (loss) | 3,005 | (3,924) | 12,499 | (27,377) | (35,201) | |
| Earnings (loss) per share | ||||||
| Basic earnings (loss) per ordinary share | $ 0.19 | $(0.22) | $ 0.58 | $ (1.19) | $ (1.48) | |
| Diluted earnings (loss) per share | $ 0.18 | $(0.22) | $ 0.53 | $ (1.19) | $ (1.48) | |
| Weighted average number of shares outstanding (in thousands): | ||||||
| Basic | 16,198 | 17,762 | 21,514 | 22,999 | 23,812 | |
| Diluted | 16,711 | 17,762 | 23,559 | 22,999 | 23,812 | |