|
FLAMEL TECHNOLOGIES S.A. CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts in thousands of dollars except share data)
| |
Year ended December 31, |
| |
2004 |
2005 |
2006 |
2007 |
2008 |
2009 |
| Revenue: |
| License and research revenue |
50,893 |
20,825 |
20,263 |
10,307 |
13,247 |
20,815 |
| Product sales and services |
3,755 |
1,757 |
2,083 |
19,768 |
13,549 |
11,871 |
| Other revenues |
762 |
1,016 |
674 |
6,579 |
11,823 |
9,432 |
| Total revenue |
55,410 |
23,598 |
23,020 |
36,654 |
38,619 |
42,118 |
| Costs and expenses: |
| Cost of goods and services sold |
(3,602) |
(2,525) |
(6,250) |
(17,320) |
(9,621) |
(10,118) |
| Research and development |
(35,359) |
(47,301) |
(38,233) |
(43,557) |
(29,269) |
(30,416) |
| Selling, general and administrative |
(7,614) |
(14,541) |
(17,375) |
(16,626) |
(12,911) |
(13,337) |
| Total costs and expenses |
(46,575) |
(64,367) |
(61,858) |
(77,503) |
(51,801) |
(53,871) |
| |
| Profit / (Loss) from operations |
8,835 |
(40,769) |
(38,838) |
(40,849) |
(13,182) |
(11,753) |
| |
| Interest income / (expense), net |
607 |
3,603 |
2,022 |
1,691 |
1,414 |
425 |
| Foreign exchange gain (loss) |
(244) |
500 |
(599) |
(454) |
3 |
(83) |
| Other income (loss) |
100 |
5,003 |
131 |
197 |
181 |
(28) |
| |
| Income (loss) before income taxes
| 9,298 |
(31,663) |
(37,319) |
(39,431) |
(11,584) |
(11,439) |
| |
| Income tax benefit (expense) |
3,201 |
4,286 |
2,118 |
1,694 |
(500) | - |
-
| Net income (loss) |
12,499 |
(27,377) |
(35,201) |
(37,737) |
(12,084) |
(11,439) |
| |
| Earnings (loss) per share |
| Basic earnings (loss) per ordinary share |
$ 0.58 |
$ (1.19) |
$ (1.48) |
$ (1.57) |
$ (0.50) |
$ (0.47) |
| Diluted earnings (loss) per share |
$ 0.53 |
$ (1.19) |
$ (1.48) |
$ (1.57) |
$ (0.50) |
$ (0.47) |
| |
| Weighted average number of shares outstanding (in thousands): |
| Basic |
21,514 |
22,999 |
23,812 |
24,024 |
24,082 | 24,255 |
| Diluted |
23,559 |
22,999 |
23,812 |
24,024 |
24,082 | 24,255 |
|
Historical Earnings
