Wednesday October 8 4:22 PM EDT
TABLE - Vivus Q3 results
MENLO PARK, Calif., Oct. 8 (Reuter) -
VIVUS, Inc.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Three Months Ended Nine Months Ended
September 30, September 30,
1997 1996 1997 1996
Net product sales
$ 39,118 $ - $ 100,367 $ -
Milestone revenue - 10,000 5,000 20,000
Net revenues 39,118 10,000 105,367 20,000
Cost of goods sold 11,270 - 28,920 -
Gross margin 27,848 10,000 76,447 20,000
Operating expenses:
Research and
development 3,947 5,462 7,914 23,007
Selling, general
and administrative 11,507 3,118 34,574 6,501
Total operating
expenses 15,454 8,580 42,488 29,508
Income (loss) from
operations 12,394 1,420 33,959 (9,508)
Interest and other
income 1,106 1,242 3,491 2,191
Income (loss) before
taxes 13,500 2,662 37,450 (7,317)
Income taxes 2,241 - 6,679 -
Net income (loss) 11,259 2,662 30,771 (7,317)
Net income (loss) per
common and equivalent
share 0.31 0.07(a) 0.86 (0.25)(a)
Shares used in the
computation of net
income (loss) per
share 35,772 35,636(a) 35,602 29,802 (a)
NOTE: (a) Prior period figures have been adjusted to reflect the 2 for 1 stock split which occurred in the second quarter of 1997. |
