Bluegreen, I thought i would be able to figure out Raptiva sales from the earnings release. wow, how little I knew. I am so smart, I knew the share of net profits would not show up contract revenue, So I looked at other income. It's not there! It's not anywhere. So what can I say except I'm so glad I'm short some shares, because I owe them to a family member.
Three months
ended
March 31,
--------------------
2004 2003
-------- --------
Revenues:
License and collaborative fees $ 155 $ 1,155
Contract and other revenue 15 2,009
-------- --------
Total revenues 170 3,164
-------- --------
Operating costs and expenses:
Research and development 13,015 12,836
General and administrative 3,935 3,306
Collaboration arrangement (benefit) 3,238 (255)
-------- --------
Total operating costs and expenses 20,188 15,887
-------- --------
Loss from operations (20,018) (12,723)
Other income (expense):
Investment and interest income 194 113
Interest expense (340) (486)
Other income (expense) (4) 2
-------- --------
Net loss $(20,168) $(13,094)
======== ========
Basic and diluted net loss per common share $ (0.24) $ (0.18)
======== ========
Shares used in computing basic and diluted net
loss per common share 84,171 71,843
======== ========
Amounts derived from the Company's audited financial statements
appearing in the Annual Report on Form 10-K for the year ended
December 31, 2003 as filed with the Securities and Exchange
Commission.
------------------------------------------------------------------------
Contact:
XOMA Ltd.
Laura Zobkiw, 510-204-7200 (Corp. Comm./IR)
Peter Davis, 510-204-7200 (CFO) |
