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Repros Therapeutics Inc.(R) Reports Second Quarter 2012 Financial Results

Total revenues and other income decreased to zero for the three month period ended June 30, 2012 as compared to $1,000 for the same period in the prior year. Total revenue and other income was $1,000 for both six month periods ended June 30, 2012 and 2011. The decrease for the three month period ended June 30, 2012 was primarily due to a decrease of $1,000 in interest income.

As of June 30, 2012, we had 14,833,989 shares of common stock outstanding.

About Repros Therapeutics Inc. ®

Repros Therapeutics focuses on the development of small molecule drugs for major unmet medical needs that treat male and female reproductive disorders.

The Repros Therapeutics Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7738

Any statements made by the Company that are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including the ability to raise additional needed capital on a timely basis in order for it to continue to fund development of its Androxal ® and Proellex ® programs, have success in the clinical development of its technologies, the reliability of interim results to predict final study outcomes, and such other risks which are identified in the Company's most recent Annual Report on Form 10-K and in any subsequent quarterly reports on Form 10-Q. These documents are available on request from Repros Therapeutics or at www.sec.gov . Repros disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For more information, please visit the Company's website at http://www.reprosrx.com .

REPROS THERAPEUTICS INC. AND SUBSIDIARY
(A DEVELOPMENT STAGE COMPANY)
         
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited and in thousands except per share amounts)
         
  Three Months Ended June 30, Six Months Ended June 30,
  2012 2011 2012 2011
         
Revenues and other income        
Interest income  $ --   $ 1  $ 1  $ 1
Total revenues and other income  --   1  1  1
         
Expenses        
Research and development  2,178  2,267  3,644  3,747
General and administrative  922  1,418  1,896  2,053
Total expenses  3,100  3,685  5,540  5,800
         
Net loss  $ (3,100)  $ (3,684)  $ (5,539)  $ (5,799)
         
Net loss per share - basic and diluted  $ (0.21)  $ (0.30)  $ (0.38)  $ (0.50)
         
Weighted average shares used in loss per share calculation:        
Basic  14,826  12,296  14,404  11,598
Diluted  14,826  12,296  14,404  11,598
         
         
  CONDENSED CONSOLIDATED BALANCE SHEETS  
         
    June 30, 2012 December 31, 2011  
         
         
  Cash and cash equivalents  $ 9,939  $ 4,565  
  Other currents assets  245  99  
  Fixed assets (net)  37  15  
  Other assets (net)  1,727  1,385  
  Total assets  $ 11,948  $ 6,064  
         
  Accounts payable and accrued expenses   $ 1,440  $ 1,398  
  Stockholders' equity  10,508  4,666  
  Total liabilities and stockholders' equity  $ 11,948  $ 6,064  
         
         
CONTACT: Joseph S. Podolski
         Chief Executive Officer
         (281) 719-3447

         Investor Relations: Thomas Fechtner
         The Trout Group
         (646) 378-2931

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Stock quotes in this article: RPRX 

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