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Aegerion Pharmaceuticals Announces First-Quarter 2013 Financial Results

Stocks in this article: AEGR

For additional disclosure regarding these and other risks we face, see the disclosure contained in the "Risk Factors" section of Aegerion's Annual Report on Form 10-K filed on March 18, 2013, and our other public filings with the Securities and Exchange Commission, available on the SEC's website at http://www.sec.gov . We undertake no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise.

Aegerion Pharmaceuticals, Inc. 
Condensed Consolidated Statements of Operations 
(Unaudited) 
     
  Three Months Ended March 31,
(In 000s) 2013 2012
Net product sales  $ 1,231  $ -- 
Cost of sales  183  -- 
Operating expenses:    
Selling, general and administrative  13,220 5,111
Research and development  5,775  4,635
Restructuring costs  1  831
Total operating expenses  18,996  10,577
     
Loss from operations  (17,948) (10,577)
Interest expense, net  (149) (286)
Other expense, net  (45) (802)
Net loss  $ (18,142)  $ (11,665)
Net loss per common share - basic and diluted  $ (0.64)  $ (0.55)
Weighted-average shares outstanding - basic and diluted  28,337  21,246
 
Aegerion Pharmaceuticals, Inc. 
Condensed Consolidated Balance Sheets 
(unaudited)
     
(In 000s) March 31, 2013 December 31, 2012
Cash, cash equivalents and marketable securities  $ 140,689  $ 82,177
Accounts receivable, net  763  -- 
Inventory  841  -- 
Prepaid expenses and other current assets  2,233  1,571
Restricted cash  105  105
Property and equipment, net  1,236  1,143
Other assets  93  93
Total assets  $ 145,960  $ 85,089
     
Accounts payable and accrued expenses  $ 8,732  $ 13,904
Current portion of long-term debt  3,578  3,022
Long-term debt  6,695  7,589
Other noncurrent liabilities  190  173
Total liabilities  19,195  24,688
Total stockholders' equity  126,765  60,401
Total liabilities and stockholders' equity  $ 145,960  $ 85,089
CONTACT: Aegerion Pharmaceuticals, Inc.
         Amanda Murphy
         Manager, Investor Relations
         (857) 242-5024

Aegerion Pharmaceuticals, Inc. Logo

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