Athena Neurosciences Inc. Reports Financial Results for First Quarter.SOUTH SAN FRANCISCO South San Francisco, city (1990 pop. 54,312), San Mateo co., W Calif.; inc. 1908. South San Francisco has several industrial parks; its manufactures include medical supplies and equipment, foods, paint, paper products, consumer goods, and clothing. , Calif.--(BUSINESS WIRE)--April 25, 1996-- Athena Athena (əthē`nə), or Pallas Athena (păl`əs), in Greek religion and mythology, one of the most important Olympian deities. Neurosciences Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ATHN) reported a 25 percent increase in revenue for the first quarter ended March 31, 1996 to $14.8 million from $11.8 million for the same period of 1995. For the first quarter of 1996, product sales and service revenue increased $3.5 million or 36 percent, over the first quarter of 1995. This increase was partially offset by a decrease in contract revenue of $0.5 million. The net loss for the first quarter of 1996 was $3.7 million, or $0.13 per share, compared to a net loss of $11.4 million, or $0.50 per share, in the first quarter of 1995. The results for the first quarter of 1995 included non-recurring charges totaling $5.1 million, or $0.22 per share, related to the acquisition of certain in-process technology and product rights, together with expenses resulting from the Company's acquisition by merger with Athena Diagnostics (1) Software routines that test hardware components (memory, keyboard, disks, etc.). Diagnostics are often stored in ROM chips and activated on startup. (2) Error messages in a programmer's source code that refer to statements or syntax that the compiler or assembler Inc. Athena Neurosciences Inc. was founded in 1986 to discover, develop and market products to be used primarily by neurologists This is a list of the most important neurologists, with their dates of birth and death and nationality.
ATHENA NEUROSCIENCES INC.
Condensed Consolidated Statement of Operations
(in thousands, except per share amounts)
Three Months Ended
March 31,
1996 1995
(unaudited)
Product sales and service revenue $13,114 $ 9,638
Contract revenue 1,663 2,201
Total revenue 14,777 11,839
Operating costs and expenses: Cost of product sales and service revenue 5,152 4,302 License amortization 573 573 Research and development 7,032 8,661 Marketing, general, administrative and other 5,680 4,599 Total operating costs and expenses 18,437 18,135 Loss before technology acquisition and merger costs (3,660) (6,296) Technology acquisition and merger costs -- (5,135) Net loss $(3,660) $(11,431) Net loss per share $ (0.13) $ (0.50) Shares used in computation of net loss per share 27,613 22,974
Condensed Consolidated Balance Sheet
(in thousands) March 31, Dec. 31,
1996 1995
(unaudited)
Assets: Cash, cash equivalents and short-term investments $42,101 $46,289 Other current assets 9,264 8,416 Total current assets 51,365 54,705 Net property and equipment 4,926 4,695 Product license and other assets, net 28,200 28,774 Total assets $84,491 $88,174 Liabilities and stockholders' equity: Current portion of indebtedness $ 1,863 $ 1,856 Other current liabilities 9,011 9,114 Total current liabilities 10,874 10,970 Non-current portion of indebtedness 18,817 19,148 Stockholders' equity 54,800 58,056 Total liabilities and stockholders' equity $84,491 $88,174 -0- CONTACT: Athena Neurosciences Inc., South San Francisco Kevin KEVIN Keepers of the Eternal Vigilance of the Islamic Nation (fictional, from White Teeth by Zadie Smith) R. Davidge, 415/877-0900 (Finance) Eric J Eric J Dubowsky (born October 26, 1975 in Englewood, NJ) also known as Eric J, is a musician, songwriter and record producer. He got his start at Greene St. Studios in New York City, the legendary home of early hip-hop artists Run-DMC, and Public Enemy. . Liebler, 415/877-0900 (External Relations) |
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