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Ambit Biosciences Announces Third Quarter 2013 Operating Results
Date:11/7/2013

sands) Three MonthsEnded September 30,Nine MonthsEnded September 30,2013201220132012Revenues

$

7,678$

4,282$

25,817$

14,689Operating expenses:Research and development

4,4848,16920,15330,120General and administrative

3,0761,2307,0494,533Gain on sale of kinase profiling services business

(2,500)(480)(2,500)(1,600)Total operating expenses

5,0608,91924,70233,053Income (loss) from operations

2,618(4,637)1,115(18,364)Other expenses, net

(8,687)(2,028)(10,326)(3,604)Consolidated net loss

$

(6,069)$

(6,665)$

(9,211)$

(21,968) Ambit Biosciences CorporationSelected Financial Information Condensed Consolidated Balance Sheets(in thousands) September 30,2013December 31,2012(unaudited)Cash and cash equivalents$

78,856$

17,481Other assets1,0941,948Property and equipment, net816560Total assets$

80,766$

19,989Accounts payable, accrued expenses and other liabilities

$

6,397$

12,923Deferred revenue—20,671Warrant liabilities15,62310,540Redeemable non-controlling interest—3,323Convertible preferred stock—170,778Stockholders' equity (deficit)58,746(198,246)Total liabilities and stockholders' equity$

80,766$

19,989 Ambit Contacts: Marcy Graham

Andrew McDonald, Ph.D.Executive Director, Investor Relations & Corp CommLifeSci Advisors, LLCAmbit Biosciences, Inc.

Founding Partner858-334-2125

646-597-6987mgraham@ambitbio.com

andrew@lifesciadvisors.com 


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SOURCE Ambit Biosciences
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