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SGX Pharmaceuticals Announces Financial Results for the Three and Six Months Ended June 30, 2008
Date:8/7/2008

ter the date hereof.

SGX PHARMACEUTICALS, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)

(unaudited)

Three Months Ended Six Months Ended

June 30, June 30,

2008 2007 2008 2007

Revenue:

Collaborations and commercial

agreements $2,882 $5,722 $17,883 $11,369

Grants 1,424 2,784 3,395 8,105

Total revenue 4,306 8,506 21,278 19,474

Expenses:

Research and development 9,237 10,524 20,586 20,542

General and administrative 2,263 2,126 4,384 4,359

Total operating expenses 11,500 12,650 24,970 24,901

Loss from operations (7,194) (4,144) (3,692) (5,427)

Interest income (expense), net (7) 131 212 316

Net loss $(7,201) $(4,013) $(3,480) $(5,111)

Basic and diluted net loss

per share $(0.35) $(0.26) $(0.17) $(0.33)

Shares used to compute basic and

diluted net loss per share 20,650 15,337 20,590 15,281

Three Months Ended Three Months Ended

June 30, 2008 (1) June 30, 2007 (1)

Stock- Stock-

based Reported based Reported

compensation GAAP compensation GAAP

non-GAAP expense results non-GAAP expense results

Net loss $(6,339) $(862) $(7,201)
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SOURCE SGX Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
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