DENDREON CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
(unaudited)
Three months ended Twelve months ended
December 31, December 31,
2005 2004 2005 2004
Revenue $37 $75 $210 $5,035
Operating expenses:
Research and development 20,568 18,243 65,944 64,390
General and administrative 5,684 4,689 20,729 21,037
Total operating expenses 26,252 22,932 86,673 85,427
Loss from operations (26,215) (22,857) (86,463) (80,392)
Interest income 1,451 1,152 5,267 4,135
Interest expense (75) (35) (351) (255)
Other expense -- -- -- (290)
Loss before income taxes (24,839) (21,740) (81,547) (76,802)
Foreign income tax benefit -- -- -- 1,562
Net loss $(24,839) $(21,740) $(81,547) $(75,240)
Basic and diluted net loss per
share $(0.40) $(0.37) $(1.36) $(1.32)
Shares used in computation of
basic and diluted net loss
per share 61,921 58,860 59,912 57,103
