BB's Stock Haven

[ManInTheBox]

Nice Q3 XOMA news today

XOMA's total revenues were $43.1 million in the third quarter of 2007, an increase of $35.7 million over the third quarter of 2006. Growth in revenues primarily reflects the license fee of $30.0 million received from Pfizer, increases in royalty revenues from Genentech's LUCENTIS(r) and RAPTIVA(r) products, and increased activities in our contracts with companies including Schering-Plough Research Institute and Takeda Pharmaceutical Company Limited, and with the National Institute of Allergy and Infectious Diseases.

The operating income for the third quarter was $22.7 million in 2007 compared to an operating loss of $9.5 million in 2006, reflecting higher revenue in 2007 partially offset by an increase in operating costs primarily related to personnel-related costs and certain other expenses. Net income for the third quarter of 2007 was $21.8 million or $0.16 per diluted share or $0.17 per basic share, compared with a net loss of $10.8 million or $0.11 per share for the quarter ended September 30, 2006. A more detailed discussion of XOMA's third quarter 2007 financial results is provided below and in the Company's Form 10-Q filing.