Arrowhead Reports Revenue of $181k

Arrowhead Research Corporation ARWR today announced financial results for its fiscal 2010 fourth quarter and year ended September 30, 2010. For the quarter ended September 30, 2010, Arrowhead's revenue was $181,000, compared with $187,000 in the quarter ended September 30, 2009. Total operating expenses for the quarter ended September 30, 2010 were $2.5 million, a decrease of $1.2 million from $3.7 million during the quarter ended September 30, 2009. Net loss attributable to Arrowhead for the quarter ended September 30, 2010 was $2.0 million, or $0.03 per share based on 71.1 million weighted average shares outstanding. This compares with a net loss attributable to Arrowhead of $3.5 million, or $0.06 per share based on 51.5 million weighted average shares outstanding, for the quarter ended September 30, 2009.