Exhibit 99.3
UNILIFE CORPORATION
ARBN 141 042 757
Appendix 4D – Half Year Report
Six months ended 31 December 2012
Results for announcement to the market
UNILIFE CORPORATION HIGHLIGHTS
Results for Announcement to the Market
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| | | | | | | | | | | Six Months Ended
31 December 2012
US$000’s | | | Six Months Ended
31 December 2011
US$000’s | |
Revenues from ordinary activities | | Down | | | 54.3 | % | | | to | | | | 1,391 | | | | 3,042 | |
Profit (loss) from ordinary activities after tax attributable to members | | Up | | | 20.3 | % | | | to | | | | (27,137 | ) | | | (22,555 | ) |
Net profit (loss) for the period attributable to members | | Up | | | 20.3 | % | | | to | | | | (27,137 | ) | | | (22,555 | ) |
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Dividends (distribution) | | Amount per security | | Franked amount per security |
Final dividend | | N/A | | N/A |
Interim dividend | | N/A | | N/A |
Total | | N/A | | N/A |
Record date for determining entitlements to the dividend | | | | N/A |
Results of Operations
Revenues decreased from US$3.0 million during the six months ended 31 December 2011 to US$1.4 million during the six months ended 31 December 2012. This decrease was primarily attributable to the recognition of $1.4 million of revenue related to the achievement of the last milestone under our industrialization agreement with Sanofi during the six months ended 31 December 2011.
Net loss increased from US$22.6 million during the six months ended 31 December 2011 to US$27.1 million during the six months ended 31 December 2012. The increase in the net loss was primarily attributable to the decrease in revenues as well as an increase in non-cash share-based compensation expense.
Basis of the Preparation of the Half Year Report
The half year report has been prepared in accordance with ASX Listing Rule 4.2A.3 and the disclosure requirements of ASX Appendix 4D.
The half year report has been prepared in accordance with accounting principles generally accepted in the United States of America.
The Board of Directors does not recommend that a dividend relating to the six months ended 31 December 2012 be paid. As such, there is no applicable record date.
Net Tangible Assets per Security
| | | | | | | | |
| | | 31 December 2012 | | | 31 December 2011 | |
Net tangible assets per share | | US$ | 0.33 | | | US$ | 0.76 | |
Net tangible assets per CDI | | A$ | 0.05 | | | A$ | 0.13 | |
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| JIM BOSNJAK |
| Chairman |
Date: 12 February 2013
Half Year Report to 31 December 2012
Unilife Corporation ARBN 141 042 757
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