Exhibit 99.1
UNILIFE CORPORATION
ARBN 141 042 757
Appendix 4D – Half Year Report
Six months ended 31 December 2016
Results for announcement to the market
UNILIFE CORPORATION HIGHLIGHTS
Results for Announcement to the Market
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| | | | | | | | | | | | Six Months Ended 31 December 2016 US$000’s | | | Six Months Ended 31 December 2015 US$000’s | |
Revenues from ordinary activities | | | Down | | | | 47.3 | % | | | to | | | | 4,053 | | | | 7,686 | |
Profit (loss) from ordinary activities after tax attributable to members | | | Down | | | | 35.1 | % | | | to | | | | (33,282 | ) | | | (51,287 | ) |
Net profit (loss) for the period attributable to members | | | Down | | | | 35.1 | % | | | to | | | | (33,282 | ) | | | (51,287 | ) |
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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$7.7 million during the six months ended 31 December 2015 to US$4.1 million during the six months ended 31 December 2016. This decrease was primarily related to timing of achievement of milestones under customer programs.
Net loss decreased from US$51.3 million during the six months ended 31 December 2015 to US$33.3 million during the six months ended 31 December 2016. The decrease in net loss is primarily attributable to the decrease in operating expenses and change in fair value of financial instruments offset by a decrease in revenue and an increase in interest 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 2016 be paid. As such, there is no applicable record date.
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Net Tangible Assets per Security | | 31 December 2016 | | | 31 December 2015 | |
Net tangible assets per share | | | US($7.33 | ) | | | US($3.76 | ) * |
Net tangible assets per CDI | | | US($0.12 | ) | | | US($0.06 | ) |
*Reflects adjustment as a result of the 10 for 1 reverse stock split of the Company’s Common Stock effected on 13 May 2016.
JOHN RYAN
President and Chief Executive Officer
Date: 10 February 2017
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