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Biodel Inc. (BIOD) filed Quarterly Report for the period ended 2011-12-31.
Biodel Inc. has a market cap of $23.6 million; its shares were traded at around $0.64 .
This is the annual revenues and earnings per share of BIOD over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of BIOD.
Highlight of Business Operations:
Under the Purchase Plan, eligible employees may contribute up to 15% of their eligible earnings for the period of that offering withheld for the purchase of common stock under the Purchase Plan. The employee’s purchase price is equal to the lower of: 85% of the fair market value per share on the start date of the offering period in which the employee is enrolled or 85% of the fair market value per share on the semi-annual purchase date. The Purchase Plan imposes a limitation upon a participant’s right to acquire common stock if immediately after the purchase the employee would own 5% or more of the total combined voting power or value of the Company’s common stock or of any of its affiliates. The Purchase Plan provides for an automatic rollover when the purchase price for a new offering period is lower than previously established purchase price(s). The Purchase Plan also provides for a one-time election that allows an employee the opportunity to enroll into a new offering period when the new offering is higher than their current offering price. This election must be made within 30 days from the start of a new offering period. Offering periods are twenty-seven months in length. The compensation cost in connection with the Purchase Plan for the three months ended December 31, 2010 and 2011 were $12 and $2, respectively.As such, given that the May 2011 warrant holders will participate fully on any dividends or dividend equivalents, the Company determined that the warrants are participating securities and therefore are subject to ASC 260-10-55 earnings per share. These securities were excluded from the three months ended December 31, 2011 earnings per share calculation since their inclusion would be anti-dilutive.
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