Total receipts for the 12 months ended Dec. 31, 2005, increased to €33.5 million ($40.2 million) from €22 million year over year.
Net income surged to €4.7 million from €300,000 last year.
The company had recently forecast that net income would be €3.5 million on revenues of €31.5 million. But an earlier-than-planned succession of performance-based payments within existing collaborations made shortly before the end of the year helped the company surpass those projections.
MorphoSys said it will publish its audited financial statements on Feb. 24.