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Caliper Life Sciences Announces Preliminary Results for the Fourth Quarter and 2010
Date:1/13/2011

HOPKINTON, Mass., Jan. 13, 2011 /PRNewswire/ -- Caliper Life Sciences, Inc. (Nasdaq: CALP) today announced preliminary revenue for the fourth quarter of 2010 of approximately $36.0 million, which implies fiscal 2010 revenue of approximately $123.5 million, or 10% organic annual growth.  The Company's fourth quarter revenue estimate exceeds the upper end of its previous revenue guidance by approximately $2.5 million for this period due to stronger than anticipated performance by each of its strategic business units.   The Company also expects to report positive non-GAAP earnings per share for the fourth quarter and on a full year basis for 2010.  

The Company expects to report cash, cash equivalents and marketable securities of approximately $35 million and no outstanding short-term borrowings as of December 31, 2010.  In addition, the Company announced that it expects to report positive operating cash flows of between $3.5 - $4.0 million within the fourth quarter and on a full-year basis for 2010.  

These financial estimates are preliminary and remain subject to management's final review as well as audit by the Company's independent registered accounting firm.  Please refer to the table below for reconciliation of the Company's non-GAAP organic revenue growth estimate of 10% to the comparable GAAP growth measure.

"We exceeded key financial objectives for 2010 by achieving double digit revenue growth, improving gross margin by over 800 basis points and delivering in excess of $6 million of EBITDA, while also accomplishing significant strategic milestones including the divestiture of the remaining non-core automation product lines,  the signing of microfluidic product collaborations with Illumina, Sony and Agilent, and the launch of new sample prep products to exploit the fast-growing next generation sequencing market opportunit
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SOURCE Caliper Life Sciences, Inc.
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