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Caliper Life Sciences Reports Second Quarter 2009 Results
Date:7/30/2009

HOPKINTON, Mass., July 30 /PRNewswire-FirstCall/ -- Caliper Life Sciences, Inc. (Nasdaq: CALP) today reported that for the second quarter of 2009 revenues were $32.1 million compared to $34.0 million for the second quarter of 2008. Divestitures and foreign currency translation negatively impacted comparative revenues by $3.3 million, or 10%, and $1.0 million, or 3%, respectively. The Company narrowed its net loss to $4.1 million ($0.08 per share) in the second quarter of 2009, from a net loss of $6.7 million ($0.14 per share) in the same quarter of 2008.

Quarter Highlights

  • Achieved 8% overall organic revenue growth compared to second quarter 2008 pro forma revenue:
    • Optical Imaging: 17% growth (21% before currency impact)
    • Research: 1% growth (5% before currency impact)
    • CDAS: 14% decline (no currency impact)
  • Earnings momentum and working capital improvement led to cash utilization of under $0.4 million for the quarter, resulting in $23.5 million of cash and cash equivalents as of June 30, 2009.
  • Reduced adjusted net loss per share to $0.05 per share compared to $0.09 per share in the second quarter of 2008.
  • Attracted more than 350 customers to recent "Innovation for Experimentation" seminar series and open house events held in California and Massachusetts.

Pro forma revenue and adjusted net loss per share are non-GAAP measures that exclude certain items detailed later in this release under the heading "Reconciliation of GAAP to Non-GAAP Financial Measures."

"IVIS((R)) imaging and LabChip((R)) products delivered strong double digit organic growth, while overall growth was dampened by lower Automation and CDAS reven
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SOURCE Caliper Life Sciences, Inc.
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