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Caliper Life Sciences Reports Third Quarter 2008 Results; Sharpens Growth Focus, Strengthens Balance Sheet and Reduces Costs
Date:11/10/2008

t of product revenue 11,983 11,278 36,321 33,800

Cost of service revenue 6,590 5,511 19,134 16,600

Cost of license revenue 588 971 1,154 2,238

Research and development 4,953 5,666 15,526 19,088

Selling, general and

administrative 10,256 13,399 36,945 39,312

Amortization of

intangible assets 1,742 2,522 6,721 7,593

Restructuring

charges, net 2,686 22 2,666 30

Total costs and expenses 38,798 39,369 118,467 118,661

Operating loss (4,757) (2,648) (21,108) (18,210)

Interest expense, net (227) (205) (584) (321)

Other income

(expense), net (411) 446 (92) 365

Provision for income taxes (1) (21) (229) (180)

Net loss $(5,396) $(2,428) $(22,013) $(18,346)

Net loss per share,

basic and diluted $(0.11) $(0.05) $(0.46) $(0.39)

Shares used in

computing net loss

per common share,

basic and diluted 48,378 47,425 47,987 47,212

Reconciliation of GAAP to Non-GAAP Financial Measure

Adjusted Basic Earnings per Share (see explanation of adjustments below)

Three Months Ended Nine Months Ended

September 30, September 30,

2008 2007 2008 2007

GAAP EPS - Basic $(0.11) $(0.05) $(0.46) $(0.39)

Adjustments:

Share-based

compensation

expense (1) 991 1,236 2,988 3,970

Purchase accountin
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SOURCE Caliper Life Sciences, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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