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Cepheid Reports 2009 First Quarter Results
Date:4/23/2009

CEPHEID CONDENSED CONSOLIDATED UNAUDITED STATEMENTS OF OPERATIONS (in thousands, except per share data) Three Months Ended March 31, ------------------ 2009 2008 ------ ------ Revenues: System sales $7,909 $14,324 Reagent and disposable sales 28,679 27,596 ------ ------ Total product sales 36,588 41,920 Other revenues 2,179 2,913 ----- ----- Total revenues 38,767 44,833 ------ ------ Costs and operating expenses: Cost of product sales 20,511 22,986 Collaboration profit sharing 2,629 3,733 Research and development 10,338 9,898 Sales and marketing 6,812 6,941 General and administrative 5,269 4,747 Restructuring charge 747 - ------ ------ Total costs and operating expenses 46,306 48,305 ------ ------ Loss from operations (7,539) (3,472) Other income, net 72 1,282 ----- ----- Net loss before income tax benefit (7,467) (2,190) Income tax benefit
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