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

44 340 ----- ------ Net loss $(7,423) $(1,850) ======== ======== Basic and diluted net loss per share $(0.13) $(0.03) ======= ======= Shares used in computing basic and diluted net loss per share 57,832 56,152 ====== ======

                                      CEPHEID

                 CONDENSED CONSOLIDATED UNAUDITED BALANCE SHEETS
                                   (in thousands)

                                                           March     December
                                                          31, 2009   31, 2008
                                                          --------   --------
                                 ASSETS
    Current assets:
      Cash and cash equivalents                           $26,808    $23,478
      Restricted cash                                           -      1,500
      Accounts receivable, net                             18,366     18,952
      Inventory                                            35,706     33,498
      Prepaid expenses and other current assets             3,209      4,636
                                                            -----      -----
    Total current assets                                   84,089     82,064
    Property and equipment, net                            23,297     24,109
    Investments                                            24,431     24,539
    Other non-current assets                                  934        920
    Intangible assets                                      39,266     36,932
    Goodwill                                               18,626     18,55
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