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Cepheid Reports Fourth Quarter and Full Year 2007 Results
Date:2/28/2008

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Accrued expense for patent-related matter - 3,350

Current portion of deferred revenue 4,016 3,913

Current portion of license fees payable - 447

Current portion of equipment financing - 313

Current portion of note payable 2 11

Total current liabilities 35,566 31,450

Long-term portion of deferred revenue 2,054 2,663

Long-term portion of equipment financing - 3

Long-term portion of note payable 2 41

Deferred rent 688 798

Total liabilities 38,310 34,955

Shareholders' equity:

Common stock 254,807 251,132

Additional paid-in capital 26,697 15,065

Accumulated other comprehensive loss 340 (5)

Accumulated deficit (154,909) (133,486)

Total shareholders' equity 126,935 132,706

Total liabilities and shareholders' equity $165,245 $167,661

Table A - GAAP vs. Non GAAP Measures

Three months ended Year ended

December 31, December 31,

2007 2006 2007 2006

Total Product Sales $36,865 $21,603 $116,532 $82,403

Total Revenues $40,427 $23,582 $129,473 $87,352

Cost of product sales $21,452 $12,443 $69,174 $48,800

Stock compensation expense (264) (53) (794) (584)

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