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

,137 11,120 7,330

Amortization of acquired inventory

step-up in basis - - 170 -

Amortization of purchased

intangible assets 236 32 840 40

Non-GAAP measure of Net Loss $(1,231) $(6,132) $(9,293) $(18,615)

Basic and diluted net loss per share $(0.095) $(0.151) $(0.388) $(0.497)

Stock compensation expense $0.069 $0.039 $0.201 $0.140

Amortization of acquired inventory

step-up in basis $- $- $0.003 $-

Amortization of purchased

intangible assets $0.004 $0.001 $0.015 $0.001

Non-GAAP measure of Net Loss $(0.022) $(0.112) $(0.168) $(0.356)

Table B - Instrument and Reagent Sales Mix

Three months ended Year ended

December 31, December 31,

2007 2006 2007 2006

Product Sales

Instrument sales $15,597 $6,883 $47,739 $22,737

Reagent and disposable sales 21,268 14,720 68,793 59,666

Total product sales $36,865 $21,603 $116,532 $82,403

Percent of Product Sales

Instruments 42% 32% 41% 28%

Reagents and disposables 58% 68% 59% 72%

Total product sales 100% 100% 100% 100%

Table C - Geographic Sales Mix

Three months ended Year ended

December 31, December 31,

2007 2006 2007 2006

Percent of Instrument and service

sales

US & ROW
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