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Cepheid Reports Second Quarter Revenue of $42.1 Million
Date:7/24/2008

Sales and marketing 7,434 5,067 14,375 9,560

General and administrative 5,518 4,038 10,265 7,973

Total costs and operating expenses 49,563 33,154 97,868 65,878

Loss from operations (7,513) (5,981) (10,985) (13,161)

Other income, net 191 740 1,473 1,767

Net loss before income tax benefit (7,322) (5,241) (9,512) (11,394)

Income tax benefit (expense) (204) - 136 -

Net loss $(7,526) $(5,241) $(9,376) $(11,394)

Basic and diluted net loss per share $(0.13) $(0.10) $(0.17) $(0.21)

Shares used in computing basic and

diluted net loss per share 57,054 55,149 56,603 55,081

CEPHEID

CONDENSED CONSOLIDATED UNAUDITED BALANCE SHEETS

(in thousands)

June 30, December 31,

2008 2007

ASSETS

Current assets:

Cash and cash equivalents $24,866 $16,476

Marketable securities - 27,550

Accounts receivable, net 18,573 21,263

Inventory 28,505 23,821

Prepaid expenses and other current assets 3,826 2,565

Total current assets 75,770 91,675

Property and equipment, net 22,293 17,174

Investments 21,983 -

Other non-current assets 430 923

Intangible assets 38,319 40,629'/>"/>

SOURCE Cepheid
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