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Clinical Partner 1.6 4.3 -64%
Total Clinical 29.6 20.7 43%
Industrial 4.2 4.4 -4%
Biothreat 8.6 8.9 -3%
Total Product Sales $42.4 $34.0 25%
-- By geography, product sales were, in millions:
Three Months Ended September 30
2008 2007 Change
North America $35.8 $27.6 30%
International 6.6 6.4 2%
Total Product Sales 42.4 34.0 25%
-- During the quarter, Cepheid installed a total of 115 GeneXpert systems
and 879 modules. As of September 30, 2008, a cumulative total of
848 GeneXpert systems and 4,509 modules have been placed worldwide.
-- GAAP gross margin on product sales was 44% and non-GAAP gross margin on
product sales was 46%, which compares to 41% and 43% in the third
quarter of fiscal 2007.
-- Cash, cash equivalents and investments were $45.4 million as of
September 30, 2008, including $21.0 million of auction rate securities.
-- DSO improved to 36 days.
Business Outlook
For the fiscal year ending December 31, 2008, the Company expects:
-- Total revenue to be in the range of $174 to $176 million, of which
product sales are expected to be in the range of $164 to $166 million.
o Xpert MRSA test sales are expected to be in the range of $49 to
$51 million.
-- Net loss for 2008 is expected to be in the range of $22.5 to
$23.5 million, or $(0.39) to $(0.41) per share.
-- On a non-GAAP basis, net loss is expected to be in the range of $6.5 to
$7.5 million, or $(0.11) to $(0.13) per share.
-- Non-
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