Clarient Reports 2009 Third Quarter; Nine Mon...(Management believes that using Adjusted ...)

Date:11/3/2009

Management believes that using Adjusted EBITDA as a metric can enhance an overall understanding of the Company's expected financial performance from ongoing operations, and Adjusted EBITDA is used by management for that purpose. We believe that Adjusted EBITDA is frequently used by analysts, investors and other interested parties in evaluating companies such as ours and that it provides a useful measure of our financial performance since its use eliminates the effects of period to period changes in costs associated with impairment of assets related to capital investments, interest on our debt, capital lease obligations and non-cash stock based compensation charges. In addition, under our credit facilities with Gemino Healthcare Finance LLC, we are required to maintain minimum levels of Adjusted EBITDA.

There are limitations inherent in non-GAAP financial measures such as Adjusted EBITDA in that they exclude a variety of charges and credits that are required to be included in a GAAP presentation, and do not therefore present the full measure of the Company's recorded costs against its revenue. Management compensates for these limitations in non-GAAP measures by also evaluating our performance based on traditional GAAP financial measures. Accordingly, in analyzing our future financial performance, investors should consider these non-GAAP results together with GAAP results, rather than as an alternative to GAAP basis financial measures.

    Contact:
    Matt Clawson
    949.474.4300
    matt@allencaron.com

TABLES FOLLOW

                                Clarient, Inc.
               Condensed Consolidated Statements of Operations
              (in thousands, except share and per share amounts)
                                 (Unaudited)

                                   Three Months Ended      Nine Months Ended
           
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SOURCE  Clarient, Inc.
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