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Gen-Probe Reports Strong Financial Results for Third Quarter 2007, Raises Full-Year Guidance for Earnings Per Share and Total Revenues
Date:10/30/2007

300,790 236,024

Total stockholders' equity 702,259 570,208

Total liabilities and stockholders' equity $761,239 $623,839

Gen-Probe Incorporated

Consolidated Statements of Income

(In thousands, except per share data)

(Unaudited)

Three Months Ended Nine Months Ended

September 30, September 30,

2007 2006 2007 2006

Revenues:

Product sales $97,402 $83,470 $278,451 $239,811

Collaborative research

revenue 3,118 1,470 11,239 14,743

Royalty and license revenue 1,213 7,287 14,375 9,151

Total revenues 101,733 92,227 304,065 263,705

Operating expenses:

Cost of product sales 31,810 24,298 91,148 76,207

Research and development 27,582 24,178 72,813 63,833

Marketing and sales 9,651 9,526 28,580 27,533

General and administrative 11,380 12,748 34,742 34,104

Total operating expenses 80,423 70,750 227,283 201,677

Income from operations 21,310 21,477 76,782 62,028

Total other income, net 3,333 1,921 8,610 5,081

Income before income tax 24,643 23,398 85,392 67,109

Income tax expense 7,392 8,587 19,664 24,745

Net income $17,251 $14,811 $65,728 $42,364

Net income per share:

Basic $0.32 $0.29 $1.25 $0.82

Diluted
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SOURCE Gen-Probe Incorporated
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