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Genomic Health Announces Fourth Quarter and Year-End 2008 Financial Results and Business Progress, Provides 2009 Financial Guidance
Date:2/3/2009

(in thousands, except share and per share data) For the Three Months Ended For the Year Ended December 31, December 31, 2008 2007 2008 2007 (Unaudited) (Unaudited) REVENUES: Product revenues $30,906 $19,264 $108,658 $62,745 Contract revenues 329 84 1,921 1,282 Total revenues 31,235 19,348 110,579 64,027 OPERATING EXPENSES: Cost of product revenues 7,310 4,915 27,185 17,331 Research and development 7,957 6,015 28,624 22,053 Selling and marketing 11,638 10,079 46,668 36,456 General and administrative 6,982 5,087 25,617 17,849 Total operating expenses 33,887 26,096 128,094 93,689 Loss from operations (2,652) (6,748) (17,515) (29,662) Other income (expense): Interest and other income 326 900 1,751 3,048 Interest expense (69) (143) (386) (678) Loss before income taxes (2,395) (5,991) (16,150) (27,292) Income tax benefit 61 - 61 - Net loss $(2,334) $ (5,991) $(16,089) $(27,292) Basic and diluted net loss per share $(0.08) $(0.21) $ (0.57) $(1.02) Shares used to compute basic and diluted net loss per share 28,377,615 28,162,249 28,297,705 26,759,798 Genomic Health, Inc. Condensed Consolidated Balance Sheets (in thousands)
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SOURCE Genomic Health
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