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Genomic Health Announces Third Quarter 2008 Financial Results and Business Progress

Product revenues $28,070 $15,781 $77,752 $43,482

Contract revenues 51 120 1,592 1,197

Total revenues 28,121 15,901 79,344 44,679


Cost of product revenues 7,140 4,398 19,875 12,417

Research and development 6,939 5,643 20,667 16,037

Selling and marketing 10,837 9,484 35,030 26,377

General and administrative 6,505 4,488 18,635 12,763

Total operating expenses 31,421 24,013 94,207 67,594

Loss from operations (3,300) (8,112) (14,863) (22,915)

Other income (expense):

Interest income 369 1,021 1,438 2,149

Interest and other expense (91) (162) (330) (535)

Net loss ($3,022) ($7,253) ($13,755) ($21,301)

Basic and diluted net

loss per share ($0.11) ($0.26) ($0.49) ($0.81)

Shares used in computing

basic and diluted net

loss per share 28,331,505 28,119,786 28,270,776 26,287,177

Genomic Health, Inc.

Condensed Consolidated Balance Sheets

(in thousands)

September 30, December 31,

2008 2007

(Unaudited) (Audited)

Cash and cash equivalents $9,459 $39,164

Short-term investments 44,965 29,196

Accounts receivable, net 9,423 5,089

Prepaid expenses and other current assets 6,013 3,105


SOURCE Genomic Health, Inc.
Copyright©2008 PR Newswire.
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