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Genoptix Reports Strong Financial Results For Third Quarter 2007

2007 2006



Current assets:

Cash and cash equivalents $10,141 $3,865

Accounts receivable, net of allowance

for doubtful accounts 7,574 4,766

Prepaid expenses and other current assets 619 270

Total current assets 18,334 8,901

Property and equipment, net 1,670 1,287

Other long-term assets 1,262 14

Total assets $21,266 $10,202

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable and accrued expenses $4,109 $1,987

Accrued compensation 1,780 1,058

Deferred revenue 7 39

Current portion of long-term debt 1,458 1,524

Total current liabilities 7,354 4,608

Deferred rent, net of current portion 319 267

Long-term debt, net of current portion 409 1,262

Commitments and contingencies

Stockholders' equity:

Convertible preferred stock 52 52

Common stock - -

Additional paid-in capital 59,802 59,362

Accumulated deficit (46,670) (55,349)

Total stockholders' equity 13,184 4,065

Total liabilities and stockholders' equity $21,266 $10,202



SOURCE Genoptix, Inc.
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