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Genoptix Reports Strong Financial Results For Third Quarter 2007
Date:12/12/2007

NSOLIDATED STATEMENTS OF OPERATIONS

(unaudited)

(in thousands, except per share data)

Three Months Nine Months

Ended Ended

September 30, September 30,

2007 2006 2007 2006

Revenues $16,171 $6,911 $40,770 $16,190

Cost of revenues 6,513 3,768 16,543 9,308

Gross profit 9,658 3,143 24,227 6,882

Operating expenses:

Sales and marketing expenses 3,127 1,624 7,869 4,137

General and administrative expenses 2,732 1,985 6,997 4,968

Research and development expenses 143 271 463 860

Impairment and lease exit costs - - - 542

Total operating expenses 6,002 3,880 15,329 10,507

Income (loss) from operations 3,656 (737) 8,898 (3,625)

Other income (expense):

Interest income 118 55 245 193

Interest expense (72) (96) (231) (288)

Other income (1) 7 41 319

Income (loss) before income taxes 3,701 (771) 8,953 (3,401)

Provision for income taxes (114) - (274) -

Net income (loss) $3,587 $(771) $8,679 $(3,401)

Net income (loss) per share (1):

Basic $0.43 $(6.07) $0.82 $(34.50)

Diluted $0.06 $(6.07) $0.10 $(34.50)

Shares used to compute net income

(loss) per share (1):

Basic
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SOURCE Genoptix, Inc.
Copyright©2007 PR Newswire.
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