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Masimo Reports First Quarter 2008 Financial Results
Date:4/29/2008

liabilities and stockholders'

equity $235,511 $227,152

MASIMO CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(in thousands, except per share information)

(unaudited)

Three Months Ended

March 31, 2007 March 29, 2008

Revenue:

Product $45,764 $59,673

Royalty and license fee 13,190 11,437

Total revenue 58,954 71,110

Cost of goods sold 16,901 21,121

Gross profit 42,053 49,989

Operating expenses:

Research and development 5,454 6,298

Selling, general and administrative 21,402 29,529

Antitrust litigation 10 168

Total operating expenses 26,866 35,995

Operating income 15,187 13,994

Non-operating income (expense):

Interest income 355 959

Interest expense (427) (643)

Other 41 103

Total non-operating income (expense) (31) 419

Income before provision for income taxes 15,156 14,413

Provision for income taxes 6,059 5,622

Net income 9,097 8,791

Accretion of preferred stock (1,956) -

Undistributed income attributable to'/>"/>

SOURCE Masimo Corporation
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