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Monogram Announces 2008 Third Quarter Financial Results
Date:10/27/2008

ct Revenue $17.1 $9.1 $48.6 $27.6

Contract Revenue $0.5 $0.5 $2.0 $1.3

License Revenue $0.1 $1.2 $0.1 $1.5

Non-GAAP Total Revenue $17.7 $10.8 $50.7 $30.4

Three Months Ended Nine Months Ended

September 30, September 30,

2008 2007 2008 2007

Product Gross Margin

Gross Margin on GAAP Basis 51% 34% 53% 37%

Gross Margin from Deferred Revenue

from sales of Trofile assays to

Pfizer 4% 3% 4% 2%

Gross Margin on Non-GAAP Basis 55% 37% 57% 39%

We believe that the foregoing presentation of these Non-GAAP financial measures will enable users of our financial statements to compare Non-GAAP measures with relevant GAAP measures in all periods presented and better understand the matching of revenue and expense. Any Non-GAAP financial measure used by us should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP.


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SOURCE Monogram Biosciences, Inc.
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