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Monogram Announces Third Quarter 2007 Financial Results
Date:10/24/2007

er 30, September 30,

2007 2006 2007 2006

Revenue:

Product revenue $8,745 $10,415 $26,751 $35,418

Contract revenue 463 687 1,266 2,310

License revenue 1,186 - 1,486 -

Total revenue 10,394 11,102 29,503 37,728

Operating costs and expenses:

Cost of product revenue 5,774 5,962 16,806 17,307

Research and development 3,788 4,638 14,295 14,421

Sales and marketing 4,178 3,819 12,280 11,264

General and administrative 4,292 3,377 12,149 11,240

Total operating costs and expenses 18,032 17,796 55,530 54,232

Operating loss (7,638) (6,694) (26,027) (16,504)

Convertible debt valuation

adjustment and

interest income/(expense), net 4,340 90 5,057 1,233

CVR valuation adjustment 218 - 218 (16,450)

Net loss before cumulative effect of

change in accounting principle (3,080) (6,604) (20,752) (31,721)

Cumulative effect of change in

accounting principle - - 2,242 -

Net loss after cumulative effect of

change in accounting principle $(3,080) $(6,604) $(18,510) $(31,721)

Basic and diluted net loss per

common share before

cumulative effect of change in

accounting principle $(0.02) $(0.05) $(0.16) $(0.24)

Cumulative effect per share of

change in accounting principle $- $- $0.02 $-

Basic and diluted net loss per

common share after

cumulative effect of change in

accounting principle $(0.02) $(0.05)
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SOURCE Monogram Biosciences, Inc.
Copyright©2007 PR Newswire.
All rights reserved

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