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

$(0.14) $(0.24)

Weighted-average shares used in

computing basic

net loss per common share 132,393 130,694 132,003 130,223

Reconciliation of Non-GAAP Proforma

Results to GAAP

Net loss after cumulative effect of

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

Adjustments for certain non-cash

items:

Cumulative effect of change in

accounting principle - - (2,242) -

CVR valuation adjustment (218) - (218) 16,450

Convertible debt valuation

adjustment (4,244) - (4,652) -

Non-GAAP Proforma net loss (7,542) (6,604) (25,622) (15,271)

Non-GAAP Proforma net loss per

common share, basic $(0.06) $(0.05) $(0.19) $(0.12)

Management believes that this non-GAAP proforma financial data supplements the Company's GAAP financial statements by providing investors with additional information which allows them to have a clearer picture of the Company's operations, financial performance and the comparability of the Company's operating results from period to period as they exclude the effects in 2007 of revaluation of the Company's convertible debt and the effects in 2006 of revaluation of the contingent value rights issued in connection with the Company's merger with ACLARA that management believes are not indicative of the Company's ongoing operations. The presentation of this additional information is not meant to be considered in isolation or as a substitute for results prepared in accordance with GAAP. Above, management has provided a reconciliation of the non-GAAP proforma financial information with the comparable financial information reported in accordance with GAAP. MONOGRAM BIOSCIENCES, INC. SELECTED BALANCE SHEET DATA (In thousands) (Unaudited)


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SOURCE Monogram Biosciences, Inc.
Copyright©2007 PR Newswire.
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