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SEQUENOM Reports Second Quarter 2009 Financial Results and Highlights
Date:8/6/2009

ses associated with the start-up of the company's contract sales force which began in February 2009.
  • Total costs and expenses for the second quarter of 2009 were $29.5 million, including $1.0 million in restructuring costs, compared with $22.5 million for the comparable quarter in 2008. For the three months ended June 30, 2009 and 2008, the company recorded $3.2 million and $1.5 million, respectively, of compensation expense related to FAS123(R).
  • Net loss for the second quarter of 2009 was $20.2 million, or $0.33 per share, compared with $9.7 million, or $0.21 per share, for the second quarter of 2008. The number of shares used to calculate net loss per share was 61,137,755 for this period versus 47,146,856 for the second quarter of 2008.
  • Six-Month Results

    • Revenue for the first six months of 2009 totaled $17.9 million, compared with $23.4 million for the first six months of 2008.
    • Cost of product and services revenues for the first six months of 2009 was $6.6 million, compared with $10.1 million reported for the first six months of 2008.
    • Gross margin for the first six months of 2009 was 63%, compared to 57% for the first six months of 2008.
    • Total costs and expenses for the first six months of 2009 were $55.9 million, versus $41.2 million for the comparable period in 2008. For the six months ended June 30, 2009 and 2008, the company recorded $6.2 million and $2.6 million, respectively, of compensation expense related to FAS123(R).
    • Net loss for the first six months of 2009 was $37.7 million, or $0.62 per share, compared with $18.4 million, or $0.40 per share for the comparable period in 2008. The number of shares used to calculate loss per share was 61,078,534 for this period versus 46,238,618 for the first half of 2008.

    Cash, Cash Equivalents and Available for Sale
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    SOURCE SEQUENOM, Inc.
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