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Sequenom, Inc. Reports Financial Results For The Second Quarter Of 2013

g expenses

39,20634,32980,18063,200Loss from operations

(28,688)(29,182)(55,702)(53,427)Interest expense, net

(2,121)(299)(4,290)(546)Other income (expense), net

(80)(116)(245)(45)Loss before income taxes

(30,889)(29,597)(60,237)(54,018)Income tax expense

(134)(20)(146)(22)Net loss

$ (31,023)$(29,617)$(60,383)$(54,040)Net loss per common share, basic and diluted

$   (0.27)$   (0.26)$ (0.52)$ (0.48)Weighted average number of shares outstanding, basic and diluted

115,174114,549115,107112,531 SEQUENOM, INC. CONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited)(In thousands)June 30, 2013December 31, 2012AssetsCurrent assets:Cash, cash equivalents and marketable securities



175,942Accounts receivable, net


20,43210,570Other current assets and prepaid expenses

4,6343,075Total current assets

142,052197,474Property, equipment and leasehold improvements, net

32,72133,494Other assets

17,98717,987Total assets



248,955Liabilities and stockholders' equity (deficit)Current liabilities:Accounts payable



16,469Accrued expenses

21,24324,507Long-term debt and obligations, current portion

7,6197,601Other current liabilities

2,6642,713Total current liabilities

53,78351,290Long-term liabilities

145,365149,658Total stockholders' equity (deficit)

(6,388)48,007Total liabilities and stockholders' equity(deficit)




SOURCE Sequenom, Inc.
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