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Vermillion Announces First Quarter 2008 Financial Results and Business Progress

nd Subsidiaries

Condensed Consolidated Statements of Operations

(In Thousands, Except Per Share Amounts)


Three Months Ended

March 31,

2008 2007


Products $5 $-

Services 48 21

Total revenue 53 21

Cost of revenue:

Products 2 -

Services 20 15

Total cost of revenue 22 15

Gross profit 31 6

Operating expenses:

Research and development 1,875 1,990

Sales and marketing 893 477

General and administrative 1,827 3,197

Total operating expenses 4,595 5,664

Loss from operations (4,564) (5,658)

Interest and other income (expense), net (332) (383)

Loss before income taxes (4,896) (6,041)

Income tax benefit (expense) 50 (6)

Net loss $(4,846) $(6,047)

Loss per share - basic and diluted (1) $(0.76) $(1.54)

Shares used to compute basic and diluted loss

per common share (1) 6,380,188 3,923,291

(1) Adjuste

SOURCE Vermillion, Inc.
Copyright©2008 PR Newswire.
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