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Vermillion Reports First Quarter 2013 Results

sands, Except Share and Per Share Amounts)(Unaudited)Three Months Ended March 31, 20132012Revenue:Product


114114Total revenue

328312Cost of revenue:Product

3738Total cost of revenue

3738Gross profit

291274Operating expenses:Research and development(1)

484452Sales and marketing(2)

1,0721,518General and administrative(3)

1,337468Total operating expenses

2,8932,438Loss from operations

(2,602)(2,164)Interest income

28Interest expense

-(65)Gain on litigation settlement, net

-379Reorganization items

-88Other income (expense), net

29(22)Loss before income taxes

(2,571)(1,776)Income tax benefit (expense)

--Net loss

(1,776)Net loss per share - basic and diluted

(0.12)Weighted average common shares used to compute basic and diluted net loss per common share

15,201,61614,903,455Net loss

(2,571)(1,776)Foreign currency translation adjustment

-(3)Comprehensive loss

(1,779)Non-cash stock-based compensation expense included in operating expenses:(1)  Research and development

34(2)  Sales and marketing

5436(3)  General and administrative


SOURCE Vermillion, Inc.
Copyright©2012 PR Newswire.
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