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Vermillion Reports Results for the Second Quarter 2011
Date:8/4/2011

Except Share and Par Share Amounts)(Unaudited)June 30,December 31,20112010AssetsCurrent assets:Cash and cash equivalents

$
36,285$
22,914Accounts receivable

115136Prepaid expenses and other current assets

420779Total current assets

36,82023,829Property and equipment, net

253194Other assets

1212Total assets

$
37,085$
24,035Liabilities and Stockholders’ EquityCurrent liabilities:Accounts payable

$
,670$
998Accrued liabilities

3,3803,056Convertible senior notes

5,0005,000Deferred revenue

1,0011,049Total current liabilities

11,05110,103Long-term debt owed to related party

7,0007,000Warrant liability

36378Deferred revenue

1,4511,679Other liabilities

156259Total liabilities

19,69419,419Commitments and contingenciesStockholders’ equity:Preferred stock, $0.001 par value, 5,000,000 shares authorized, none issued and

----outstanding at June 30, 2011 and December 31, 2010, respectivelyCommon stock, $0.001 par value, 150,000,000 shares authorized at June 30, 2011

1511and December 31, 2010; 14,811,601 and 10,657,564 shares issued and outstanding at June 30, 2011 and December 31, 2010, respectivelyAdditional paid-in capital

326,044303,270Accumulated deficit

(308,513)(298,509)Accumulated other comprehensive loss

(155)(156)Total stockholders’ equity

17,3914,616Total liabilities and stockholders’ equity

$
37,085$
24,035Vermillion, Inc.Consolidated Statements of Operations(Amounts in Thousands, Except Share and Per Share Amounts)(Unaudited)Three Months Ended June 30, Six Months Ended June 30, 2011201020112010Revenue:Product revenue

$
91$
45$
508$
45License revenue

113299227372Total revenue

304344735417Cost of revenue:Product

37127912Total cost of revenue

37127912Gross profit

267332656405Operatin
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SOURCE Vermillion, Inc.
Copyright©2010 PR Newswire.
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