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Vermillion Reports Results for the Second Quarter 2011

g expenses:Research and development(1)

1,6319382,8491,686Sales and marketing(2)

1,5035332,821726General and administrative(3)

2,7302,6045,0304,740Total operating expenses

5,8644,07510,7007,152Loss from operations

(5,597)(3,743)(10,044)(6,747)Interest income

2173713Interest expense

(115)(115)(230)(258)Change in fair value and gain from exercise of warrants, net

353,4533423,447Debt conversion costs

---(141)Reorganization items

(16)(265)(32)(1,597)Reorganization items - related party incentive plan

---(6,932)Other income (expense), net

(41)(35)(77)(69)Loss before income taxes

(5,713)(698)(10,004)(12,284)Income tax expense

----Net loss

(12,284)Net loss per share - basic and diluted

(1.20)Weighted average common shares used to computebasic and diluted net loss per common share

14,736,93910,303,19913,645,52010,217,928Non-cash stock-based compensation expense included in operating expenses:(1)  Research and development

505(2)  Sales and marketing

39188225(3)  General and administrative


SOURCE Vermillion, Inc.
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