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WaferGen Announces Third Quarter 2008 Financial Results
Date:11/10/2008

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Total liabilities and stockholders'

equity $4,565,707 $5,854,868

WAFERGEN BIO-SYSTEMS, INC. AND SUBSIDIARIES

(A Development Stage Company)

Condensed Consolidated Balance Sheets (Unaudited)

Three Months Ended Nine Months Ended

September 30, September 30,

2008 2007 2008 2007

Revenues $197,951 $6,700 $556,442 $67,460

Cost of sales 73,956 1,770 206,021 23,544

Gross margin 123,995 4,930 350,421 43,916

Operating expenses:

Sales and marketing 328,289 277,248 1,008,969 567,218

Research and development 1,205,511 728,288 3,503,573 1,489,994

General and

administrative 648,966 773,656 1,971,773 1,582,812

Total operating

expenses 2,182,766 1,779,192 6,484,315 3,640,024

Operating loss (2,058,771) (1,774,262) (6,133,894) (3,596,108)

Other income and (expenses):

Interest income 16,709 82,960 66,490 98,741

Interest expense (4,957) (308) (12,182) (186,834)

Miscellaneous expense (23,298) -- (26,239) --

Total other income and

(expenses) (11,546) 82,652 28,069 (88,093)

Net loss before provision

for income taxes (2,070,317) (1,691,610) (6,105,825) (3,684,201)

Provision for income taxes -- -- -- --

Net loss (2,070,317) (1,691,610) (6,105,825) (3,684,201)

Accretion on Redeemable

Preferred Stock (
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SOURCE WaferGen Biosystems, Inc.
Copyright©2008 PR Newswire.
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