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deCODE genetics Announces First Quarter 2008 Financial Results
Date:5/1/2008

except per share amounts

(unaudited)

Revenue $14,978 $8,554

OPERATING EXPENSES

Cost of revenue 14,714 10,918

Research and development 12,653 12,676

Selling, general and administrative 7,211 5,530

Total operating expense 34,578 29,124

Operating loss (19,600) (20,570)

Interest income 1,037 1,991

Interest expense (4,025) (3,666)

Other non-operating income and (expense), net* (4,077) (380)

Net loss $(26,665) $(22,625)

Basic and diluted net loss per share: $(0.44) $(0.37)

Shares used in computing basic and

diluted net loss per share 61,266 60,949

Condensed Consolidated Balance Sheet Data

At March 31, At December 31,

2008 2007

In thousands,

(unaudited)

Cash and investments ** $69,490 $94,058

Total assets 134,055 156,208

Total liabilities 303,520 301,858

Total shareholders' equity (deficit) (169,465) (145,650)

* Other non-operating expense for the three months ended March 31, 2008

principally reflects an unrealized loss resulting from the revaluation

of the company's non-current auction r
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SOURCE deCODE genetics
Copyright©2008 PR Newswire.
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