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deCODE genetics Announces First Quarter 2009 Financial Results
Date:5/11/2009

week following the call. A digitized telephone replay of the call can be accessed for the week following the call by dialing 1 800 475 6701 from the US, or +1 320 365 3844 from outside the US. The access code is 100482.

               Condensed Consolidated Statements of Operations

                                                       For the three months
                                                           ended March 31,
                                                        2009          2008
                                                       In thousands, except
                                                         per share amounts
                                                            (unaudited)

    Revenue...................................... $    8,917    $   14,978
    OPERATING EXPENSES
    Cost of revenue............................        8,184        14,714
    Research and development...............            4,233        12,653
    Selling, general and administrative.......         4,903         7,211
    Total operating expense...........                17,320        34,578
    Operating loss................................    (8,403)      (19,600)
    Interest income..............................        157         1,037
    Interest expense.............................     (4,626)       (4,025)
    Other non-operating income and (expense), net*.      235        (4,077)
    Net loss ....................................  $ (12,637)    $ (26,665)
    Basic and diluted net loss per share:          $   (0.21)    $   (0.44)
    Shares used in computing basic and
    diluted net loss per share...................     61,489        61,266




               Condensed Consolidated Balance Sheet Data

                                            At March 31,   At December 31,
                                                 2009           2008
                                             
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SOURCE deCODE genetics Inc
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