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Caliper Life Sciences Reports First Quarter 2008 Results
Date:5/8/2008

- 10% Product and Service Revenue Growth -

HOPKINTON, Mass., May 8 /PRNewswire-FirstCall/ -- Caliper Life Sciences, Inc. (Nasdaq: CALP) today reported its first quarter financial results for 2008. First quarter revenues were $29.3 million, an increase of 3% over revenues of $28.4 million in the same period in 2007. The effect of foreign exchange on revenues was a favorable impact of 3% compared to the prior year. Net loss for the quarter was $9.9 million ($0.21 per share on a GAAP basis), compared to a net loss of $9.6 million ($0.20 per share on a GAAP basis) in the same quarter of 2007.

Highlights:

-- Product and service revenues grew 10% and compensated for the

anticipated revenue loss from significant microfluidic license payments

in 2007

-- Strong revenue performance within optical imaging and automation

product families, including product revenue growth of 26% and 20%,

respectively

-- Slow start to the year within Caliper's Discovery Alliances and

Services due to timing delays under two major contracts, which is

expected to be made up over the remainder of 2008

-- Consolidation of west coast operations and streamlining in the finance

organization

-- Plans implemented to improve R&D and G&A effectiveness and

productivity

-- Significant litigation matters concluded

-- Settlement of AntiCancer litigation further enables the imaging

growth strategy

-- Legal expenses are anticipated to decrease over remainder of 2008,

assuming no new litigation

"In the first quarter of 2008, we achieved strong product revenue performance offse
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SOURCE Caliper Life Sciences, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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