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Cepheid Reports Fourth Quarter and Full Year 2008 Results
Date:2/5/2009

46% 42% 44% 41% Gross margin on product sales per Non-GAAP 47% 43% 45% 42% Research and development $10,837 $8,717 $43,310 $31,449 Amortization of Purchased intangible assets (24) (23) (95) (95) Stock compensation expense (1,245) (1,184) (5,407) (4,294) Non-GAAP measure of cost of research and development $9,568 $7,510 $37,808 $27,060 Sales and marketing $7,511 $6,841 $29,757 $22,812 Amortization of purchased intangible assets (64) (14) (127) (51) Stock compensation expense (835) (723) (3,457) (2,221) Non-GAAP measure of cost of sales and marketing $6,612 $6,104 $26,173 $20,540 General and administrative $5,079 $5,851 $20,861 $18,269 Stock compensation expense (1,146) (1,650) (4,183) (3,811) Non-GAAP measure of cost of general and administrative $3,933 $4,201 $16,678 $14,458 Income (Loss) from Operations $(5,824) $(5,733) $(22,976) $(24,487) Stock compensation expense 3,226 3,820 14,063 11,120 Amortization of acquired Inventory step-up in basis - - - 170 Amortization of purchased intangible assets 328 235 1,185 840 --- --- ----- --- Non-GAAP measure of Income (Loss) from Operations $(2,270) $(1,678) $(7,728) $(12,357) Net Income (Loss) $(5,878) $(5,288) $(21,713) $(21,423) Stock compensation expense
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