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

2007. By market, product sales were, in millions:

                         Three Months Ended       Full Year Ended
                             December 31             December 31
                         2008  2007 Change       2008   2007 Change
                         ----  ---- ------       ----   ---- ------

    Core Clinical       $24.7 $16.1     53%     $91.7  $43.4    112%
    Clinical Partner      2.3   6.1    -62%      16.5   17.6     -6%
        Total Clinical   27.0  22.2     22%     108.2   61.0     77%
    Industrial            3.9   3.3     18%      15.4   14.7      5%
    Biothreat             5.2  11.4    -54%      35.8   40.8    -12%
    Total Product Sales $36.1 $36.9     -2%    $159.4 $116.5     37%

  • By geography, product sales were, in millions:

                         Three Months Ended       Full Year Ended
                             December 31             December 31
                         2008  2007 Change       2008   2007 Change
                         ----  ---- ------       ----   ---- ------

    North America       $28.3 $29.1     -3%    $125.3  $92.8     35%
    International         7.8   7.8      0%      34.1   23.7     44%
    Total Product Sales $36.1 $36.9     -2%    $159.4 $116.5     37%

  • During the fourth quarter of fiscal 2008, Cepheid placed a total of 99 GeneXpert systems and 598 modules. For the full year 2008, 458 GeneXpert systems and 2,518 modules were installed. As of December 31, 2008, a cumulative total of 947 GeneXpert systems and 5,107 modules have been placed worldwide.

  • For the fourth quarter of fiscal 2008, GAAP gross margin on product sales was 45.8% and non-GAAP gross margin on product sales was 46.5%, which compares to 41.8% and
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SOURCE Cepheid
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