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

2008 2007 2008 2007 Revenues: System sales $11,058 $15,597 $51,766 $47,739 Reagent and disposable sales 25,059 21,268 107,617 68,793 ------ ------ ------- ------ Total product sales 36,117 36,865 159,383 116,532 Other revenues 1,712 3,562 10,244 12,941 ----- ----- ------ ------ Total revenues 37,829 40,427 169,627 129,473 ------ ------ ------- ------- Costs and operating expenses: Cost of product sales 19,561 21,452 89,040 69,174 Collaboration profit sharing 2,119 3,299 11,089 12,256 Research and development 10,837 8,717 43,310 31,449 Sales and marketing 7,511 6,841 29,757 22,812 General and administrative 5,079 5,851 20,861 18,269 Gain from legal settlement (1,454) - (1,454) - ------- -- ------- -- Total costs and operating expenses 43,653 46,160 192,603 153,960 ------ ------ ------- ------- Loss from operations (5,824) (5,733) (22,976) (24,487) Other income (expense), net (215) 658 352 3,277 ----- --- --- ----- Net loss, before income tax benefit (expense) (6,039) (5,075) (22,624)
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