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Cepheid Reports Record Revenue of $44.8 Million
Date:5/1/2008

of complicated and time-intensive steps, including sample preparation, DNA amplification and detection, which enable the analysis of complex biological samples in its proprietary test cartridges. Through its strong molecular biology capabilities, the company is focusing on those applications where rapid molecular testing is particularly important, such as identifying infectious disease and cancer in the clinical market; food, agricultural, and environmental testing in the industrial market; and identifying bio-terrorism agents in the biothreat market. See http://www.cepheid.com for more information.

(FINANCIAL STATEMENTS FOLLOW)

CEPHEID

CONDENSED CONSOLIDATED UNAUDITED STATEMENTS OF OPERATIONS

(in thousands, except per share data)

Three Months Ended

March 31,

2008 2007

Revenues:

System sales $14,324 $6,837

Reagent and disposable sales 27,596 15,230

Total product sales 41,920 22,067

Other revenues 2,913 3,477

Total revenues 44,833 25,544

Costs and operating expenses:

Cost of product sales 22,986 13,877

Collaboration profit sharing 3,733 3,497

Research and development 9,898 6,922

Sales and marketing 6,941 4,493

General and administrative 4,747 3,935

Total costs and operating expenses
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SOURCE Cepheid
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