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

48,305 32,724

Loss from operations (3,472) (7,180)

Other income, net 1,282 1,027

Net loss before income tax benefit (2,190) (6,153)

Income tax benefit 340 -

Net loss $(1,850) $(6,153)

Basic and diluted net loss per share $(0.03) $(0.11)

Shares used in computing basic and

diluted net loss per share 56,152 55,012

CEPHEID

CONDENSED CONSOLIDATED UNAUDITED BALANCE SHEETS

(in thousands)

March 31, December 31,

2008 2007

ASSETS

Current assets:

Cash and cash equivalents $20,000 $16,476

Marketable securities - 27,550

Accounts receivable, net 26,540 21,263

Inventory 27,094 23,821

Prepaid expenses and other current assets 3,848 2,565

Total current assets 77,482 91,675

Property and equipment, net 20,168 17,174

Investments 22,856 -

Other non-current assets 488 923

Intangible assets 39,474 40,629

Goodwill 14,844 14,844

Total assets $175,312 $165,245

LIABILITIES AND SHAREHO
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SOURCE Cepheid
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