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Genoptix Reports Strong Financial Results for First Quarter 2008
Date:5/8/2008

referred stock, resulting in $0 of net income allocable to common

stockholders.

GENOPTIX, INC.

PRO FORMA NET INCOME PER SHARE (1)

(Unaudited)

Three Months Ended

March 31,

Pro forma

2008 2007

(in thousands, except per share data)

Numerator:

Net income allocable to common

stockholders $5,007 $1,325

Denominator:

Weighted average shares of common stock

outstanding 16,185 197

Weighted average unvested shares of common

stock subject to repurchase (29) (43)

Adjustments to reflect the weighted average

effect of the assumed conversion of

convertible preferred stock (1) - 11,032

Pro forma weighted average shares of

common stock outstanding - basic 16,156 11,186

Dilutive effect of common equivalent shares 1,337 1,532

Pro forma weighted average shares of

common stock outstanding - diluted 17,493 12,718

Pro forma net income per share (1):

Basic $0.31 $0.12

Diluted $0.29 $0.10

(1) As a result of the conversion of the Company's preferred stock into

11,032 shares of common stock upon completion of the Company's initial

public offering in November 2007, there is a lack of comparability in

the basic and diluted net income per share amounts for t
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SOURCE Genoptix, Inc.
Copyright©2008 PR Newswire.
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