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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