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Genoptix Reports Strong Financial Results for the Fourth Quarter and Full Year 2007
Date:2/12/2008

as filed with the United States Securities and Exchange Commission on February 12, 2008. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. Genoptix undertakes no obligation to update any forward-looking statements to reflect new information, events or circumstances after the date they were made, or to reflect the occurrence of unanticipated events.

[Financial tables follow]

GENOPTIX, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

December 31,

2007 2006

Assets

Current assets:

Cash and cash equivalents $50,624 $3,865

Investment securities available-for-sale 34,836 -

Accounts receivable, net of allowance for

doubtful accounts 9,013 4,766

Other current assets 1,409 270

Total current assets 95,882 8,901

Property and equipment, net 1,950 1,287

Other long-term assets - 14

Total assets $97,832 $10,202

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable and accrued expenses $4,312 $1,987

Accrued compensation 2,496 1,058

Deferred revenue 95 39

Current portion of long-term debt - 1,524

Total current liabilities 6,903 4,608

Deferred rent
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SOURCE Genoptix, Inc.
Copyright©2008 PR Newswire.
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