Navigation Links
Genoptix Reports Strong Financial Results for the Second Quarter and Raises Guidance for Full-Year 2008
Date:7/31/2008

ing, or IPO. Diluted EPS was $0.60 for the first half of the year, including $0.19 of non-cash stock-based compensation expense.

The Company completed its IPO on November 2, 2007. On a pro forma basis, assuming conversion of all outstanding preferred stock, diluted EPS for the three and six months ended June 30, 2007 would have been $0.30 and $0.40, respectively (see "Pro Forma Net Income Per Share" table below).

Gross profit for the second quarter of 2008 improved 94% to $16.6 million from $8.6 million for the second quarter of 2007, or 59.7% of revenues as compared to 61.3% of revenues, respectively. Gross margins reflect the impact of additional costs associated with stock-based compensation and the investment in additional personnel to support our growing operations. For the first half of 2008, gross profits totaled $29.7 million, improving 104% as compared to $14.6 million for the same period in 2007, with gross profit at approximately 59.3% of revenues for the first half of 2008 being effectively flat year-over-year.

Operating expenses for the second quarter of 2008 increased to $11.4 million from $4.7 million in the second quarter of 2007 and to $20.4 million in the first half of 2008 from $9.3 million during the same period in 2007. These expenses were higher primarily due to investment in additional personnel to support organizational growth efforts, stock-based compensation expense and the increased costs associated with operating as a public company. Operating income for the second quarter of 2008 was $5.2 million, or 18.6% of revenues, as compared to $3.9 million, or 27.7% of revenues, during the same period in 2007. Operating income was $9.3 million, or 18.6% of revenues for the first half of 2008, up from $5.2 million, or 21.3% of revenues, for the first half of 2007.

As of June 30, 2008, the Company's cash and cash equivalents and investment securities available-for-sale totaled $96.1 million. For the six months ended June
'/>"/>

SOURCE Genoptix, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9

Related medicine news :

1. Genoptix Reports Strong Financial Results for First Quarter 2008
2. Genoptix Announces Participation at the Bank of America 2008 Healthcare Conference
3. Genoptix Announces 2008 Annual Stockholders Meeting and Date of Record
4. Genoptix Announces Participation at Lehman Brothers 11th Annual Global Health Care Conference
5. Genoptix Announces Participation at Cowen and Company 28th Annual Health Care Conference
6. Genoptix Announces Pricing of Secondary Public Offering
7. Genoptix Announces Filing of Registration Statement for Secondary Public Offering of Common Stock
8. Genoptix Reports Strong Financial Results for the Fourth Quarter and Full Year 2007
9. Genoptix, Inc. to Announce Fourth Quarter and Full Year 2007 Financial Results on February 12, 2008
10. Genoptix, Inc. Announces Pricing for Initial Public Offering
11. Poniard Pharmaceuticals Reports Second Quarter 2008 Financial Results and Corporate Update
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/28/2014)... (PRWEB) August 28, 2014 Commercial growers all ... new Kind K5 series LED grow lights, which perform on ... the wattage savings, Kind LED lighting needs no cooling equipment ... requires less cooling as well. Factoring in that they never ... lighting is less than a year. , For many indoor ...
(Date:8/28/2014)... 28, 2014 Following the death of an ... FDA issued a warning on powdered caffeine ... harmful substance that is readily available to consumers, despite the ... school senior Logan Stiner died from an overdose of caffeine ... leading the FDA to issue a safety advisory for caffeine ...
(Date:8/28/2014)... To kick off the fall season of sporting ... retailers across the country are offering 0% financing for ... Tub Tailgate Event is from August 29th-September 15th. ... and to apply early! , As the leader in ... of outdoor hot tubs with exclusive features at your ...
(Date:8/28/2014)... healthy volunteers in the UK, The Gambia and Mali ... of safety trials of potential vaccines aimed at preventing ... in the current outbreak in West Africa. , Human ... US National Institutes of Health (NIH) and GlaxoSmithKline, are ... in response to the Ebola epidemic, which the World ...
(Date:8/28/2014)... 2014) A fortuitous collaboration at Rice University ... recently discovered natural antibiotic. , The laboratory recreation ... help bolster the fight against bacteria that evolve ... the world. , As part of the ... biologist Yousif Shamoo and their colleagues created and ...
Breaking Medicine News(10 mins):Health News:New Kind K5 Series LED Grow Lights Pave Way for Future of Indoor Gardening 2Health News:FDA Issues Safety Advisory for Caffeine Powders 2Health News:Ebola vaccine trials fast-tracked by international consortium 2Health News:Ebola vaccine trials fast-tracked by international consortium 3Health News:Ebola vaccine trials fast-tracked by international consortium 4Health News:Synthesis produces new antibiotic 2Health News:Synthesis produces new antibiotic 3Health News:Synthesis produces new antibiotic 4
... Geffen School of Medicine and the Henry Samueli School of ... have successfully// transformed adult stem cells taken from human adipose, ... normal function of a large number of organs like the ... their study might help lead to the use of fat ...
... A new approach to detecting cancer has recently been ... detect cancer cells of many malignancies before// they turn ... that they have applied this technique to detect leukemia ... approach to diagnosing cancer at the molecular level." This ...
... to a study conducted by the researchers at the ... diet in pregnancy influences the child's susceptibility to atherosclerosis. ... children and correlated that the lower the mother's calorific ... The researchers used ultrasound scans to measure the thickness ...
... time high in the United Kingdom, and space sensors have ... levels. //According to the Met office reports, during the period ... high in UK along with nitrogen dioxide pollution, which is ... ,These facts are dramatically demonstrated by the latest images ...
... cases of malaria are reported each year. However, a ... Leeds, //with funding from the Bill & Melinda Gates ... from the disease. ,Design lecturer Dr Stephen ... at the Roslin Biocentre will develop a precisely engineered ...
... which environmental stimulation decelerates Alzheimer's disease, further affirming ... decline. ,A paper to this effect ... amyloid angiopathy and A? plaque burden after enriched ... appears in the2006 August issue of The American ...
Cached Medicine News:Health News:UCLA Researchers Transform Stem cells From Fat tissues Into Smooth Muscle 2Health News:UCLA Researchers Transform Stem cells From Fat tissues Into Smooth Muscle 3Health News:New Technique To Diagnose Cancer At Molecular Level 2Health News:Sensor Images Show Soaring Temperature and Pollution Levels in UK 2Health News:Revolutionary Net To Control Malaria 2Health News:Active Life Decelerates Alzheimer's 2
(Date:8/28/2014)... 28, 2014 Nonin Medical, Inc., the inventor ... medical monitoring, today announced that the Food and Drug ... finger pulse oximeter for use in the ... into a telemedicine hub or kiosk through a USB ... pediatric to adult patients. The Model 3231 received EU ...
(Date:8/28/2014)... Aug. 28, 2014   Edison Nation Medical ... a worldwide search for product ideas to improve ... Promising ideas uncovered through the 6-month search ( ... device manufacturers and healthcare retailers with whom Edison ... of individuals age 65 and older. ...
(Date:8/28/2014)... 28, 2014 The new ... Market (products, applications, techniques, end users and Geography) ... Forecast, 2013 - 2020," indicates that the global ... 2020 registering a CAGR of 9.8% from 2014 ... and cost effectiveness over alternative diagnostic techniques are ...
Breaking Medicine Technology:Nonin Medical Announces FDA Clearance of Nonin Model 3231 USB Pulse Oximeter 2Edison Nation Medical Launches Open Innovation Search to Uncover Innovative Senior Care Products 2Edison Nation Medical Launches Open Innovation Search to Uncover Innovative Senior Care Products 3DNA Diagnostics Market is Expected to Reach $19 Billion by 2020 - Allied Market Research 2DNA Diagnostics Market is Expected to Reach $19 Billion by 2020 - Allied Market Research 3
... Therapeutics (Nasdaq: NKTR ) will announce its financial ... Wednesday, April 27, 2011, after the close of U.S.-based financial ... a conference call to review the results beginning at 5:00 ... The press release and a live audio-only Webcast of ...
... processes happen in the blink of an eye – ... events virtually impossible. The advent of magnetoencephalography (MEG) changed ... measured in milliseconds, and offering the potential to reveal ... University of Technology is set to join the global ...
Cached Medicine Technology:Nektar to Announce Financial Results for the First Quarter of 2011 on Wednesday, April 27, 2011, After Close of U.S.-Based Financial Markets 2Australian Center Readies Brain Research Program for Addition of Elekta MEG System 2Australian Center Readies Brain Research Program for Addition of Elekta MEG System 3Australian Center Readies Brain Research Program for Addition of Elekta MEG System 4
For Atrial Mapping. Biosense Webster offers a complete line of specialty 20-pole catheters. The CRISTA CATH 20-pole deflectable catheter is designed for positioning along the crista terminals....
... Inquiry H Steerable Catheter. Steerable ... variety of designs and a ... stability. 10 to 24 electrodes, ... inactive and active tip electrodes, ...
Sophisticated DecaPolar Catheters provide enhanced recording and mapping quality....
... Torqr Quadripolar Braided Shaft ... The Medtronic CardioRhythm Torqr ... use in diagnostic electrophysiologic ... designed for recording intracardiac ...
Medicine Products: