Income from operations 8,588 3,656 17,924 8,898
Interest income 671 118 2,279 245
Interest expense (5) (72) (5) (231)
Other (loss) income (16) (1) 28 41
Income before income taxes 9,238 3,701 20,226 8,953
Income tax (benefit) expense (6,190) 114 (5,780) 274
Net income $15,428 $3,587 $26,006 $8,679
Net income per share: (1)(2)
Basic $0.93 $0.43 $1.59 $0.82
Diluted $0.87 $0.06 $1.48 $0.10
Shares used to compute net income per
share: (1)(2)
Basic 16,535 239 16,336 191
Diluted 17,754 1,674 17,616 1,635
(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 the periods
presented above.
(2) For the three and nine months ended September 30, 2007, the Company
had net income of $3,587 and $8,679, respectively, of which $3,485 and
$8,522, respectively, was allocated to preferred stockholders for
purposes of calculating net income per share pursuant to the terms of
the preferred stock, resulting in $102 and $157, respectively, of net
income allocable to common stockholders.
GENOPTIX, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except par value
'/>"/>
| SOURCE Genoptix, Inc. Copyright©2008 PR Newswire. All rights reserved |