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Genoptix Reports Strong Full-Year Financial Results for 2008 and Raises Guidance for 2009
Date:2/26/2009

ded Years Ended December 31, December 31, 2008 2007 2008 2007 (unaudited) Revenues $33,960 $18,562 $116,170 $59,332 Cost of revenues 13,268 7,563 45,931 24,106 Gross profit 20,692 10,999 70,239 35,226 Operating expenses: Sales and marketing 5,536 3,780 20,065 11,649 General and administrative 6,222 2,979 22,313 9,976 Research and development 230 96 1,233 559 Total operating expenses 11,988 6,855 43,611 22,184 Income from operations 8,704 4,144 26,628 13,042 Interest income 731 817 3,010 1,062 Interest expense 5 (122) - (353) Other income - - 28 41 Income before income taxes 9,440 4,839 29,666 13,792 Income tax (benefit) expense 4,090 165 (1,690) 439 Net income $5,350 $4,674 $31,356 $13,353 Net income per share:(1)(2) Basic $0.32 $0.30 $1.91 $1.20 Diluted $0.30 $0.27 $1.78 $0.78 Shares used to compute net income per share:(1)(2) Basic 16,587 10,367 16,399 2,756 Diluted 17,767 11,913 17,653 4,246 (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
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SOURCE Genoptix, Inc.
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