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Insulet Reports Third Quarter 2008 Results
Date:11/6/2008

2007

(In thousands, except share and per share data)

(Unaudited)

Revenue $10,110 $3,791 $24,198 $9,011

Cost of revenue 10,197 7,583 29,980 19,054

Gross loss (87) (3,792) (5,782) (10,043)

Operating expenses:

Research and development 3,263 2,231 9,569 7,221

General and administrative 6,308 3,388 16,900 8,845

Sales and marketing 10,176 4,144 29,735 10,652

Impairment of assets - 1,027 - 1,027

Total operating

expenses 19,747 10,790 56,204 27,745

Operating loss (19,834) (14,582) (61,986) (37,788)

Net interest income (expense) (918) 943 (2,522) (9)

Change in value of preferred

stock warrant liability - - - (74)

Net loss $(20,752) $(13,639) $(64,508) $(37,871)

Net loss per share basic

and diluted $(0.75) $(0.52) $(2.34) $(2.85)

Weighted-average number of

shares used in calculating

net loss per share 27,716,473 26,322,763 27,560,258 13,294,107

CONDENSED CONSOLIDATED BALANCE SHEET DATA:

As of As of

September 30, December 31,

2008 2007

(Unaudited)

(In thousands)

Cash $74,134 $94,588

Total assets
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SOURCE Insulet Corporation
Copyright©2008 PR Newswire.
All rights reserved

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