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NeoGenomics Announces Results for the Second Quarter of Fiscal Year 2008
Date:7/31/2008

our business. Net income for the first six months of 2008 increased by approximately $1,000,000 to ($193,000) or ($0.01/share) from ($1,193,000) or ($0.04/share) for comparable period in 2007.

Mr. Gasparini concluded by saying, "Moving forward, we expect to continue to scale revenues as rapidly as possible without compromising quality, but we will need to continue to add laboratory personnel to support this growth. In addition, we plan to continue to add sales representatives as the year unfolds to better position ourselves for 2009, but we don't expect to add much additional general and administrative headcount to our corporate overhead. In fact, we have already made four net new sales hires during the third quarter. While we always strive to match incremental expense with incremental revenue, this is a fairly difficult and complex choreography and it is not always easy to get the timing right. For example, it generally takes 2-4 months to bring new sales representatives up to full productivity. Shareholders should expect that we will continue to invest in growth initiatives that will provide long-term shareholder value, and as a result, it may not be possible to consistently drop as large a percentage of our incremental revenue to net income as we did in the second quarter. Rest assured however, that we will strive to balance investing for growth initiatives with our strong desire for profits."

The Company has scheduled a webcast and conference call to discuss these results later this morning at 11:00 AM EDT. Interested investors should dial (877) 407-8033 (domestic) and (201) 689-8033 (international) at least five minutes prior to the call. A replay of the conference call will be available until 11:59 PM on August 15, 2008 and can be accessed by dialing (877) 660-6853 (domestic) and (201) 612-7415 (international). The playback account number is 286 and the playback conference ID Number/PIN Number is 292749. The web-cast may be accessed u
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SOURCE NeoGenomics, Inc.
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