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Orchid Cellmark Reports Second Quarter 2008 Financial Results
Date:7/31/2008

her income (expense), net 368 309 719 516

Loss before income tax expense (1,224) (392) (3,744) (1,816)

Income tax expense (benefit) (3) 353 (249) 612

Net loss $(1,221) $(745) $(3,495) $(2,428)

Basic and diluted net loss per share $(0.04) $(0.03) $(0.12) $(0.08)

Shares used in computing basic and

diluted net loss per share: 29,935 29,322 29,935 29,321

Orchid Cellmark Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

June 30, 2008 and December 31, 2007

(In thousands)

(Unaudited)

June 30, December 31,

2008 2007

Assets:

Current assets

Cash and cash equivalents $17,254 $20,918

Accounts receivable, net 11,297 9,516

Inventory 1,766 1,443

Prepaids and other current assets 1,890 2,151

Total current assets 32,207 34,028

Fixed assets, net 6,703 7,440

Goodwill 9,664 9,519

Other intangibles, net 8,736 9,694

Restricted cash - 958

Other assets 502 490

Total assets $57,812 $62,129

Liabilities and Stockholders' Equity:

Current liabilities

Accounts payable $1,681
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SOURCE Orchid Cellmark Inc.
Copyright©2008 PR Newswire.
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