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Caliper Life Sciences Reports First Quarter 2011 Results
Date:5/2/2011

ress with the integration of CRi, and overall positive momentum going into the second quarter.  We had strong revenue growth in each of our strategic business units as we continue to transform Caliper into a premier provider of tools, technologies and services enabling personalized medicine.  In addition, we were pleased to deliver higher gross margins and positive operating cash flow for our third consecutive quarter," commented Kevin Hrusovsky, President and CEO of Caliper Life Sciences.   "We remain encouraged regarding the strength of our end markets, namely next generation sequencing, molecular diagnostics, biologics, tissue analysis and imaging, and the momentum of our new products and services associated with personalizing medicine / healthcare," added Hrusovsky.

Analysis of First Quarter 2011 Results

  • Caliper's revenues increased 25% in the first quarter of 2011 compared to the same period of 2010.  Non-GAAP revenues grew 37% in the first quarter of 2011 compared to the same period of 2010, comprised of 26% organic growth, 10% acquisition-driven growth and 1% favorable currency benefit.
  • Revenues from Caliper's Imaging business unit grew 44%, comprised of 25% growth from existing pre-clinical in vivo molecular imaging product lines due to continuing strong market demand and 19% acquisition-driven growth added by CRi's tissue analysis products.
  • Revenues from Caliper's Research business unit grew 22% on a non-GAAP basis excluding the impact from certain Automation product lines divested in May 2010.  Revenue related to Caliper's LabChip products grew 30% driven by strong demand for research applications, next-generation sequencing and adoption for molecular diagnostic applications.  Revenue related to Caliper's ongoing Automation products grew 11% on a non-GAAP basis, driven by growing application needs for genomic sample preparation and next-generation sequencing.
  • Revenues from Caliper's C
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  • SOURCE Caliper Life Sciences, Inc.
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