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

stors and could distort performance measures involving our internal investments and the costs to support our operating structure.
  • We exclude purchase accounting adjustments and acquisition related costs from this measure because they occur as a result of specific event that could make comparisons of long-range trends difficult for management or investors and could distort performance measures involving our internal investments and the costs to support our operating structure.   The costs within the first quarter of 2011 relate to CRi and consist of a $0.5 million purchase accounting adjustment to value acquired inventory at fair value as well as a charge to terminate a CRi distributor relationship.

  • Reconciliation of GAAP to Non-GAAP Financial Measures (unaudited, continued)Non-GAAP Revenues for the Three Months Ended March 31, 2011Three Months Ended March 31,GAAPNon-GAAP Adjustments (1)Non-GAAPGAAP% Chg(2)Non-GAAP% Chg(2)(in thousands)201120102011201020112010Imaging

    $

    19,401$

    13,466$

    -$

    -$

    19,401$

    13,46644

    %44

    %  LabChip8,8296,769--8,8296,76930

    %30

    %  Automation5,3307,249-(2,458)5,3304,791(26)

    %11

    %Research14,15914,018-(2,458)14,15911,5601

    %22

    %Services (CDAS)2,2601,168--2,2601,16893

    %93

    %Total revenue

    $

    35,820$

    28,652$

    -$

    (2,458)$

    35,820$

    26,19425

    %37

    %(1) For purposes of comparing growth rates for each of the three principal product and service groups within our business, the above non-GAAP table reconciliations exclude revenues related to the TurboVap and RapidTrace product lines divested in May 2010.

    (2) Foreign currency changes increased reported revenue growth by approximately 1% in the first quarter of 2011.CALIPER LIFE SCIENCES, INC.SELECTED FINANCIAL INFORMATIONCONDENSED CONSOLIDATED BALANCE SHEETS(in thousands)March 31,De
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    SOURCE Caliper Life Sciences, Inc.
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