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Genoptix Reports Operating Results for the Third Quarter and First Nine Months of 2010
Date:11/4/2010

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17,59117,08917,49216,909Diluted

18,14517,96518,16917,892GENOPTIX, INC.CONDENSED CONSOLIDATED BALANCE SHEETS(in thousands)September 30,
2010 December 31,
2009 (unaudited) AssetsCurrent assets: Cash and cash equivalents

$
20,068$
27,945 Short-term investment securities

118,503113,049 Accounts receivable, net

35,80127,707 Income tax receivable

1,598- Deferred tax asset

5,4065,406 Other current assets

3,3913,320Total current assets

184,767177,427Property and equipment, net

37,36113,826Restricted cash

180270Long-term investment security

4,5243,786Long-term deferred tax asset

1,5251,800Other long-term assets

1,824346Total assets

$
230,181$   197,455Liabilities and Stockholders' EquityCurrent liabilities: Accounts payable and accrued expenses

$
8,759$
8,322 Accrued compensation

7,7334,667 Income tax payable

1,4171,557 Deferred revenues

1,4541,225 Deferred rent

306331Total current liabilities

19,66916,102Long-term deferred rent

1,7221,732Other long-term liabilities

101117Stockholders' equity:Preferred stock

--Common stock

1817Additional paid-in capital

173,468160,064Treasury stock

(68)(25)Accumulated other comprehensive loss

(65)(546)Retained earnings

35,33619,994Total stockholders' equity

208,689179,504Total liabilities and stockholders' equity

$
230,181$   197,455GENOPTIX, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(unaudited)(in thousands)Nine Months Ended

September 30, 2010 2009 Operating activities:Net income

$
5,342$
23,278Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization

3,2012,583Provision for doubtful accounts

3,9632,240Stock-based compensation expense

9,5417,306Excess tax bene
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SOURCE Genoptix, Inc.
Copyright©2010 PR Newswire.
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