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Sequenom, Inc. Reports Financial Results For The First Quarter Of 2012

ocuments subsequently filed with or furnished to the Securities and Exchange Commission. These forward-looking statements are based on current information that may change and you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement, and Sequenom, Inc. undertakes no obligation to revise or update any forward-looking statement to reflect events or circumstances after the issuance of this press release.


[Financial tables follow]SEQUENOM, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(in thousands, except per share data)Three months endedMarch 31,(unaudited)20122011Revenues:Genetic analysis product sales and services

,844Diagnostic services

4,7801,666Total revenues

14,92013,510Costs and expenses:Cost of genetic analysis product sales and services anddiagnostics services

9,4785,013Gross Margin

5,4428,497Selling and marketing

9,7576,060Research and development

12,66310,722General and administrative

7,3504,838Total operating expenses

29,77021,620Loss from operations

(24,328)(13,123)Other (loss) income, net

(123)404Loss before income taxes

(24,451)(12,719)Income tax (expense) benefit

(2)49Net loss

(12,670)Net loss per share, basic and diluted

(0.13)Weighted average shares outstanding, basic and diluted

 SEQUENOM, INC.CONDENSED CONSOLIDATED BALANCE SHEETS(in thousands except for par value and share information)March 31,December 31,20122011Assets:

(unaudited)(audited)Cash, cash equivalents, marketable securities

SOURCE Sequenom, Inc.
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