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Sequenom, Inc. Reports Financial Results For The Fourth Quarter And Full Year Of 2012

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[Financial tables follow]

 SEQUENOM, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(unaudited)(in thousands, except per share data)Three months endedFor the years endedDecember 31,December 31,2012201120122011As RestatedAs RestatedRevenues:Diagnostic services

8,319Genetic analysis product sales and services

12,60612,65143,24047,588Total revenues

33,67215,48489,69755,907Costs and expenses:Cost of diagnostics services

17,1695,40947,28310,031Cost of genetic analysis product sales and services

4,1933,84515,02516,360Total cost of revenues

21,3629,25462,30826,391Gross margin

12,3106,23027,38929,516Selling and marketing

13,7728,23644,93928,010Research and development

14,33913,07454,11553,585General and administrative

13,6656,84841,09022,185Total operating expenses

41,77628,158140,144103,780Loss from operations

(29,466)(21,928)(112,755)(74,264)Other (loss) income, net

(3,610)(206)(4,580)202Loss before income taxes

(33,076)(22,134)(117,335)(74,062)Income tax benefit (expense)

311(42)269(95)Net loss

(32,765)$   (22,176)$ (117,066)$  (74,157)Net loss per share, basic and diluted

(0.75)Weighted average shares outstanding, basic and diluted


 SEQUENOM, INC.CONDENSED CONSOLIDATED BALANCE SHEETS(unaudited)(in thousands)December 31,December 31,20122011As RestatedAssets:Cash, cash equivalents, marketable securities

84,216Accounts receivable, net


10,5708,729Prepaid expenses and other assets

3,0753,533Total current assets

197,474103,450Property, equipment and leasehold improvements

SOURCE Sequenom, Inc.
Copyright©2012 PR Newswire.
All rights reserved

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