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Sequenom, Inc. Reports Financial Results For The Third Quarter Of 2013
Date:11/7/2013

1,38715,079Operating expenses:Selling and marketing

12,40012,65239,50933,639Research and development

10,41512,18937,26837,103General and administrative

14,13110,12640,34927,425Restructuring costs

6,018—6,018—Total operating expenses

42,96434,967123,14498,167Loss from operations

(26,055)(29,661)(81,757)(83,088)Interest expense, net

(2,106)(600)(6,396)(1,146)Other income (expense), net

11144(134)(1)Loss before income taxes

(28,050)(30,217)(88,287)(84,235)Income tax expense

(98)(20)(244)(42)Net loss

$ (28,148)$(30,237)$(88,531)$(84,277)Net loss per common share, basic and diluted

$   (0.24)$   (0.26)$ (0.77)$ (0.74)Weighted average number of shares outstanding, basic and diluted

115,592114,712115,255113,263 SEQUENOM, INC.CONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited)(In thousands)September 30, 2013December 31, 2012AssetsCurrent assets:Cash, cash equivalents and marketable securities

$

84,713$

175,942Accounts receivable, net

8,6207,887Inventories

20,23410,570Other current assets and prepaid expenses

4,1943,075Total current assets

117,761197,474Property, equipment and leasehold improvements, net

29,90733,494Other assets

17,15617,987Total assets

$

164,824$

248,955Liabilities and stockholders' equity (deficit)Current liabilities:Accounts payable

$

15,403$

16,469Accrued expenses

24,83224,507Long-term debt and obligations, current portion

7,6317,601Other current liabilities

4,3412,713Total current liabilities

52,20751,290Long-term liabilities

143,646149,658Total stockholders' equity (deficit)

(31,029)48,007Total liabilities and stockholders' equity(deficit)

$

164,824$

248,955 SEQUENOM, INC.REC
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SOURCE Sequenom, Inc.
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