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Sequenom Announces Preliminary 2013 Operational Highlights And Objectives For 2014
Date:1/12/2014

SAN DIEGO, Jan. 12, 2014 /PRNewswire/ -- Sequenom, Inc. (NASDAQ: SQNM), a life sciences company providing innovative testing and genetic analysis solutions, today announced preliminary highlights of the Company's 2013 performance, accomplishments and outlined key corporate objectives for 2014.

Preliminary 2013 Performance Results (unaudited)

  • Total revenue of approximately $162 million, showing growth of approximately 81% year-over-year for 2013
  • Diagnostic services revenues of approximately $120 million, as compared to $46.5 million in 2012.  Diagnostic services revenues continue to be recorded primarily as cash is received
  • High margin stable revenue in the Sequenom Bioscience business of over $42 million
  • Total cash, cash equivalents and marketable securities as of December 31, 2013 were approximately $71 million
  • Cash burn was reduced to approximately $14 million for the fourth quarter of 2013
  • Unrecorded diagnostic accounts receivable are estimated to be $46 to $51 million as of December 31, 2013

Recent Key Accomplishments

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