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Veracyte, Inc. Announces Third Quarter 2013 Financial Results
Date:11/25/2013

inistrative 

3,2442,1038,7725,721Total operating expenses 

11,6958,16332,45720,984Loss from operations 

(6,101)(4,939)(17,411)(13,813)Interest expense 

(126)–(131)–Other income (expense), net 

(76)1(2,146)1Net loss and comprehensive loss 

$
(6,303)$
(4,938)$
(19,688)$
(13,812)Net loss per common share, basic and diluted 

$
(6.59)$
(7.49)$
(22.87)$
(21.40)Shares used to compute net loss per common share, basic and diluted 

955,890659,129860,957645,306CONDENSED BALANCE SHEETS(Unaudited)(In thousands, except share and per share amounts)September 30,December 31,20132012AssetsCurrent assets:Cash and cash equivalents

$
5,426$
4,002Accounts receivable, net of allowance of $364 and $222 as of September 30, 2013 and December 31, 2012

714569Supplies inventory

1,3921,050Prepaid expenses and other current assets

2,938710Restricted cash

–50Total current assets

20,47016,381Property and equipment, net

2,8262,446Restricted cash

118118Other assets

157122Total assets

$
23,571$
9,067Liabilities, Convertible Preferred Stock, and Stockholders' (Deficit) EquityCurrent liabilities:Accounts payable

$
5,604$
,888Accrued liabilities

4,4164,020Deferred Genzyme co‑promotion fee

2,5002,500Preferred stock liability

–583Total current liabilities

12,5208,991Long‑term debt, net of discount

4,863–Deferred rent, net of current portion

25061Preferred stock warrant liability

252–Deferred Genzyme co‑promotion fee, net of current portion

3,2395,114Total liabilities

21,12414,166Commitments and contingenciesConvertible preferred stock; $0.001 par value, 60,187,700 and 59,147,999 shares authorized at September 30, 2013 (unaudi
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SOURCE Veracyte
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