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Vermillion Reports Second Quarter 2012 Results
Date:8/14/2012

y and equipment, net 

186216Other assets

-2Total assets

$   18,918$
23,111Liabilities and Stockholders' EquityCurrent liabilities:Accounts payable 

$
582$
,331Accrued liabilities 

2,3212,592Short-term debt

7,0007,000Deferred revenue

853553Total current liabilities 

10,75611,476Deferred revenue

9971,224Other liabilities

-52Total liabilities 

11,75312,752Commitments and contingenciesStockholders' equity:Preferred stock, $0.001 par value, 5,000,000 shares authorized, none issued andoutstanding at June 30, 2012 and December 31, 2011, respectively

--Common stock, $0.001 par value, 150,000,000 shares authorized at June 30, 2012and December 31, 2011; 15,040,913 and 14,900,831 shares issued and outstanding at June 30, 2012 and December 31, 2011, respectively

1515Additional paid-in capital 

327,353326,796Accumulated deficit 

(320,049)(316,299)Accumulated other comprehensive loss 

(154)(153)Total stockholders' equity

7,16510,359Total liabilities and stockholders' equity

$   18,918$
23,111 

 Vermillion, Inc.Consolidated Statements of Operations(Amounts in Thousands, Except Share and Per Share Amounts)(Unaudited)Three Months Ended June 30, Six Months Ended June 30, 2012201120122011Revenue:Product

$
208$
91$
406$
508License

113113227227Total revenue

321304633735Cost of revenue:Product 

28376679Total cost of revenue

28376679Gross profit

293267567656Operating expenses:Research and development(1)

1,0021,6311,4542,849Sales and marketing(2)

1,1221,5032,6402,821General and administrative(3)

1,8402,7302,3085,030Total operating expenses 

3,9645,8646,40210,700Loss from operations 


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SOURCE Vermillion, Inc.
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