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Vermillion Reports Third Quarter 2012 Results
Date:11/12/2012

,111 

Vermillion, Inc.Consolidated Statements of Operations(Amounts in Thousands, Except Share and Per Share Amounts)(Unaudited)Three Months Ended

September 30, Nine Months Ended

September 30, 2012201120122011Revenue:Product

$ 205$ 206$ 611$ 714License

114114341341Total revenue

3193209521,055Cost of revenue:Product

332699105Total cost of revenue

332699105Gross profit

286294853950Operating expenses:Research and development(1)

4291,3701,8834,219Sales and marketing(2)

1,0821,4993,7224,320General and administrative(3)

1,0731,9523,3816,982Total operating expenses

2,5844,8218,98615,521Loss from operations

(2,298)(4,527)(8,133)(14,571)Interest income

7182355Interest expense

(66)(100)(197)(330)Gain on sale of instrument business

50-1,830-Gain on litigation settlement, net

331-710-Change in fair value of warrants

-32-374Reorganization
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SOURCE Vermillion, Inc.
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