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Cepheid Reports 2013 First Quarter Results
Date:4/18/2013

496$
34,640Gross margin on sales per GAAP53%54%Gross margin on sales per Non-GAAP55%55%Operating expenses$
46,616$
47,665  Stock compensation expense(5,735)(4,863)  Amortization of purchased intangible assets(374)(316)Non-GAAP measure of operating expenses$
40,507$
42,486Income (loss) from operations$
320$
(7,665)  Stock compensation expense6,2775,498  Amortization of purchased intangible assets1,228649Non-GAAP measure of income from operations$
7,825$
(1,518)Net income (loss)$
313$
(5,526)  Stock compensation expense6,2775,498  Amortization of purchased intangible assets1,228649  Tax benefit related to intercompany IP transaction-(1,815)Non-GAAP measure of net income$
7,818$
(1,194)Basic net income (loss) per share$
.00$
(0.08)  Stock compensation expense0.100.08  Amortization of purchased intangible assets0.020.01  Tax benefit related to intercompany IP transaction-(0.03)Non-GAAP measure of net income per share$
.12$
(0.02)Diluted net income (loss) per share$
.00$
(0.08)  Stock compensation expense0.090.08  Amortization of purchased intangible assets0.020.01  Tax benefit related to intercompany IP transaction-(0.03)Non-GAAP measure of net income per share$
.11$
(0.02)Shares used in computing basic net income (loss) per share66,82465,027Shares used in computing diluted net income (loss) per share69,40665,027 

CONTACTS:For Media Inquiries:For Investor Inquiries:Jared Tipton

Cepheid Corporate Communications

Tel: (408) 400 8377

communications@cepheid.com

Jacquie Ross

Cepheid Investor Relations

Tel: (408) 400 8329

investor.relations@cepheid.com


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