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Gen-Probe Reports Strong Financial Results for First Quarter 2008, Raises Full-Year Guidance
Date:4/28/2008

2008 2007

Revenues:

Product sales $101,507 $87,152

Collaborative research revenue 2,459 2,352

Royalty and license revenue 18,597 11,547

Total revenues 122,563 101,051

Operating expenses:

Cost of product sales 32,636 29,160

Research and development 23,066 20,258

Marketing and sales 11,908 9,536

General and administrative 11,937 11,281

Total operating expenses 79,547 70,235

Income from operations 43,016 30,816

Interest income 4,207 2,675

Other income/(expense) 1,473 (130)

Total other income, net 5,680 2,545

Income before income tax 48,696 33,361

Income tax expense 16,751 11,886

Net income $31,945 $21,475

Net income per share:

Basic $0.59 $0.41

Diluted $0.58 $0.40

Weighted average shares outstanding:

Basic 53,796 52,170

Diluted 55,023 53,634

Gen-Probe Incorporated

Consolidated Statements of Cash Flows

(In thousands)


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SOURCE Gen-Probe Incorporated
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