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Cepheid Reports Fourth Quarter And Full Year 2012 Results

>All forward-looking statements and reasons why results might differ included in this release are made as of the date of this press release, based on information currently available to Cepheid, and Cepheid assumes no obligation to update any such forward-looking statement or reasons why results might differ.




 Three Months Ended December 31, Years Ended
December 31, 2012201120122011Revenues:System sales

$  14,101$  20,371$   55,447$  61,948Reagent and disposable sales

75,55756,576266,101203,576Total product sales

89,65876,947321,548265,524Other revenues

2,7753,1679,66412,051Total revenues 

92,43380,114331,212277,575Costs and operating expenses:Cost of product sales 

42,89638,632153,365122,840Collaboration profit sharing 

1,4161,5827,1834,863Research and development

17,29916,65071,67359,362Sales and marketing

16,29414,49061,90750,691General and administrative

9,47010,15343,29836,004Litigation settlement

--15,110-Total costs and operating expenses 

87,37581,507352,536273,760Income (loss) from operations 

5,058(1,393)(21,324)3,815Other income (expense), net

241(506)(4)(1,143)Income (loss) before income taxes

5,299(1,899)(21,328)2,672Benefit from (provision for) income taxes

3452501,285(45)Net income (loss)

5,644$  (1,649)$ (20,043)$
2,627Basic net income (loss) per share 

.04Diluted net income (loss) per share 

.04Shares used in computing basic net income (loss) per share 

66,37064,11365,81262,735Shares used in computing diluted net income (loss) per share '/>"/>

SOURCE Cepheid
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