News Column

Nanosphere Announces Record Revenues and Placements, and Key Leadership Changes

Page 4 of 4

                              Nanosphere, Inc.                          Statements of Operations          (dollars and shares in thousands except per share data)                                                Years Ended December 31,                                            -------------------------------                                               2012       2011       2010                                            ---------  ---------  ---------REVENUE:  Product sales                             $   5,034  $   2,433  $   1,416  Grant and contract revenue                       44        100        610                                            ---------  ---------  ---------    Total revenue                               5,078      2,533      2,026COSTS AND EXPENSES:  Cost of sales                                 3,541      1,820      2,597  Research and development                     17,552     20,013     18,821  Sales, general, and administrative           16,890     16,154     22,007                                            ---------  ---------  ---------    Total costs and expenses                   37,983     37,987     43,425                                            ---------  ---------  ---------    Loss from operations                      (35,905)   (35,454)   (41,399)OTHER INCOME (EXPENSE):  Foreign exchange gain (loss)                     (8)       (13)         4  U.S. Treasury grant                              --         --        978  Interest expense                                (13)        --       (274)  Interest income                                  54         48         79                                            ---------  ---------  ---------    Total other income (expense)                   33         35        787                                            ---------  ---------  ---------NET LOSS                                    $ (32,872) $ (35,419) $ (40,612)                                            =========  =========  =========Net loss per common share - basic and diluted                                    $    (.67) $    (.94) $   (1.46)Weighted average number of common shares outstanding - basic and diluted               49,193     37,800     27,755                              Nanosphere, Inc.                               Balance Sheets                           (dollars in thousands)                                                        As of December 31,                                                     -----------------------                                                         2012        2011                                                     ----------- -----------Cash and cash equivalents                            $    33,139 $    39,273Inventories                                                7,326       2,325Other current assets                                       1,311       1,109                                                     ----------- -----------Total current assets                                      41,776      42,707Net property and equipment                                 2,872       4,522Intangible assets - net of accumulated amortization        2,733       3,033Other assets                                                  76          75                                                     ----------- -----------Total assets                                         $    47,457 $    50,337                                                     =========== ===========Total liabilities                                          5,225       4,728Total stockholders' equity                                42,232      45,609                                                     ----------- -----------Total liabilities and stockholders' equity           $    47,457 $    50,337                                                     =========== ===========




Contact:
Nanosphere, Inc.
Roger Moody
847-400-9021
Chief Financial Officer
rmoody@nanosphere.us

or

LifeSci Advisors
Michael Rice
646-597-6979
Founding Partner
mrice@lifesciadvisors.com

Nanosphere, Inc.
4088 Commercial Avenue
Northbrook, IL 60062





Source: Marketwire


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