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



