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Affymetrix Reports Second Quarter 2013 Operating Results

Affymetrix, Inc., (NASDAQ: AFFX) today reported its operating results for the second quarter of 2013.

Results for the three months ended June 30, 2013:

  • Total revenue was $79.5 million, which included revenue from eBioscience of $18.8 million.
  • Product revenue was $74.2 million, as compared to product revenue on a combined pro forma basis for the second quarter of 2012 of $75.5 million, a decline of less than 2%. Please refer to "Itemized Reconciliation Between GAAP and Pro Forma Product Revenue" for a reconciliation of these GAAP and Non-GAAP financial measures.
  • GAAP net loss was $6.1 million, or $0.09 per diluted share, as compared to a net loss of $21.5 million, or $0.30 per diluted share, in the second quarter of 2012.
  • Non-GAAP net income was $2.8 million, or $0.04 per diluted share, as compared to a Non-GAAP net loss of $1.2 million, or $0.02 per diluted share, for the second quarter of 2012. Please refer to "Itemized Reconciliation Between GAAP and Non-GAAP Net Loss" for a reconciliation of these GAAP and Non-GAAP financial measures.
  • Total balance in cash and cash equivalents was $44.1 million at the end of June 30, 2013.

Product revenue for the second quarter of 2013 was $74.2 million and service and other revenue was $5.3 million. This compares to product revenue of $58.5 million and service and other revenue of $7.9 million in the second quarter of 2012. Product revenue for the second quarter of 2013 included Affymetrix core consumable revenue of $51.2 million, instrument revenue of $4.2 million and revenue from eBioscience of $18.8 million. Product revenue for the second quarter of 2012 included Affymetrix core consumable revenue of $53.3 million and instrument revenue of $3.8 million and revenue from eBioscience of $1.4 million.

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