Sequenom Financials

Revenue/Financials

Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015

Revenue

162.4 m151.6 m128.3 m

Revenue growth, %

(7%)(15%)

Cost of goods sold

102.7 m83.5 m67 m

Gross profit

59.7 m68.1 m61.3 m

Gross profit Margin, %

37%45%48%

R&D expense

25 m

General and administrative expense

46.9 m

Operating expense total

71.9 m

EBIT

(98.4 m)(13.7 m)(7.9 m)

EBIT margin, %

(61%)(9%)(6%)

Interest expense

8.4 m8.2 m8.1 m

Interest income

55 k71 k

Pre tax profit

(107.1 m)(22 m)(16.1 m)

Income tax expense

(301 k)(7.7 m)(244 k)

Net Income

(107.4 m)1 m(16.3 m)

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016

Revenue

44 m46.3 m37.8 m32.8 m29.9 m27.6 m29.3 m

Cost of goods sold

27 m26.1 m19.3 m16.6 m15.1 m16.8 m13.8 m

Gross profit

16.9 m20.2 m18.5 m16.2 m14.8 m10.8 m15.5 m

Gross profit Margin, %

38%44%49%49%50%39%53%

R&D expense

10.4 m8.2 m7.1 m6.1 m5.9 m5.7 m5.9 m4.9 m4.1 m

General and administrative expense

14.1 m12.8 m14.6 m9.5 m8.7 m8.5 m8.4 m7.9 m7.3 m

Operating expense total

43 m33.6 m30.6 m23 m42.3 m39.8 m37.9 m38.9 m33.7 m

EBIT

(26.1 m)(13.5 m)(13.2 m)(6 m)16.5 m(7 m)(7.3 m)(11.4 m)(4.5 m)

EBIT margin, %

(59%)(29%)44%(21%)(24%)(41%)(15%)

Interest expense

2.1 m2.1 m2.1 m2 m2 m2 m2.1 m2.1 m2 m

Interest income

38 k38 k

Pre tax profit

(28.1 m)(15.5 m)(15.3 m)(8.2 m)(9.4 m)(13.4 m)(6.3 m)

Income tax expense

(98 k)(184 k)6.9 m2.1 m(76 k)(48 k)(84 k)(95 k)(57 k)

Net Income

(28.1 m)(15.7 m)4.5 m(6.1 m)14.3 m(9 m)(9.4 m)(13.4 m)(6.3 m)

Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015

Cash

61.6 m63.3 m50.3 m

Accounts Receivable

10.2 m9.1 m6.4 m

Inventories

17 m6.5 m2.4 m

Current Assets

101.5 m121.7 m89 m

Goodwill

10 m10 m10 m

Total Assets

144.7 m161.1 m118.8 m

Accounts Payable

10 m6.1 m5.2 m

Current Liabilities

49.6 m56 m21.5 m

Additional Paid-in Capital

967 m981.9 m991 m

Retained Earnings

(1 b)(1 b)(1 b)

Total Equity

(31.2 m)(38.4 m)

Financial Leverage

-5.2 x-3.1 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016

Cash

38.8 m45.3 m76.6 m45.3 m60.1 m56.2 m49.7 m45.2 m60.7 m

Accounts Receivable

8.6 m10.2 m5.5 m6.6 m7.7 m5.8 m6.3 m7 m7.3 m

Inventories

20.2 m13 m5 m6 m4.8 m3.5 m4.6 m3 m4.3 m

Current Assets

117.8 m83.1 m96.2 m86.8 m108.6 m102.2 m96.6 m79 m75.4 m

Goodwill

10 m10 m10 m10 m10 m10 m10 m10 m10 m

Total Assets

164.8 m122.9 m131.6 m134.6 m145.5 m136.6 m128.7 m104.6 m97.3 m

Accounts Payable

15.4 m9.8 m6.1 m7.7 m5.4 m6.1 m6.4 m7.1 m7.8 m

Current Liabilities

52.2 m42.3 m44.8 m50.3 m24.2 m22.3 m20.9 m20.5 m22.5 m

Total Liabilities

160.5 m157.7 m156.4 m154.5 m151.8 m

Additional Paid-in Capital

963.7 m970.6 m975.9 m979.4 m983.6 m986.7 m989.5 m992.9 m994.7 m

Retained Earnings

(995.4 m)(1 b)(1 b)(1 b)(999 m)(1 b)(1 b)(1 b)(1 b)

Total Equity

(31 m)(58.6 m)(49.3 m)(51.9 m)(15.1 m)(21 m)(27.7 m)

Financial Leverage

-5.3 x-2.1 x-2.7 x-2.6 x-9.6 x-6.5 x-4.6 x

Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015

Net Income

(107.4 m)1 m(16.3 m)

Depreciation and Amortization

15.1 m12.2 m

Accounts Receivable

(2.3 m)(6.6 m)

Inventories

(6.2 m)5.1 m

Accounts Payable

(90 k)(5.7 m)

Cash From Operating Activities

(85.6 m)(28.1 m)(13 m)

Cash From Investing Activities

29.4 m32.9 m

Cash From Financing Activities

(6.1 m)(5.7 m)

Interest Paid

7.4 m7.1 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q1, 2016Q2, 2016

Net Income

(28.1 m)(15.7 m)4.5 m(6.1 m)14.3 m(13.4 m)(19.8 m)

Depreciation and Amortization

2.2 m3.4 m

Accounts Receivable

(529 k)(863 k)

Inventories

(148 k)(1.4 m)

Accounts Payable

(1.1 m)(519 k)

Cash From Operating Activities

(10.1 m)(15.1 m)

Cash From Investing Activities

4.8 m25.6 m

Cash From Financing Activities

136 k(69 k)