Clarient Inc. reported unaudited consolidated financial results for the third quarter and nine months ended September 30, 2009. Results included a 13% increase in net revenues for the third quarter of 2009 as compared to the third quarter of 2008. Third quarter net revenue was $21.4 million, compared to $19.0 million for the same period in 2008. Third quarter net revenue was reduced by a change in estimate of expected third-party payor reimbursements based upon their cash collection behavior over the past fifteen months. The Company's loss from continuing operations before income taxes for the third quarter of 2009 was $3.2 million compared with an operating loss of $2.2 million for the same period of 2008. The company's net loss for the third quarter 2009 was $3.2 million, or $0.04 per share applicable to common stockholders. In the third quarter of 2008, the Company reported a net loss of $2.2 million, or $0.03 per share applicable to common stockholders. Adjusted EBITDA for the 2009 third quarter was a negative $1.6 million, compared to adjusted EBITDA of $1.4 million in the third quarter of 2008. The company reported loss from operations of $3.1 million or $0.04 per share against income from operations of $185,000 or $0.03 per share for the same period a year ago. Net revenue for this year's first nine months was $68.3 million, a 32% increase from $51.8 million over the prior year period. For the nine months ended September 30, 2009, loss from continuing operations before income taxes was $4.9 million compared to a loss from continuing operations before income taxes of $7.4 million for the nine months ended September 30, 2008. For the nine months ended September 30, 2009 and 2008, the net loss was $3.4 million and $7.4 million, respectively. Net loss per share applicable to common stockholders for the nine months ended September 30, 2009 and 2008 was $0.10 and $0.10, respectively. For the 2009 nine-month period, adjusted EBITDA was $3.1 million, compared to adjusted EBITDA of $2.6 million in the prior year period, an increase of 19%. The company reported loss from operations of $806,000 or $0.11 per share against loss from operations of $1.7 million or $0.10 per share for the same period a year ago. The company revised revenues outlook for the full year of 2009. The company is now revising their revenue guidance for 2009 to $90 million to $94 million from the previous range of $96 million to $101 million. Even at the low end of the range, this will represent a year-over-year growth rate of greater than 22% from 2008 revenues of $73.7 million.

Clarient, Inc., Q3 2009 Earnings Call, Nov-03 2009

Clarient, Inc. expected to Report Fiscal Year 2009 Results on March 11, 2010. This event was calculated by Capital IQ (Created on October 29, 2009).