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Sequenom Reports First Quarter 2007 Financial Results

SAN DIEGO--(BUSINESS WIRE)--May 7, 2007 - Sequenom, Inc. (NASDAQ: SQNM) today reported financial results for the three months ended March 31, 2007. Revenues for the first quarter of 2007 rose 43.1% to $9.9 million, compared with revenues of $6.9 million for the first quarter of 2006. The increase in revenues for the quarter was primarily due to an increase in the number of placements of MassARRAY(R) systems, related product sales and growth in the Contract Research Services group. The net loss for the first quarter of 2007 of $3.7 million, or $0.11 per share, was primarily unchanged from the same period last year of $3.7 million, or $0.28 per share.

Cost of product and service revenue for the first quarter of 2007 was $4.4 million, compared with $2.7 million for the first quarter of 2006, with the increase primarily associated with higher sales volumes.