UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
January 11, 2016
Date of Report (Date of earliest event reported)
CEPHEID
(Exact name of Registrant as specified in its charter)
California | 000-30755 | 77-0441625 | ||
(State or other jurisdiction of incorporation) |
(Commission file number) |
(I.R.S. Employer Identification No.) |
904 Caribbean Drive, Sunnyvale, CA | 94089 | |
(Address of principal executive offices) | (Zip Code) |
(408) 541-4191
(Registrants telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instruction A.2 below):
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 2.02 | Results of Operations and Financial Condition. |
The information in this report and the exhibit attached hereto are being furnished pursuant to Item 2.02 of Form 8-K and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), nor shall they be deemed incorporated by reference in any filing with the Securities and Exchange Commission under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference to such filing.
On January 11, 2016, Cepheid issued a press release announcing preliminary revenue results for the quarter ended December 31, 2015. The press release is attached to this report as Exhibit 99.01.
Item 9.01 | Financial Statements and Exhibits. |
(d) | Exhibits. |
Exhibit No. |
Exhibit Title | |
99.01 | Press release dated January 11, 2016 |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CEPHEID | ||||||
Date: January 11, 2016 | By: | /s/ Daniel Madden | ||||
Name: | Daniel Madden | |||||
Title: | Executive Vice President, Chief Financial Officer |
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Exhibit List
Exhibit |
Exhibit Title | |
99.01 | Press release dated January 11, 2016 |
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Exhibit 99.01
Cepheid 904 Caribbean Drive Sunnyvale, CA 94089 Telephone: 408.541.4191 Fax: 408.541.4192 |
For Media & Investor Inquiries:
Jacquie Ross, CFA Tel: (408) 400 8329 corporate.communications@cepheid.com |
CEPHEID SCHEDULES 2015 FOURTH QUARTER AND FULL YEAR RESULTS ANNOUNCEMENT
AND WEBCAST
Announces Preliminary Q415 Revenue of Approximately $147 Million
SUNNYVALE, CALIF. January 11, 2016 Cepheid (Nasdaq: CPHD) today announced that it will report financial results for its 2015 fourth quarter and full year ended December 31, 2015 on Tuesday, February 2, 2016, after the close of the market.
Based on preliminary financial results for the quarter ended December 31, 2015, the company expects to report revenue of approximately $147 million, in-line with the Companys guidance for revenue in the $146 to $150 million range. 2015 Fourth Quarter revenue was driven by stronger than expected commercial system and HBDC performance offset by lower commercial flu revenue associated with a delayed and possibly milder than expected flu season.
The company will host a management presentation at 2 p.m. Pacific Time on Tuesday, February 2, 2016, to discuss the results. To access the live webcast, please visit Cepheids website at http://ir.cepheid.com at least 15 minutes before the scheduled start time to download any necessary audio or plug-in software. A replay of the webcast will be available shortly following the call and will remain available for at least 90 days.
About Cepheid
Based in Sunnyvale, Calif., Cepheid is a leading molecular diagnostics company that is dedicated to improving healthcare by developing, manufacturing, and marketing accurate yet easy-to-use molecular systems and tests. By automating highly complex and time-consuming manual procedures, the companys solutions deliver a better way for institutions of any size to perform sophisticated genetic testing for organisms and genetic-based diseases. Through its strong molecular biology capabilities, the company is focusing on those applications where accurate, rapid, and actionable test results are needed most, such as managing infectious diseases and cancer. For more information, visit http://www.cepheid.com.
Forward-Looking Statements
This press release contains forward-looking statements that are not purely historical regarding Cepheids or its managements intentions, beliefs and expectations for the future, including those relating to revenues for the fourth quarter and business performance for the fourth quarter, including commercial system and HBDC performance and commercial flu test performance.
Because such statements deal with future events, they are subject to various risks and uncertainties, and actual results could differ materially from the Companys current expectations. Factors that could cause actual results to differ materially include risks and uncertainties such as those relating to: the Companys success in increasing commercial and HBDC sales and the effectiveness of its sales personnel; the relative mix of commercial and HBDC sales, and relative mix of instrument and test sales; manufacturing costs associated with the ramp-up of new products; the performance and market acceptance of new products; sufficient customer demand, customer confidence in product availability and available customer budgets for the Companys products; the Companys ability to develop new products, complete clinical trials successfully and obtain regulatory clearances in a timely manner for new products; uncertainties related to the FDA regulatory and international regulatory processes; the level of testing at clinical customer sites, including for Healthcare Associated Infections (HAIs); the Companys ability to successfully introduce and sell products in clinical markets other than HAIs; long sales cycles and variability in systems placements and reagent pull-through in the Companys HBDC program; the rate of environmental biothreat testing conducted by the USPS, which will affect the amount of consumable products sold to the USPS; the Companys ability to successfully complete and bring on additional manufacturing lines; the potential need for additional intellectual property licenses for tests and other products and the terms of such licenses; the Companys reliance on distributors in some regions to market, sell and support its products; the occurrence of unforeseen expenditures, acquisitions or other transactions; costs associated with litigation; the impact of competitive products and pricing; the impact of foreign currency exchange; the Companys ability to manage geographically-dispersed operations; and underlying market conditions worldwide. Readers should also refer to the section entitled Risk Factors in Cepheids Annual Report on Form 10-K, its most recent Quarterly Report on Form 10-Q, and its other reports filed with the Securities and Exchange Commission.
All forward-looking statements and reasons why results might differ from those included in this release are made as of the date of this press release, based on information currently available to Cepheid, and Cepheid assumes no obligation to update any such forward-looking statements or reasons why results might differ.
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