Affymetrix (Santa Clara, California) Reports Second Quarter 2006 Results

SANTA CLARA, Calif.--(BUSINESS WIRE)--July 31, 2006--Affymetrix, Inc., (Nasdaq:AFFX) today reported its operating results for the second quarter of 2006. On a GAAP basis the Company reported net loss of approximately $10.1 million or $0.15 per diluted share in the second quarter of 2006, as compared to net income of $7.8 million or $0.12 per diluted share in the second quarter of 2005. On January 1, 2006, the Company adopted FAS 123R and is reporting employee stock-based compensation expense in its GAAP results. Excluding the impact of FAS 123R, the Company reported non-GAAP net loss of approximately $6.2 million or $0.09 per diluted share in the second quarter of 2006 which includes $5.5 million in taxes or $0.08 per share.

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