MARLBOROUGH, Mass.--(BUSINESS WIRE)--EXACT Sciences Corporation (NASDAQ: EXAS) announced today its financial results for the second quarter ended June 30, 2007. Net loss for the quarter ended June 30, 2007 decreased to $1.8 million, or $0.07 per share, from $3.2 million, or $0.12 per share, for the same quarter last year. The reduction in net loss was driven by a significant decrease in sales and marketing and applied research expenses following the cost reduction plan initiated by the Company in late 2006. This plan included a reduction in headcount resulting in lower salary and benefit-related costs, stock-based compensation expenses and other operating costs.