WaferGen Bio-systems Reports Strong Revenue Growth in Third Quarter of 2015

FREMONT, Calif. — WaferGen Bio-systems, Inc. (WGBS) today announced preliminary, unaudited revenue for the third quarter of 2015. The Company expects total revenue for the third quarter of 2015 to be in the range of $1.9 million to $2.1 million, which would represent an increase of 52-68% when compared to the $1.3 million reported for the third quarter of 2014. This also represents a sequential increase of 18-30% compared to the $1.6 million generated in the second quarter of 2015. Revenue for the third quarter is expected to be the highest in WaferGen’s history, and represents the second consecutive quarter of revenue growth. The primary driver of revenue growth was sales of the Company’s SmartChipTM products and services, which comprised approximately 67% of total revenue, compared to 53% in the second quarter of 2015 and 58% in the third quarter of 2014.

WaferGen is also updating the Company’s full-year 2015 revenue guidance from between $7.5 million and $7.8 million, excluding sales of the recently launched ICELL8(TM) Single-Cell System, to between $7.8 million and $8.2 million, including ICELL8-related revenue.

“The third quarter will represent both our highest ever quarterly revenue, and the Company’s second consecutive quarter of revenue growth,” said Rollie Carlson, President and CEO of WaferGen. “With our base business now performing well, and the recent commercial launch of our ICELL8 Single-Cell System, we are well-positioned for meaningful growth in our business.”

The quarterly financial results included in this press release were calculated prior to the completion of a review by WaferGen Bio-systems’ external auditors and are therefore subject to adjustment. Actual revenues for the third quarter of 2015 may differ materially from our expectations.

About WaferGen

WaferGen Bio-systems, Inc. is a biotechnology company that offers innovative genomic technology solutions for single-cell analysis and clinical research. The single cell analysis platform is a revolutionary system which can isolate thousands of single cells and processes specific cells for analysis, including Next Generation Sequencing (NGS). The SmartChip platform can be used for profiling and validating molecular biomarkers, and can perform massively-parallel single-plex PCR for one-step target enrichment and library preparation for clinical NGS. These technologies offer a powerful set of tools for biological analysis at the molecular and single-cell level in the life sciences, pharmaceutical, and clinical laboratory industries.

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