diff --git a/lib/raven/client.rb b/lib/raven/client.rb
index 2acb5205b..12ce8c43d 100644
--- a/lib/raven/client.rb
+++ b/lib/raven/client.rb
@@ -100,8 +100,8 @@ def successful_send
     end
 
     def failed_send(e, event)
-      @state.failure
       if e # exception was raised
+        @state.failure
         configuration.logger.warn "Unable to record event with remote Sentry server (#{e.class} - #{e.message}):\n#{e.backtrace[0..10].join("\n")}"
       else
         configuration.logger.warn "Not sending event due to previous failure(s)."