Orchid Cellmark Reports Third Quarter 2008 Financi...(ember 30 2008 and 2007 ...)

Date:11/18/2008

ember 30, 2008 and 2007 (In thousands, except per share data) (Unaudited) Three months ended Nine months ended September 30, September 30, 2008 2007 2008 2007 Revenues: Service revenues $14,845 $15,511 $44,404 $45,100 Other revenues 27 47 219 222 Total revenues 14,872 15,558 44,623 45,322 Operating expenses: Cost of service revenues 10,500 10,054 31,159 29,779 Research and development 228 264 654 832 Marketing and sales 1,536 1,503 4,659 4,500 General and administrative 3,588 3,831 12,639 11,747 Restructuring - (75) - (75) Amortization of intangible assets 475 447 1,429 1,337 Total operating expenses 16,327 16,024 50,540 48,120 Operating loss (1,455) (466) (5,917) (2,798) Other income, net 128 301 846 817 Loss before income tax expense (1,327) (165) (5,071) (1,981) Income tax expense (benefit) 132 542 (117) 1,154 Net loss $(1,459) $(707) $(4,954) $(3,135) Basic and diluted net loss per share $(0.05) $(0.02) $(0.17) $(0.11) Shares used in computing basic and diluted net loss per share: 29,935 29,327 29,935 29,323 Orchid Cellmark Inc. and Subsidiaries Condensed Consolidated Balance Sheets September 30, 2008 and December 31, 2007
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SOURCE Orchid Cellmark Inc. Copyright©2008 PR Newswire. All rights reserved

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