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AMICAS Reports Financial Results for the Second Quarter Ended June 30, 2008

ble-for-sale securities 37,919 15,240

Cash provided by (used in)

investing activities 18,062 (1,329)

Financing activities

Repurchases of common stock (21,703) -

Exercise of stock options 181 182

Cash (used in) provided by

financing activities (21,522) 182

Increase (decrease) in cash and cash

equivalents (2,183) 3,492

Cash and cash equivalents at beginning

of period 8,536 7,331

Cash and cash equivalents at end of period $6,353 $10,823

Supplemental disclosure of cash paid during

the period for:

Income taxes, net of refunds $115 $60

Non-cash investing activities:

Unrealized gain (loss) on

available-for-sale securities $11 $(29)



Reconciliation of projected net loss to projected EBITDA

Projected net loss $(900)

Interest income 2,300

Operating loss (3,200)

Non-cash stock compensation expense 1,400

Depreciation and amortization 1,100

Amortization of software development costs 2,200

Projected pro-forma EBITDA $1,500

Reconciliation of net (loss)

income to EBITDA

Three Months Ended Six Months Ended


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