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BMP Sunstone Reports Third Quarter 2008 Financial Results
Date:11/10/2008

- Reports Continued Improvement to Revenue, Operating and Profit

Performance -

-Company Reiterates Full Year 2008 Guidance-

PLYMOUTH MEETING, Pa., Nov. 10 /Xinhua-PRNewswire-FirstCall/ -- BMP Sunstone Corporation (Nasdaq: BJGP) ("BMP Sunstone" or the "Company"), today announced its financial results for the third quarter ended September 30, 2008. During the quarter, BMP Sunstone successfully completed the acquisition of 63.3% of Rongheng, a pharmaceutical distribution company in Shanghai. Financial results reported below include the results of Rongheng beginning from July 4, 2008.

Financial Highlights as of September 30, 2008:

-- Record third quarter revenues were $30.5 million, a 240% increase from

$9.0 million in the third quarter of 2007.

-- Non-GAAP operating income, as defined below, was $3.5 million for the

quarter, improving from a loss of $1.5 million in the prior year

period.

Non-GAAP operating income for the nine-month period was $7.1 million.

-- Non-GAAP net income, as defined below, was $1.9 million for the quarter

and $3.5 million for the nine-month period.

-- Non-GAAP EPS was $0.05 for the quarter and $0.09 for the nine-month

period.

-- Non-GAAP operating income, net income, and earnings per share exclude

stock based compensation expense, amortization related to acquisitions,

and amortization of debt discount and issuance cost.

Please refer to the financial reconciliations provided in this news release for a reconciliation of GAAP results to non-GAAP results for the three and nine months periods ended September 30, 2008 and 2007.

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SOURCE BMP Sunstone Corporation
Copyright©2008 PR Newswire.
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