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Carrington Reports Third Quarter 2007 Results
Date:11/27/2007

)

Net income (loss) per

common share -

basic and diluted $(0.21) $ (0.16) $(0.65) $(0.50)

Weighted average shares

outstanding -

Basic and diluted 10,927 10,884 10,912 10,843

Reconciliation of Non-GAAP

Financial Measures:

Net income (loss) $(2,249) $(1,764) $(7,092) $(5,451)

Less: DelSite grant income 776 811 1,399 1,506

Plus: DelSite expenses 1,300 1,503 3,575 3,985

Pro forma profit (loss)

before DelSite $(1,725) $(1,072) $(4,916) $(2,972)

CARRINGTON LABORATORIES, INC

Condensed Consolidated Balance Sheets

(in thousands)

September 30, December 31,

2007 2006

(unaudited) (audited)

ASSETS:

Current Assets:

Cash and cash equivalents $3,253 $878

Cash, restricted 489 -

Accounts receivable, net 2,337 2,659

Inventories, net 3,786 3,405

Prepaid expenses 427 155

Total current assets 10,292 7,097

Property, plant and equipment, net 5,460 6,093

Customer relationships, net 55 199

Other assets, net 1,547 609

Total assets $17,354 $13,998

LIABILITIES AND SHAREHOLDERS' EQUITY:

Current Liabilities:

Line of credit $2,000
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SOURCE Carrington Laboratories, Inc.
Copyright©2007 PR Newswire.
All rights reserved

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