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Endocare Reports 2008 First Quarter Financial Results
Date:5/1/2008

ss per share - basic and diluted $(0.14) $(0.32)

Weighted average shares of common stock

outstanding: 11,785 10,313

ENDOCARE, INC. AND SUBSIDIARY

RECONCILIATION OF GAAP NET LOSS TO EARNINGS BEFORE INTEREST, TAXES,

DEPRECIATION, AMORTIZATION AND STOCK COMPENSATION EXPENSE

("ADJUSTED EBITDA")

(Unaudited)

(In thousands)

Three Months Ended

March 31,

2008 2007

GAAP loss from continuing operations $(1,690) $(3,259)

Add:

Depreciation 125 182

Amortization of intangibles 125 127

Interest expense 31 56

Subtotal (1,409) (2,894)

Add: Stock compensation expense 728 783

Adjusted EBITDA $(681) $(2,111)

ENDOCARE, INC. AND SUBSIDIARY

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except per share data)

March 31, December 31,

2008 2007

(Unaudited)

ASSETS

Current assets:

Cash and cash equivalents $6,515 $7,712

Accounts receivable, net 4,507 3,530

Inventories, net
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SOURCE Endocare, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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