Hologic Announces First Quarter Fiscal 2008 Operati...(ing pages. Hologi...)

Hologic, Inc. and Subsidiaries

Consolidated Statements of Operations and Reconciliation of GAAP Net Income (Loss) to Non-GAAP Adjusted Net Income

(Unaudited)

(dollars in thousands)

The Company has provided net income on a non-GAAP basis for the first quarter of fiscal 2008 and 2007 excluding certain acquisition related charges and stock compensation expense. A reconciliation of this non-GAAP financial measure to the Company's net (loss) income for the first quarter of fiscal 2008 and 2007 is set forth in the supplemental schedule above. The Company believes that this non-GAAP measure is useful to investors in comparing the results of operations in the first quarter of fiscal 2008 to the comparable period in fiscal 2007 by eliminating certain of the more significant effects of the acquisitions since fiscal 2006, as well as the Company's non-cash compensation expense associated with its stock option and other equity awards. Management uses this non-GAAP financial measure for this purpose, and these amounts are also excluded by the Company when calculating compliance with the Company's financial covenants under its credit facility. When analyzing the Company's operating performance, investors should not consider this non-GAAP measure as a substitute for net (loss) income prepared in accordance with GAAP.

(1) To exclude the impact of stock based compensation expense in

accordance with Statement of Financial Accounting Standards ("SFAS")

No. 123R. For the three months ended December 29, 2007 and December

30, 2006, the total pre-tax expense for all stock based compensation

expense in accordance with SFAS No. 123R was $7,583 and $1,516,

respectively.

(2) To exclude the ongoing, non-cash amortization of the intangible assets

acquired since fiscal 2006.

(3) To
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