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Inverness Medical Innovations Announces Fourth Quarter 2007 Results
Date:2/20/2008

diluted net loss per

common share under GAAP because inclusion thereof would be

antidilutive.

(l) Included in the weighted average diluted common shares for the

calculation of diluted net income per common share for the year

ended December 31, 2007, on an adjusted cash basis, are dilutive

shares consisting of 2,726,000 common stock equivalent shares from

the potential exercise of stock options and awards and warrants.

The diluted net income per common share calculation for the year

ended December 31, 2007, on an adjusted cash basis, does not

include 1,807,000 common stock equivalent shares from the potential

conversion of convertible debt, as inclusion thereof would be

antidilutive.

(m) Included in the weighted average diluted common shares for the

calculation of diluted net income per common share for the year

ended December 31, 2006, on an adjusted cash basis, are dilutive

shares consisting of 1,469,000 common stock equivalent shares from

the potential exercise of stock options and warrants.

Inverness Medical Innovations, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

(in $000s)

December 31, December 31,

2007 2006

ASSETS

CURRENT ASSETS:

Cash and cash equivalents $414,732 $71,104

Restricted cash 141,869 -

Marketable securities 2,551 -

Accounts receivable, net 163,380 100,388

Inventories, net 148,231 78,322

Prepaid expenses
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SOURCE Inverness Medical Innovations
Copyright©2008 PR Newswire.
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