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Inverness Medical Innovations Announces Second Quarter 2008 Results
Date:7/29/2008

$313,944

Cost of revenue 169,266 (7,673)(b)(d)(e) 161,593

Gross profit 144,678 7,673 152,351

Gross margin 46% 49%

Operating expenses:

Research and development 24,119 (2,224)(b)(d) 21,895

Selling, general and

administrative 146,765 (57,528)(b)(c)(d) 89,237

Total operating expenses 170,884 (59,752) 111,132

Operating income (loss) (26,206) 67,425 41,219

Interest and other income

(expense), net (20,518) 13,663 (b)(f)(h) (6,855)

Income tax (benefit)

provision 3,205 6,798 (i) 10,003

Equity earnings of

unconsolidated

entities, net of tax 1,560 224 (b) 1,784

Net (loss) income $(48,369) $74,514 $26,145

Preferred stock dividends $- $-

Net (loss) income

available to common

stockholders - basic $(48,369) $26,145

Net (loss) income per

common share

Basic $(1.06) $0.57

Diluted $(1.06)(j) $0.55 (l)

Weighted average common shares

- basic 45,565 45,559

Weighted average common shares

- diluted 45,565 (j) 47,361 (l)

(a) In calculating net income or loss on an adjusted cash basis, the

Company excludes from net income or loss (i) certain non-cash charges,

including amortization expense and stock-based compensation expense, (ii)

non-recurring charges and income, and (iii) certain other charges and


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SOURCE Inverness Medical Innovations, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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6. Inverness Medical Innovations to Participate at JP Morgan Healthcare Conference on January 8, 2008
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