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

t income per common share for the six months ended June

30, 2007, on an adjusted cash basis, are dilutive shares consisting of

1,796,000 common stock equivalent shares from the potential exercise of

stock options and warrants. Potential dilutive shares consisting of

761,000 common stock equivalent shares from the potential conversion of

convertible debt securities for the six months ended June 30, 2007 were

not used in the calculation of diluted net income per common share, on an

adjusted cash basis, because inclusion thereof would be antidilutive.

Inverness Medical Innovations, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

(in $000s)

June 30, December 31,

2008 2007

(unaudited)

ASSETS

CURRENT ASSETS:

Cash and cash equivalents $167,234 $414,732

Restricted cash 3,401 141,869

Marketable securities 1,864 2,551

Accounts receivable, net 256,118 163,380

Inventories, net 180,248 148,231

Prepaid expenses and other current assets 121,566 82,211

Total current assets 730,431 952,974

PROPERTY, PLANT AND EQUIPMENT, NET 285,916 267,880

GOODWILL AND OTHER INTANGIBLE ASSETS, NET 4,793,183 3,494,174

DEFERRED FINANCING COSTS AND OTHER

ASSETS, NET 132,537 165,731

Total assets $5,942,067 $4,880,759

LIABILITIES AND STOCKHOLDERS' EQUITY

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

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