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Inverness Medical Innovations Announces Third Quarter 2008 Results
Date:10/29/2008

5,536)

Income tax (benefit)

provision (13,274) 71,050(j) 57,776

Equity earnings of

unconsolidated entities,

net of tax 1,169 6,678(b)( c ) 7,847

Net (loss) income $(38,181) $153,169 $114,988

Preferred stock dividends $(8,500) $(8,500)

Net (loss) income

available to common

stockholders - basic $(46,681) $106,488

Net (loss) income per common

share

Basic $(0.60) $1.37

Diluted $(0.60)(k) $1.30(l)

Weighted average common

shares - basic 77,630 77,630

Weighted average common

shares - diluted 77,630(k) 83,390(l)

Nine Months Ended September 30, 2007

Non-GAAP

Non-GAAP Adjusted Cash

GAAP Adjustments Basis(a)

Net revenue $551,580 $- $551,580

Cost of revenue 296,604 (21,611)(b)(d)(e) 274,993

Gross profit 254,976 21,611 276,587

Gross margin 46% 50%

Operating expenses:

Research and development 44,649 (3,759)(b)( c )(d) 40,890

Purchase of in-process

research and development 169,000 (169,000)(f) -

Selling, general and

administrative 224,008 (71,921)(b)( c )(d) 152,087

Total operating expenses 437,657 (244,680) 192,977

Operating income (loss)
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SOURCE Inverness Medical Innovations, Inc.
Copyright©2008 PR Newswire.
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1. Inverness Medical Innovations Schedules Conference Call for 10:00 a.m. ET October 29, 2008 to Discuss Third Quarter 2008 Results
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