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

(182,681) 266,291 83,610

Interest and other income

(expense), net (47,416) 13,663(g)(i) (33,753)

Income tax (benefit)

provision 1,550 10,247(j) 11,797

Equity earnings of

unconsolidated entities,

net of tax 2,666 336(b) 3,002

Net (loss) income $(228,981) $270,043 $41,062

Preferred stock dividends $- $-

Net (loss) income available

to common stockholders -

basic $(228,981) $41,062

Net (loss) income per

common share

Basic $(4.89) $0.88

Diluted $(4.89)(k) $0.84(m)

Weighted average common

shares - basic 46,787 46,787

Weighted average common

shares - diluted 46,787(k) 49,070(m)

(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 income that have a significant positive or

negative impact on results yet do not occur on a consistent or

regular basis in its business. In determining whether a particular

item meets one of these criteria, management considers facts and

circumstances that it believes are relevant. Management believes

that excluding such charges and income from income or loss allows

investors and management to evaluate and compare the Company's

operating results from continuing operations
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SOURCE Inverness Medical Innovations, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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