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

, respectively. The $45.7

million charge for the nine months ended September 30, 2008 included

$16.4 million charged to cost of sales, $6.9 million charged to

research and development, $9.6 million charged to selling, general

and administrative, $6.9 million charged to interest expense and

$6.0 million charged through equity earnings of unconsolidated

entities, net of tax. The $1.5 million charge for the nine months

ended September 30, 2007 included $0.3 million charged to research

and development and $1.2 million charged to selling, general and

administrative. These charges have been excluded from net income or

loss because they have a significant impact on results yet do not

occur on a consistent or regular basis in the Company's business.

(d) Compensation costs of $19.7 million and $52.2 million associated

with stock-based compensation expense in the first nine months of

2008 and 2007 GAAP results, respectively, including $1.0 million and

$0.3 million charged to cost of sales, $3.4 million and $1.3 million

charged to research and development and $15.3 million and $50.6

million charged to selling, general and administrative. The $50.6

million charged to selling, general and administrative during the

nine months ended September 30, 2007 includes $45.2 million of costs

associated with stock option acceleration and conversion in

connection with our acquisition of Biosite, Inc.

(e) A write-off in the amount of $2.0 million and $7.5 million during

the nine months ended September 30, 2008 and 2007, respectively,

relating to inventory write-ups recorded in connection with the

acquisitions of Panbio Limited and BBI Holdings Plc. during the

first quarter of 2008 and Bi
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SOURCE Inverness Medical Innovations, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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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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5. Inverness Medical Innovations to Present at the Morgan Stanley Global Healthcare Unplugged Conference on September 9, 2008
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