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

before the conference call and will continue to be available on this website for 30 days.

For more information about Inverness Medical Innovations, please visit our website at http://www.invernessmedical.com.

By developing new capabilities in near-patient diagnosis, monitoring and health management, Inverness Medical Innovations enables individuals to take charge of improving their health and quality of life. A global leader in rapid point-of-care diagnostics, Inverness' products, as well as its new product development efforts, focus on infectious disease, cardiology, oncology, drugs of abuse and women's health. Inverness is headquartered in Waltham, Massachusetts.

Inverness Medical Innovations, Inc. and Subsidiaries

Condensed Consolidated Statements of Operations and

Reconciliation to Non-GAAP Adjusted Cash Basis Amounts

(in $000s, except per share amounts)

Three Months Ended September 30, 2008

Non-GAAP

Non-GAAP Adjusted Cash

GAAP Adjustments Basis(a)

Net revenue $438,800 $- $438,800

Cost of revenue 210,652 (12,721)(b)( c )(d) 197,931

Gross profit 228,148 12,721 240,869

Gross margin 52% 55%

Operating expenses:

Research and development 25,693 (2,387)(b)( c )(d) 23,306

Purchase of in-process

research and development - - -

Selling, general and

administrative 189,208 (57,165)(b)( c )(d) 132,043

Total operating expenses 214,901 (
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SOURCE Inverness Medical Innovations, Inc.
Copyright©2008 PR Newswire.
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