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

neral and

administrative 77,243 (14,393)(b)( c )(d) 62,850

Total operating expenses 266,773 (184,928) 81,845

Operating income (loss) (156,475) 198,866 42,391

Interest and other income

(expense), net (26,898) (26,898)

Income tax (benefit)

provision (1,645) 3,449(g) 1,804

Equity earnings of

unconsolidated entities,

net of tax 1,116 112(b) 1,228

Net (loss) income $(180,612) $195,529 $14,917

Preferred stock dividends $- $-

Net (loss) income

available to common

stockholders - basic $(180,612) $14,917

Net (loss) income per

common share

Basic $(3.74) $0.31

Diluted $(3.74)(h) $0.29(j)

Weighted average common

shares - basic 48,256 48,256

Weighted average common

shares - diluted 48,256(h) 51,483(j)

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

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Related biology technology :

1. Inverness Medical Innovations Schedules Conference Call for 10:00 a.m. ET October 29, 2008 to Discuss Third Quarter 2008 Results
2. Inverness Medical Innovations to Present at the UBS Global Life Sciences Conference on September 22, 2008
3. Inverness Medical Innovations to Attend the Goldman Sachs Diagnostics Conference on September 18, 2008
4. Inverness Medical Innovations Declares Dividend on its Series B Convertible Perpetual Preferred Stock
5. Inverness Medical Innovations to Present at the Morgan Stanley Global Healthcare Unplugged Conference on September 9, 2008
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7. Inverness Medical Innovations to Present at Canaccord Adams 28th Annual Growth Conference on August 12, 2008
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9. Inverness Medical Innovations to Present at Jefferies 2nd Annual Healthcare Conference held on June 25, 2008
10. Inverness Medical Innovations to Present at 7th Annual Needham & Company, LLC Biotechnology & Medical Technology Conference on June 12, 2008
11. Inverness Medical Innovations to Present at FBR Capital Markets 12th Annual Spring Investor Conference on May 28, 2008
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