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Kensey Nash Reports Fourth Quarter and Fiscal Year 2008 Results
Date:8/21/2008

$0.29

Weighted average

common shares

outstanding 11,608,026 11,913,480 11,891,469 11,773,317

Diluted weighted

average common shares

outstanding 11,608,026 11,913,480 12,471,298 12,580,526

CONDENSED CONSOLIDATED BALANCE SHEETS

June 30,

2008 June 30,

(Unaudited) 2007

Assets

Current assets:

Cash, cash equivalents and

investments $63,496,141 $34,331,454

Trade receivables 6,617,156 6,220,727

Other receivables 9,030,699 6,799,369

Inventory 9,270,864 7,392,116

Prepaids and other assets 1,859,958 1,977,592

Deferred tax asset, current 4,277,864 3,151,350

Total current assets 94,552,682 59,872,608

Property, plant and equipment, net 59,598,308 63,821,312

Other non-current assets 8,277,574 16,831,544

Total assets $162,428,564 $140,525,464

Liabilities and stockholders' equity

Current liabilities:

Accounts payable and accrued

expenses $8,972,222 $6,178,026

Current portion of debt 1,399,997 186,667

Deferred revenue 601,131 350,739

Other current liabilities 686,267 -

Total current liabilities 11,659,617 6,715,432

Long term portion of deferred revenue 507,642 611,196

Long term portion of debt 32,783
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SOURCE Kensey Nash Corporation
Copyright©2008 PR Newswire.
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