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

c One-Time Sale of Three

Months Protection Equity Endovas- Months

Ended Disconti- Accelera- cular Ended

June 30, nuance tion Business June 30,

2008 2008 2008 2008 2008

Revenues:

Net sales

Biomate-

rials $13,330,890 $- $- $- $13,330,890

Endovas-

cular 1,637,713 - - - 1,637,713

Total net

sales 14,968,603 - - - 14,968,603

Research

and

development - - - - -

Royalty

income 7,003,252 - - - 7,003,252

Total

revenues 21,971,855 - - - 21,971,855

Operating costs

and expenses:

Cost of

products

sold 9,097,198 - - (2,012,734) 7,084,464

Research

and

development 4,339,583 - - (10,250) 4,329,333

Sales and

marketing 4,232,527 - - (2,382,915) 1,849,612

General and

admini-

strative 4,851,947 - - (2,482,929) 2,369,018

Loss on

sale of

endovascular

assets 1,212,478 (1,212,478) -

Total

operating

costs and

expenses 23,733,733 - - (8,101,306) 15,632,427

(Loss) Income

from

operations (1,761,878) - - 8,101,306 6,339,428

Interest and

other income,

net (263,568) - - - (263,568)

Pre-tax (loss)

income (2,025
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SOURCE Kensey Nash Corporation
Copyright©2008 PR Newswire.
All rights reserved

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