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

,446) - - 8,101,306 6,075,860

Income tax

(benefit)

expense (930,480) - - 2,702,892 1,772,412

Net (loss)

income $(1,094,966) $- $- $5,398,414 $4,303,448

Basic (loss)

earnings per

share $(0.09) $- $- $0.47 $0.37

Diluted (loss)

earnings per

share $(0.09) $- $- $0.44 $0.35

Weighted

average

common shares

outstanding 11,608,026 11,608,026 11,608,026 11,608,026 11,608,026

Diluted

weighted

average

common

shares

outstanding 12,163,840 12,163,840 12,163,840 12,163,840 12,163,840

(Unaudited)

As Reported Non-GAAP Adjustments As Adjusted

Twelve Embolic One-Time Sale of Twelve

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 $47,538,923 $- $- $- $47,538,923

Endovas-

cular 6,221,942 - - - 6,221,942

Total net

sales 53,760,865 - - - 53,760,865

Research

and

development - - - - -

Royalty

income 26,030,032 - - - 26,030,032

Total

revenues 79,790,897 - - - 79,790,897

Operating

costs and

ex
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SOURCE Kensey Nash Corporation
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