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

penses:

Cost of

products

sold 27,211,681 (154,726) (253,879)(2,012,734) 24,790,342

Research

and

development 17,200,762 (92,630) (849,678) (10,250) 16,248,204

Sales and

marketing 14,747,333 (71,474) (262,148)(2,382,915) 12,030,796

General

and

admini-

strative 12,827,771 (4,898)(1,627,173)(2,482,929) 8,712,771

Loss on

sale of

endovascular

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

Total

operating

costs

and

expenses 73,200,025 (323,728)(2,992,878)(8,101,306) 61,782,113

Income from

operations 6,590,872 323,728 2,992,878 8,101,306 18,008,784

Interest and

other income,

net 15,088 - - - 15,088

Pre-tax

income 6,605,960 323,728 2,992,878 8,101,306 18,023,872

Income tax

expense 1,816,179 108,606 1,004,066 2,717,867 5,646,717

Net income $4,789,781 $215,122 $1,988,812 $5,383,439 $12,377,155

Basic

earnings

per share $0.40 $0.02 $0.17 $0.45 $1.04

Diluted

earnings

per share $0.38 $0.02 $0.16 $0.43 $0.99

Weighted

average

common

shares

outstand-

ing 11,891,469 11,891,469 11,891,469 11,891,469 11,891,469

Diluted

weighted

average

common

shares

outstanding 12,471,298 12,471,298 12,471,298 12,471,298 12,471,298


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SOURCE Kensey Nash Corporation
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