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Kensey Nash Reports Strong Second Quarter and First Six Month Fiscal Year 2009 Results
Date:1/28/2009

Three Months Six Months Ended Ended December 31, December 31, ---------------- ----------------- 2008 2007 2008 2007 ---- ---- ---- ---- Revenues: Net sales Biomaterial sales $13,097,048 $11,484,912 $25,768,987 $21,652,211 Endovascular sales 877,874 1,661,951 1,669,660 3,026,181 ------- --------- --------- --------- Total net sales 13,974,922 13,146,863 27,438,647 24,678,392 Royalty income 6,822,906 6,491,063 13,508,864 12,561,951 --------- --------- ---------- ---------- Total revenues 20,797,828 19,637,926 40,947,511 37,240,343 ---------- ---------- ---------- ---------- Operating costs and expenses: Cost of products sold 6,493,026 6,177,524 12,206,481 11,821,673 Research and development 4,539,173 3,959,591 8,962,922 8,891,595 Selling, general and administrative 2,119,628 5,929,374 4,405,227 13,505,966 --------- --------- --------- ---------- Total operating costs and expenses 13,151,827 16,066,489 25,574,630 34,219,234 ---------- ---------- ---------- ---------- Income from operations 7,646,001 3,571,437 15,372,881 3,021,109 Interest and other (expense) income, net (171,798) 195,918 (43,979) 422,262 -------- ------- ------- ------- Pre-tax income 7,474,203 3,767,355 15,328,902 3,443,371 Income tax expense 2,233,933 1,159,
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