Martek Announces Fourth Quarter and FY 2007 Financi...(Three months ended Year ended ....)

October 31, October 31,

2007 2006 2007 2006

Revenues:

Product sales $79,025 $63,809 $292,549 $255,838

Contract manufacturing

sales 2,995 3,377 14,264 14,816

Total revenues 82,020 67,186 306,813 270,654

Cost of revenues:

Cost of product sales,

including idle

capacity costs 46,364 40,625 179,367 158,600

Cost of contract

manufacturing sales 2,656 3,917 13,952 14,676

Total cost of

revenues 49,020 44,542 193,319 173,276

Gross margin 33,000 22,644 113,494 97,378

Operating expenses:

Research and

development 6,852 6,854 26,081 24,823

Selling, general and

administrative 13,659 10,149 50,185 41,614

Restructuring charge 106 4,729 853 4,729

Other operating

expenses 362 475 1,614 1,158

Total operating

expenses 20,979 22,207 78,733 72,324

Income from operations 12,021 437 34,761 25,054

Interest and other, net 73 (275) (1,089) (1,528)

Income before income

tax (benefit) provision 12,094 162 33,672 23,526

Income tax (benefit)

provision (6,174) 60 1,659 8,588

Net income $18,268 $102 $32,013 $14,938

Basic earnings

per share $0.56 $0.00 $0.99 $0.47

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