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Martek Announces Fourth Quarter and FY 2008 Financial Results
Date:12/11/2008

$10,464 $18,268 $37,667 $32,013 Deduct: Non-recurring income tax benefits (a) (1,540) (10,841) (1,540) (10,841) Add: Restructuring charge - 106 - 853 Deduct: Tax benefit of restructuring charge - (38) - (307) Non-GAAP net income measure $8,924 $7,495 $36,127 $21,718 Non-GAAP diluted earnings per share $0.27 $0.23 $1.09 $0.67 (a) In fiscal 2008, relates primarily to certain previously unrecognized income tax credits and in fiscal 2007, relates to a reversal of the deferred tax asset valuation allowance.

Investor Conference Call Webcast

Martek will host a conference call and Webcast for investors to review its fourth quarter results and fiscal 2009 outlook at 4:45 p.m. Eastern Time on Thursday, December 11, 2008. Access to the live audio Webcast is available through Martek's website at http://investors.martek.com. The webcast will be available for replay through the close of business on January 11, 2009.

General

Sections of this release contain forward-looking statements concerning, among other things: (1) Martek's expectations regarding future revenue growth in and customer demand from the infant formula, pregnancy and nursing, nutritional supplements, animal feeds and food and beverage markets; (2) its expectations regarding revenue, gross margin, operating expense and income for the first quarter of and full fiscal 2009; and (3) its expectations regarding launches by customers of products containing Martek's life'sDHA(TM) and its contract manufacturing business. Furthermore, Martek's operating results are subject to quarter-to-quarter fluctuations, some of which may be significant. The forward-looking statements noted above are based up
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SOURCE Martek Biosciences Corporation
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