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Martek Announces Fourth Quarter and FY 2009 Financial Results
Date:12/16/2009

evenues 87,589 90,352 345,197 352,362 ------ ------ ------- ------- Cost of revenues: Cost of product sales 45,048 49,838 182,385 192,848 Cost of contract manufacturing and services 4,151 3,174 14,252 14,000 ----- ----- ------ ------ Total cost of revenues 49,199 53,012 196,637 206,848 ------ ------ ------- ------- Gross margin 38,390 37,340 148,560 145,514 ------ ------ ------- ------- Operating expenses: Research and development 6,938 7,145 27,448 26,223 Selling, general and administrative 12,616 13,412 50,027 54,181 Amortization of intangible assets 1,479 1,947 6,389 7,422 Other operating expenses 124 914 1,080 1,504 --- --- ----- ----- Total operating expenses 21,157 23,418 84,944 89,330 ------ ------ ------ ------ Income from operations 17,233 13,922 63,616 56,184 Interest income (expense) and other, net 1 274 428 1,137 --- --- --- ----- Income before income tax provision 17,234 14,196 64,044 57,321 Income tax provision 6,195 3,732 23,454 19,654 ----- ----- ------ ------ Net income $11,039 $10,464 $40,590 $37,667
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SOURCE Martek Biosciences Corporation
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