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Martek Announces Second Quarter 2008 Financial Results
Date:6/4/2008

United States)

-- WhiteWave Foods' Rachel's(R) Wickedly Delicious Yogurt with

life'sDHA(TM) (new flavors in the United States)

-- Plum Organics' baby food with life'sDHA(TM) (United States)

-- Soyaworld's So Good Omega DHA Soymilk with life'sDHA(TM) (Canada)

-- Maverick Brands' Sunkist Naturals Glorious Greens Smoothie with

life'sDHA(TM) (United States)

-- National Foods' Berri Australian Fresh Omega-3 for Heart & Mind juice-

blend with life'sDHA (Australia)

-- Bimbo Bakeries' Oroweat 9 Grain Bread with life'sDHA(TM) (United

States)

-- Canada Bread Company's Dempster's Smart(TM) 100% Whole Grain Wheat

Bread with life'sDHA(TM) (Canada)

Nutritional Supplement Products

-- Spectrum Organics' Spectrum Essentials Vegetarian DHA with

life'sDHA(TM) (United States)

-- Flora's Bija - Udo's Choice DHA Omega-3 Truffles with life'sDHA(TM)

(Canada)

-- Flora's Udo's Choice Unrefined Algae DHA Vegetarian Softgel with

life'sDHA(TM) (Canada)

-- Source-Omega's Pure One Optimized Omega-3 with life'sDHA(TM) (United

States)

Contract manufacturing sales in the second quarter totaled $2.9 million, compared with $4.4 million a year ago, and in the year-to-date period totaled $7.1 million, compared with $7.9 million in the prior year. The decline in contract manufacturing revenues resulted from the Company's decision to narrow its contract manufacturing services to include only products with expected reasonable profit margins or those that the Company believes could have a strategic fit in the future.

Gross Margin and Operating Expenses

Overall gross margin for the second quarter of fiscal 2008 was 41.2%, essentially unchanged from the 41.1% gross margin realized in the first quarter of 2008, but a significant increase over the 34.8% gross margin realized in the second quarter of fiscal 2007. The gross profit margin i
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SOURCE Martek Biosciences Corporation
Copyright©2008 PR Newswire.
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