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Martek Announces Second Quarter 2008 Financial Results

t formula and supplements, and life'sARA(TM) (arachidonic acid), an omega-6 fatty acid, for use in infant formula. For more information on Martek Biosciences, visit


Summary Consolidated Financial Information

(Unaudited - $ in thousands, except per share data)

Condensed Consolidated Statements of Income Data

Three months ended Six months ended

April 30, April 30,

2008 2007 2008 2007


Product sales $87,875 $72,336 $166,484 $139,048

Contract manufacturing

sales 2,851 4,350 7,123 7,899

Total revenues 90,726 76,686 173,607 146,947

Cost of revenues:

Cost of product sales 50,579 45,817 95,676 88,786

Cost of contract

manufacturing sales 2,764 4,192 6,452 7,615

Total cost of revenues 53,343 50,009 102,128 96,401

Gross margin 37,383 26,677 71,479 50,546

Operating expenses:

Research and development 6,819 6,033 12,800 11,975

Selling, general and

administrative 14,234 10,488 27,215 21,120

Amortization of intangible

assets 1,877 1,373 3,556 2,919

Restructuring charge - 83 - 601

Other operating expenses 96 623 249 1,096

Total operating

expenses 23,026 18,600 43,820 37,711

Income from opera

SOURCE Martek Biosciences Corporation
Copyright©2008 PR Newswire.
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