Navigation Links
PDI Reports 2012 Third Quarter Financial Results

PARSIPPANY, N.J., Nov. 5, 2012 /PRNewswire/ -- PDI, Inc. (Nasdaq: PDII), today reported financial and operational results for the third quarter ended September 30, 2012. Summary of third quarter and subsequent financial and operating highlights include:

  • Signed multi-year Sales Services contract valued at up to $150 million with Top 5 global pharmaceutical company.
  • Gerald J. Melillo promoted to President, Sales Services.
  • Condensed Summary Statement of Continuing Operations 3rd Quarter EndedNine Months EndedSeptember 30,*September 30,*2012201120122011Revenue, net$ 31,781$ 36,069$ 91,267$ 119,008Gross profit5,9397,67519,87523,770Operating expenses:Compensation expense4,0754,17112,72615,150Other SG&A2,6203,3098,44210,885Total operating expenses6,6957,48021,16826,035Operating (loss) income$ (756)$ 195$ (1,293)$ (2,265)Other expense, net-(48)(15)(122)Provision (benefit) for income tax74183219(512)Loss from continuing operations$ (830)$ (36)$ (1,527)$ (1,875)Diluted loss per share from continuing operations$ (0.06)$ -$ (0.10)$ (0.13)*Unaudited 

    CEO Comments
    Commenting on the company's results, Nancy Lurker, chief executive officer of PDI, Inc., noted, "As expected, third quarter revenue was below that of the same period in 2011 due primarily to the timing and implementation of new contracts. To date, we have won more than $250 million of new contracts and renewals in 2012. Due to the timing of these wins and the execution timelines of these contracts, we expect that only approximately $40 million will impact revenue in 2012. Factoring in this activity, we now estimate that total revenue for the full year of 2012 will be in the range of $127 - $130 million. 

    "Gross margins on our new Sales Services business in 2012 continue to trend lower than historical rates, including the $150 million win announced recently. We expect the gros

    SOURCE PDI, Inc.
    Copyright©2012 PR Newswire.
    All rights reserved

    Page: 1 2 3 4 5 6 7 8

    Related biology technology :

    1. Discovery Labs Reports Third Quarter Financial Results and Progress on Lead Programs
    2. Verenium Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2011
    3. Interleukin Genetics Reports Third Quarter 2011 Financial Results
    4. Cell Therapeutics, Inc. Reports Results of Annual Meeting of Shareholders
    5. Nile Therapeutics Reports 2011 Third Quarter Financial Results
    6. Pharmasset Reports Fiscal Year End 2011 Financial Results
    7. Palatin Technologies, Inc. Reports First Quarter Fiscal Year 2012 Results; Teleconference and Webcast to be held on November 15, 2011
    8. SeraCare Reports Fiscal Year 2011 and Fourth Quarter Financial Results
    9. WaferGen Reports Third Quarter 2011 Financial Results and Announces New Commercialization Strategy
    10. Hadasit Bio-Holdings Ltd. Reports Significant External Financing for Portfolio Companies
    11. Biodel Reports Fourth Quarter Fiscal Year 2011 Financial Results
    Post Your Comments:
    (Date:10/20/2014)... Convey Computer , the leader in ... State University won first place in the 2014 ... the team’s solution achieved the highest overall performance in ... place finisher. , Experts from all segments of the ... challenge, using a variety of design tools, hardware and ...
    (Date:10/20/2014)... Inc. (TSXV: BRM) ("Biorem" or "the Company") today announced four new ... and provides a good start to Q4.  The orders are for ... and one in the Middle East . ... Peter Bruijns , President & CEO. "Total bidding activity and ... have been for any complete year since the company has tracked ...
    (Date:10/20/2014)... Oct. 20, 2014  GenVec, Inc. (NASDAQ: GNVC ... , Ph.D., from its board of directors effective on October ... 2003, and served as its chairman from June 2006 to ... Nominating and Corporate Governance and Audit Committees of the board.  ... a decade of dedicated service to GenVec, and its stockholders," ...
    (Date:10/20/2014)... 2014 OncLive® is ... Center at Thomas Jefferson University has joined its ... Strategic Alliance Partnership program, the Sidney Kimmel Cancer ... raise awareness of the Center’s cutting-edge research programs, ... Clinicians and other health care professionals from the ...
    Breaking Biology Technology:Team from Iowa State Wins 2014 MemoCODE Design Contest Using Convey HC-2ex 2Team from Iowa State Wins 2014 MemoCODE Design Contest Using Convey HC-2ex 3Zola P. Horovitz To Retire From GenVec Board 2Sidney Kimmel Cancer Center at Thomas Jefferson University Partners With OncLive 2Sidney Kimmel Cancer Center at Thomas Jefferson University Partners With OncLive 3
    ... Madison, Wis. - Matt Miszewski will leave his ... at the end of February, about the time an audit ... released. , ,Miszewski, who likely will pursue opportunities in the ... e-mail and praised them for revolutionizing the use of technology ...
    ... Wis. - Wisconsin companies raised more venture capital in ... in both categories, according to report from Ernst & ... ,Companies in Wisconsin reported 12 venture deals in 2006, including ... a Madison-based maker of genomic research tools, for a total ...
    ... MailFoundry , a provider of anti-spam appliances and solutions, ... spam tactics known as botnet e-mail harvesting ... company's chief executive said the new RedListing anti-spam layer, produced ... no false positives and realtime detection capabilities. , ,David C. ...
    Cached Biology Technology:Miszewski to depart as state IT audit wraps up 2Wisconsin fares slightly better in venture capital chase 2Wisconsin fares slightly better in venture capital chase 3
    (Date:10/16/2014)... Respiratory Syncytial Virus causes severe respiratory tract infections ... each year. Scientists at VIB and Ghent University ... to counteract this common virus infection. , ... strategy that paves the way for the development ... a virus that causes suffering in numerous small ...
    (Date:10/15/2014)... 15, 2014 Sandata Technologies, LLC, an ... community-based care, today announced it released a case ... Electronic Visit Verification™ Solution (EVV™)  for Quality Care ... health company founded in 1996 and has five ... The study details the challenges facing ...
    (Date:10/15/2014)... Johannes Gutenberg University Mainz (JGU) as a full ... to maintain a significant nationwide standing in the ... of Johannes Gutenberg University Mainz as a full ... the national and international competition for the best ... can be proud that Mainz University has been ...
    Breaking Biology News(10 mins):New perspectives for development of an RSV vaccine 2Sandata Announces Case Study with Quality Care Services, Inc. 2Johannes Gutenberg University Mainz joins Germany's Gauss-Allianz as a full member 2Johannes Gutenberg University Mainz joins Germany's Gauss-Allianz as a full member 3
    ... will soon host a round-the-clock, robotically choreographed hunt for ... leads a diverse team of scientists whose goal is ... dioxide from a power plant,s exhaust, before it leaves ... betting on a recently discovered class of materials called ...
    ... Scientist Jon Chase once worked in a lab that set up ... "We would try to duplicate pond communities with a given ... in each pond, and five of these species, and eight of ... grams of that and ,sproing, every replicate would do its own ...
    ... People often have strong opinions on the "right" firmness ... some cell types have similar preferences for their ... Institute of Standards and Technology (NIST) and the National ... offer cells a three-dimensional scaffold that varies over a ...
    Cached Biology News:The search for improved carbon sponges picks up speed 2The search for improved carbon sponges picks up speed 3The great pond experiment: Regional vs. local biodiversity 2The great pond experiment: Regional vs. local biodiversity 3Scaffold gradients: Finding the right environment for developing cells 2