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SeraCare Reports Fiscal Year 2011 and Fourth Quarter Financial Results

, general and administrative expenses

3,204,2922,954,64712,284,31512,671,970Costs related to management transition and 
exploration of strategic alternatives

1,438,48027,4701,438,480488,780Reorganization items

--(846,094)-Operating income (loss)

(787,983)1,985,9162,589,2556,847,903Interest expense

(37,622)(1,911)(60,815)(234,745)Other income, net

7,50029,41023,00299,493Income (loss) before income taxes

(818,105)2,013,4152,551,4426,712,651Income tax expense (benefit)

12,553(675)(115,564)7,900Net income (loss)

,704,751Earnings (loss) per common share   Basic

.36   Diluted

.35Weighted average shares outstanding   Basic

19,040,92818,853,54418,934,18918,817,478   Diluted

19,040,92819,143,70219,295,18319,108,186The Company has reclassified fiscal 2010 costs related to exploring strategic alternatives previously reported as selling, general and administrative expenses to costs related to management transition and exploration of strategic alternatives.SERACARE LIFE SCIENCES, INC.BALANCE SHEETS — UNAUDITEDAs ofAs ofSeptember 30,September 30,20112010ASSETSCurrent assetsCash and cash equivalents

,074,915Accounts receivable, less allowance for doubtful accounts of $180,000 and  $40,000 as of September 30, 2011 and 2010, respectively

6,339,4227,288,133Taxes receivable


10,163,4079,028,809Prepaid expenses and other current assets

127,021333,191Total current assets

34,740,07232,843,534Property and equipment, net5,669,0655,970,179Goodwill4,284,9794,284,979Other assets384,086526,810Total assets$
43,625,502LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilitiesAccounts payable


SOURCE SeraCare Life Sciences, Inc.
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