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Spectral announces third quarter 2008 results
Date:11/12/2008

8 and 2007

-------------------------------------------------------------------------

(in thousands of dollars, except share and per share data)

3 Months Ended 9 Months Ended

September 30 September 30

2008 2007 2008 2007

$ $ $ $

Sales 701 739 2,150 2,318

Cost of sales 171 168 560 547

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Gross margin 530 571 1,590 1,771

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Operating expenses

Selling, general and

administrative 729 799 2,295 2,375

Amortization 160 147 478 433

Foreign exchange (gain)

loss (28) 27 (26) 81

Stock-based compensation 22 - 65 31

Research and product

development, net of tax

credits 4 - 29 (125)

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887 973 2,841 2,795

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Loss before the following (357) (402) (1,251) (1,024)

Interest expense on

convertible notes payable (41) (41) (123) (124)

Net interest income 66 61 175 180

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SOURCE Spectral Diagnostics Inc.
Copyright©2008 PR Newswire.
All rights reserved

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