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Strategic Diagnostics Reports Fourth Quarter and Full-Year Financial Results
Date:2/28/2008

n disposal of assets 2 - 110 -

Total operating expenses 6,960 6,451 25,804 24,942

Operating income 311 539 1,403 580

Interest income (expense), net 98 111 433 386

Income before taxes 409 650 1,836 966

Income tax expense 243 159 976 282

Net income 166 491 860 684

Basic net income per share $0.01 $ 0.02 $0.04 $ 0.03

Shares used in computing

basic net income per

share 20,396,000 20,141,000 20,325,000 20,032,000

Diluted net income per

share $0.01 $ 0.02 $0.04 $ 0.03

Shares used in computing

diluted net income per

share 20,768,000 20,227,000 20,563,000 20,109,000

The accompanying notes are an integral part of these statements

STRATEGIC DIAGNOSTICS INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands) (unaudited)

Twelve Months Ended

December 31,

2007 2006

Cash Flows from Operating Activities :

Net income $860 $684

Adjustments to reconcile net income to

net cash provided by (used in) operating

activities :

Depreciation and amortization 1,206 1,027

Stock Compensation Expense 430 277

Deferred income tax provision 773 1
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SOURCE Strategic Diagnostics Inc.
Copyright©2008 PR Newswire.
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