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

non-infringement of intellectual property, seasonality, and other factors more fully described in SDI's public filings with the U.S. Securities and Exchange Commission.

STRATEGIC DIAGNOSTICS INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(in thousands, except share and per share data)

(unaudited)

December 31, December 31,

2007 2006

ASSETS

Current Assets :

Cash and cash equivalents $12,988 $ 10,892

Receivables, net 4,110 3,678

Inventories 4,204 3,178

Deferred tax asset 1,201 831

Other current assets 521 492

Total current assets 23,024 19,071

Property and equipment, net 5,481 4,058

Other assets 7 3

Deferred tax asset 7,389 8,484

Intangible assets, net 6,048 6,337

Total assets $41,949 $ 37,953

LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities :

Accounts payable $569 $541

Accrued expenses 1,866 1,455

Deferred revenue 5 133

Current portion of long term debt 611 211

Total current liabilities 3,051 2,340

Long-term debt 1,640 3
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SOURCE Strategic Diagnostics Inc.
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