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eResearchTechnology Reports Fourth Quarter and Full Year 2007 Results
Date:2/26/2008

105 286 304

Cost of services 6,301 8,932 25,431 30,522

Cost of site support 4,329 4,665 18,821 17,808

Total costs of revenues 10,688 13,702 44,538 48,634

Gross margin 9,237 15,207 41,830 50,064

Operating expenses:

Selling and marketing 2,364 3,143 11,051 11,222

General and

administrative 2,910 3,343 14,668 12,258

Research and

development 818 1,178 4,146 4,333

Total operating

expenses 6,092 7,664 29,865 27,813

Operating income 3,145 7,543 11,965 22,251

Other income, net 183 503 1,250 2,206

Income before income

taxes 3,328 8,046 13,215 24,457

Income tax provision 1,084 2,887 4,905 9,205

Net income $2,244 $5,159 $8,310 $15,252

Basic net income per

share $0.04 $0.10 $0.17 $0.30

Diluted net income per

share $0.04 $0.10 $0.16 $0.29

Shares used to

calculate basic

net income per share 49,988 50,618 49,474 50,476

Shares used to

calculate diluted

net income per share 51,364 51,929 51,485 51,743

eResearchTechnology, Inc. and Subsidiaries

Consolidated Balance Sheets

(in thousands, except share and per share amounts)

December 31, 2006 December 31, 2007

ASSETS (unaudited)

Current assets:

Cash and cash equivalen
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SOURCE eResearchTechnology, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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