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eResearchTechnology Reports Fourth Quarter and Full Year 2007 Results

ts $15,497 $38,082

Short-term investments 41,416 8,797

Accounts receivable, net 17,866 26,718

Prepaid income taxes 2,819 743

Prepaid expenses and other 2,761 3,087

Deferred income taxes 912 901

Total current assets 81,271 78,328

Property and equipment, net 31,129 33,347

Goodwill 1,212 30,908

Long-term investments 928 -

Intangible assts - 3,849

Deferred income taxes - 1,011

Other assets 524 253

Total assets $115,064 $147,696


Current liabilities:

Accounts payable $4,360 $3,505

Accrued expenses 3,445 12,103

Income taxes payable 781 2,352

Current portion of capital lease obligations 40 1,097

Deferred revenues 11,325 13,905

Total current liabilities 19,951 32,962

Capital lease obligations, excluding current

portion - 48

Deferred income taxes 1,491 -

Other liabilities - 1,174

Total liabilities 21,442 34,184

Stockholders' equity:

SOURCE eResearchTechnology, Inc.
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