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eResearchTechnology Reports Third Quarter 2008 Results

ent, and market demand. As a result, actual results may differ materially from any financial outlooks stated herein. Further information on potential factors that could affect the Company's financial results can be found in the Company's Reports on Form 10-K and 10-Q filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.

eResearchTechnology, Inc. and Subsidiaries

Consolidated Statements of Operations

(in thousands, except per share amounts)


Three Months Ended Nine Months Ended

September 30, September 30,

2007 2008 2007 2008

Net revenues:

Licenses $651 $891 $2,013 $2,386

Services 16,453 24,857 47,982 77,510

Site support 6,867 8,182 19,794 23,179

Total net revenues 23,971 33,930 69,789 103,075

Costs of revenues:

Cost of licenses 70 179 199 549

Cost of services 7,567 9,951 21,590 30,948

Cost of site support 4,831 4,698 13,143 14,565

Total costs of revenues 12,468 14,828 34,932 46,062

Gross margin 11,503 19,102 34,857 57,013

Operating expenses:

Selling and marketing 2,487 3,126 8,079 10,259

General and

administrative 2,527 4,254 8,915 13,728

Research and development 1,128 1,173 3,155

SOURCE eResearchTechnology, Inc.
Copyright©2008 PR Newswire.
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