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AMICAS Reports Financial Results for the Fourth Fiscal Quarter and Year Ended December 31, 2008
Date:2/25/2009

- (2,300) Purchases of held-to-maturity securities (236,147) (94,898) Maturities of held-to-maturity securities 237,739 100,263 Purchases of available-for-sale securities (37,033) (45,275) Sales of available-for-sale securities 54,925 37,340 Cash provided by (used in) investing activities 18,839 (5,380) Financing activities Repurchases of common stock (24,769) (803) Exercise of stock options 325 413 Cash used in financing activities (24,444) (390) (Decrease) increase in cash and cash equivalents (1,170) 1,205 Cash and cash equivalents at beginning of period 8,536 7,331 Cash and cash equivalents at end of period $7,366 $8,536 Supplemental disclosure of cash paid during the period for: Income taxes, net of refunds $140 $91 Non-cash investing activities: Unrealized gain on available-for-sale securities $39 $64
                                 Three Months Ended    Twelve Months Ended
    Reconciliation of Net Loss       December 31,           December 31,
     to Non-GAAP Net loss         2008        2007       2008       2007

      Net loss                $(28,698)      $(902)  $(30,071)     $(862)
      Impairment charges        27,490           -     27,490          -
    Non-GAAP net loss          $(1,208)      $(902)   $(2,581)     $(862)


    Reconciliation of            Three Months Ended    Twelve Months Ended
     Net loss to                     December 31,          December 31,
     Non-GAAP Operating           2008        2007       2008       2007
     loss

      Net loss                $(28,698)      $(902)  $(30,071)     $(8
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SOURCE AMICAS, Inc.
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