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Arcadia Resources Announces Fourth Quarter and Fiscal 2009 Year-End Results
Date:6/25/2009

Depreciation and amortization 573 353 2,016 1,860 Goodwill and intangible asset impairment 23,511 - 23,511 - Total operating Expenses 34,910 10,129 66,010 39,836 Operating loss (27,346) (2,589) (34,248) (9,247) Other expenses: Interest expense, net 1,031 1,284 4,072 4,317 Loss on extinguishment of Debt 4,239 - 4,487 - Other 48 102 75 129 Total other expenses 5,318 1,386 8,634 4,446 Loss from continuing operations before income taxes (32,664) (3,975) (42,882) (13,693) Current income tax expense 2 479 122 535 Loss from continuing operations (32,666) (4,454) (43,004) (14,228) Discontinued operations: Loss from discontinued Operations (4,046) 1,362 (2,208) (6,781) Net loss on disposal - - (1,258) (2,389) (4,046) 1,362 (3,466) (9,170) NET LOSS $(36,712) $(3,092) $(46,470) $(23,398) Weighted average number of common shares outstanding 137,665 126,476 134,583 122,828 Basic and diluted net loss per share: Loss from continuing operations $(0.24) $(0.04) $(0.32) $(0.12) Loss from discontinued operations (0.03) 0.02 (0.03) (0.07) Net loss per share $(0.27) $(0.02) $(0.35) $(0.19) Cash Flow Statement (Unaudited) ($000's)
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SOURCE Arcadia Resources, Inc.
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