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Birner Dental Management Services, Inc. Announces Earnings for Year End and Fourth Quarter 2008
Date:3/26/2009

December 31, December 31, 2007 2008 2007 2008 NET REVENUE:(1) $8,168,452 $8,018,742 $35,282,984 $34,522,861 DIRECT EXPENSES: Clinical salaries and benefits 2,150,467 2,237,651 9,258,232 9,748,636 Dental supplies 552,253 525,267 2,316,044 2,370,866 Laboratory fees 616,728 636,926 2,615,017 2,722,607 Occupancy 1,151,492 1,196,155 4,599,981 4,798,133 Advertising and marketing 119,389 101,721 678,488 433,496 Depreciation and amortization 711,447 619,723 2,541,995 2,445,956 General and administrative 1,171,630 1,102,430 4,593,316 4,731,822 6,473,406 6,419,873 26,603,073 27,251,516 Contribution from dental offices 1,695,046 1,598,869 8,679,911 7,271,345 CORPORATE EXPENSES: General and administrative 924,323(2) 882,028(2) 4,119,052(3) 3,687,341(3) Depreciation and amortization 25,383 24,192 110,270 96,366 Operating income 745,340 692,649 4,450,589 3,487,638 Interest expense, net 78,989 82,450 365,140 282,267 Income from continuing operations before income taxes 666,351 610,199 4,085,449 3,205,371 Income tax expense 258,807 287,692 1,650,342 1,414,962 Net income $407,544 $322,507 $2,435,107 $1,790,409 Net income per share of Common Stock - Basic $0.20 $0.17 $1.16 $0.88
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SOURCE Birner Dental Management Services, Inc.
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