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Caraco Pharmaceutical Laboratories, Ltd. Reports Results for the Third Quarter and First Nine Months of Fiscal Year 2010
Date:1/28/2010

ths ended December 31, Quarter ended December 31, 2009 2008 2009 2008 ---- ---- ---- ---- (UNAUDITED) (UNAUDITED) (UNAUDITED) (UNAUDITED) Net sales $178,435,869 $286,185,477 $51,989,958 $55,720,312 Cost of goods sold 167,148,654 224,698,828 48,905,076 39,818,936 ----------- ----------- ---------- ---------- Gross profit before reserve for inventory seized by FDA 11,287,215 61,486,649 3,084,882 15,901,376 Reserve for inventory seized by FDA 15,950,188 - - - ---------- --- --- --- Gross (loss) profit (4,662,973) 61,486,649 3,084,882 15,901,376 Selling, general and administrative expenses 15,855,217 11,790,777 5,402,641 3,735,532 Research and development costs 8,346,916 16,886,738 2,753,965 5,820,799 --------- ---------- --------- --------- Operating (loss) income prior to non- recurring income (28,865,106) 32,809,134 (5,071,724) 6,345,045 Non-recurring income 20,000,000 - - - ---------- --- --- --- Operating (loss) income (8,865,106) 32,809,134 (5,071,724) 6,345,045 ---------- ---------- ---------- --------- Other income (expense) Interest expense (402,174) - (144,089) - Interest income 464,835 570,847 200,175 150,589 Loss on sale o
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SOURCE Caraco Pharmaceutical Laboratories, Ltd.
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