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DATATRAK International, Inc. Announces 2007 Third Quarter and Nine Month Operating Results
Date:11/8/2007

(3,496,781) (972,983)

Interest income 128,623 50,047

Interest expense (91,121) (106,208)

Loss before income taxes (3,459,279) (1,029,144)

Income tax expense 47,000 297,000

Net loss $(3,506,279) $(1,326,144)

Net loss per share:

Basic:

Net loss per share $(0.26) $(0.12)

Weighted-average shares

outstanding 13,634,075 11,400,675

Diluted:

Net loss per share $(0.26) $(0.12)

Weighted-average shares

outstanding 13,634,075 11,400,675

DATATRAK International, Inc. and Subsidiaries

Condensed Consolidated Statements of Operations

(Unaudited)

For the Nine Months Ended

September 30,

2007 2006

Revenue $8,723,138 $13,704,673

Direct costs 3,617,858 3,877,047

Gross profit 5,105,280 9,827,626

Selling, general and administrative

expenses 10,326,314 9,911,092

Severance expense 723,429 294,974

Depreciation and amortization 2,178,986 1,663,692

Impairment loss 213,209 ---

Loss from operations (8,336,658) (2,042,132
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SOURCE DATATRAK International, Inc.
Copyright©2007 PR Newswire.
All rights reserved

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