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DATATRAK International, Inc. Announces 2008 Third Quarter and Nine Month Operating Results
Date:11/6/2008

DATATRAK International, Inc. and Subsidiaries

Condensed Consolidated Statements of Operations

(Unaudited)

For the Three Months Ended

September 30,

2008 2007

Revenue $2,367,031 $2,116,333

Direct costs 568,020 1,061,088

Gross profit 1,799,011 1,055,245

Selling, general and administrative expenses 3,135,004 3,282,508

Impairment loss --- 213,209

Severance expense 46,701 386,368

Depreciation and amortization 183,863 669,941

Loss from operations (1,566,557) (3,496,781)

Interest income 17,717 128,623

Interest (expense) (54,362) (91,121)

Other 4,317 ---

Loss before income taxes (1,598,885) (3,459,279)

Income tax expense --- 47,000

Net loss $(1,598,885) $(3,506,279)

Net loss per share:

Basic:

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

Weighted-average shares

outstanding 13,681,901 13,634,075

Diluted:

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

Weighted-average shares

outstanding 13,681,901 13,634,075
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SOURCE DATATRAK International, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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