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DATATRAK International, Inc. Announces Fourth Quarter and Full Year Results for 2008
Date:3/16/2009

73,211 Accounts payable and other current liabilities $2,878,831 $3,971,883 Long-term liabilities 1,446,923 5,931,962 Shareholders' equity 321,386 16,569,366 Total liabilities and shareholders' equity $4,647,140 $26,473,211 DATATRAK International, Inc. and Subsidiaries Condensed Consolidated Statements of Operations (Unaudited) For the Three Months Ended December 31, 2008 2007 Revenue $2,121,895 $1,838,730 Direct costs 432,309 964,970 Gross profit 1,689,586 873,760 Selling, general and administrative expenses 1,134,411 2,770,640 Severance expense 123,611 191,688 Depreciation and amortization 135,146 542,980 Liquidation of foreign subsidiary 380,798 --- Impairment loss 24,689 --- Loss from operations (109,069) (2,631,548) Interest income 9,244 89,830 Interest (expense) benefit 141,446 (84,139) Other expense (6,935) --- Settlement of ClickFind lawsuit 3,000,000 --- Income (loss) before income taxes 3,034,686 (2,625,857) Income tax benefit --- (139,600) Net income (loss) $3,034,686 $(2,486,25
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Related medicine news :

1. DATATRAK International, Inc. Announces the Return of Chris Wilke as Vice-President of R&D and the Issuance of a Patent
2. DATATRAK Announces Retirement of Chief Executive Officer
3. DATATRAK International, Inc. Receives Notice from NASDAQ
4. NTT DATA Launches First Self-Designed DATATRAK eClinical(TM) Project Into Production in Japan
5. DATATRAK International, Inc. Announces 2008 Third Quarter and Nine Month Operating Results
6. DATATRAK International Management to Host Conference Call on November 6, 2008 to Discuss Third Quarter and Nine Month Operating Results for 2008
7. DATATRAK International, Inc. Receives Notice From Nasdaq
8. Ease-of-Use and Intuitive Nature of the DATATRAK eClinical(TM) Platform Allows for Further Operational Efficiencies
9. DATATRAK Announces Restructured Senior Management Team
10. DATATRAK International Reports Fourth Quarter and Full Year Results for 2007
11. DATATRAK International Management to Host Conference Call on February 26, 2008 to Discuss Fourth Quarter and Full Year Operating Results for 2007
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