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DATATRAK International Reports Fourth Quarter and Full Year Results for 2007
Date:2/26/2008

-term liabilities 4,251,962 5,446,703

Shareholders' equity 16,569,366 18,063,994

Total liabilities and shareholders' equity $26,473,211 $27,220,182

DATATRAK International, Inc. and Subsidiaries

Condensed Consolidated Statements of Operations

(Unaudited)

For the Three Months

Ended December 31,

2007 2006

Revenue $1,838,730 $3,985,663

Direct costs 964,970 1,344,618

Gross profit 873,760 2,641,045

Selling, general and administrative expenses 2,770,640 3,355,526

Severance expense 191,688 ---

Depreciation and amortization 542,980 642,690

Loss from operations (2,631,548) (1,357,171)

Interest income 89,830 56,347

Interest expense (84,139) (104,782)

Loss before income taxes (2,625,857) (1,405,606)

Income tax expense (benefit) (139,600) 976,000

Net loss $(2,486,257) $(2,381,606)

Net loss per share:

Basic:

Net loss per share $(0.18) $(0.21)

Weighted average shares outstanding 13,681,901 11,471,431

Diluted:

Net loss per share $(0.18) $(0.21)

Weighted average shares outstanding 13,681,901 11,471,431

DATATRAK I
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SOURCE DATATRAK International, Inc.
Copyright©2008 PR Newswire.
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