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

nternational, Inc. and Subsidiaries

Condensed Consolidated Statements of Operations

(Unaudited)

For the Twelve Months

Ended December 31,

2007 2006

Revenue $10,561,868 $17,690,336

Direct costs 4,582,829 5,221,665

Gross profit 5,979,039 12,468,671

Selling, general and administrative expenses 13,096,953 13,266,618

Severance expense 915,117 294,974

Depreciation and amortization 2,721,966 2,306,382

Impairment loss 213,209 ---

Loss from operations (10,968,206) (3,399,303)

Interest income 440,158 237,763

Interest expense (369,755) (352,870)

Other expense (1,700) ---

Loss before income taxes (10,899,503) (3,514,410)

Income tax expense (benefit) (46,000) 976,000

Net loss $(10,853,503) $(4,490,410)

Net loss per share:

Basic:

Net loss per share $(0.82) $(0.40)

Weighted average shares outstanding 13,197,706 11,273,382

Diluted:

Net loss per share $(0.82) $(0.40)

Weighted average shares outstanding 13,197,706 11,273,382


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SOURCE DATATRAK International, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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