Navigation Links
Encorium Reports Fourth Quarter and Full Year 2008 Financial Results
Date:4/27/2009

in direct expenses was partially affected by approximately $340,000 of favorable foreign currency fluctuations absorbed by the Company's European operations in the fourth quarter of 2008.

Selling, general, and administrative expenses (SG&A) increased slightly to $3.3 million, or 46.5% of net revenue, for the three months ended December 31, 2008, compared to $3.2 million, or 38.6% of net revenue, for the three months ended December 31, 2007.

Depreciation and amortization expense decreased by 72.8% to $203,077 for the three months ended December 31, 2008 from $745,375 for the three months ended December 31, 2007 primarily as a result of a reduction in the amount of amortization related to the intangible assets acquired from the Remedium acquisition.

The Company reported a net loss for the fourth quarter of 2008 of $13.7 million, or $(0.67) per diluted share. Included in the results is a non cash $12.5 million, or $(0.61) per share, impairment charge related to the Company's goodwill and certain of its intangible assets. This resulted from the second step of the Company's impairment analysis. The impairment was triggered by a number of factors, including the sustained decline in the Company's stock price during the third quarter of 2008 and the continued deterioration of the underlying comparable companies within the CRO industry as it related to the market value approach methodology. In the fourth quarter of 2007, the Company reported a net loss of $732,000, or $(0.04) per diluted share.

Dr. David Ginsberg, Encorium Group's Chief Executive Officer, commented, "We continue to work on differentiating the Company, pursuing new business as well as enhancing shareholder value."

2008 Full Year Financial Results

Net revenue for the twelve months ended December 31, 2008 decreased to $30.2 million as compared to $31.7 million for the twelve months ended De
'/>"/>

SOURCE Encorium Group, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9

Related medicine news :

1. Encorium Announces Receipt of Letter from Nasdaq Regarding its 2008 Form 10-K Filing
2. Encorium Appoints Shahab Fatheazam to its Board of Directors
3. Universal Health Services, Inc. Reports 17% Increase in 2009 First Quarter Earnings from Continuing Operations Per Diluted Share
4. Hanger Orthopedic Group, Inc. Reports $0.14 EPS on 26.6% Increase in Net Income for the First Quarter 2009
5. Remuda Ranch Reports Eating Disorders on the Rise Among Elderly
6. HCA Reports First Quarter 2009 Results
7. Recent Study Disproves General Hospitals Ongoing Criticism of Physician Owned Hospitals, Shows Little to No Effect on General Hospitals Business, Reports Physician Hospitals of America
8. Neovasc Inc. Reports Year 2008 Financial Results
9. NBTY Reports Second Quarter Results
10. Statement from USPA Exec. Dir. on News Reports of Florida Pharmacy Admission of Error in the Medicine Dispensed to the Horses Who Died on Sunday
11. Sigma-Aldrich (Nasdaq: SIAL) Reports 6% Increase In First Quarter 2009 Diluted EPS to $0.68. All Research Units Achieve Organic Sales Growth. Full Year 2009 Guidance Reaffirmed; Diluted EPS Expected to Exceed Reported EPS for 2008 of $2.65.
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:11/26/2014)... 26, 2014 Bunion Bootie, the newest ... in an early celebration of the early holiday shopping ... offered at the promotional price of $29.95 each (normally ... addition to any automatic discounts applied when buying more ... website for complete details. It’s simple: purchasing more ...
(Date:11/26/2014)... Louisiana Back Institute, leaders of ... minimally invasive spine surgery, announces today the addition ... growing provider network of orthopedic spine surgeons and ... the network’s continuing success providing the most innovative ... who are suffering from orthopedic spine conditions and ...
(Date:11/26/2014)... November 26, 2014 Sonoran Vein ... recently received the Distinguished Preceptorship Award from ... her role in the advancement of nurse practitioners. ... an individual who had made a significant contribution ... The American Association of Nurse Practitioners (AANP) is ...
(Date:11/26/2014)... 25, 2014 (HealthDay News) -- Youngsters who enter puberty ... study suggests. Early puberty was linked with a ... self-image and high anxiety levels, according to the researchers. ... as conflict with family and peers, and having friends ... found. Although the study found an association between ...
(Date:11/26/2014)... -- Teens prescribed anti-anxiety or sleep medications are ... other teens, a new study warns. The ... assessments on teenagers before prescribing these drugs to ... don,t realize the abuse potential," said lead researcher ... Michigan School of Nursing. "These drugs produce highly ...
Breaking Medicine News(10 mins):Health News:Bunion Bootie Temporarily Lowering Prices for Holiday Shopping, Starting Today! 2Health News:Louisiana Back Institute Welcomes Dr. K. Samer Shamieh into Medical Provider Network 2Health News:Sonoran Nurse Receives Distinguished Preceptorship Award from The American Association of Nurse Practitioners 2Health News:Early Puberty Linked to Increased Risk of Depression in Teens 2Health News:Teens Given Anxiety, Sleep Meds May Be at Risk for Drug Abuse 2
... is estimated at around $2.5 trillion per annum, which ... per annum. A radical shift in food consumption pattern ... ,In markets, especially in the developed world, with a ... rapidly increasing. Besides, the emerging health-conscious newer generation globally ...
... Yale Cancer Center is proud to announce the launch of ... Public Radio. Beginning on National Cancer Survivors Day , June ... p.m. on Sunday evenings and feature the latest information on ... Miller, M.D. , ,Cancer Answers is co-hosted by ...
... of therapeutic genes, which will have major implications for ... the 10th Annual Meeting of the American Society of ... gene expression is crucial to the success of gene ... being employed to engineer cells for therapeutic factor production, ...
... gene to diabetes patients using nanoparticles, was presented today at ... Gene Therapy (ASGT) in Seattle. ,Type 1 or ... producing pancreatic -cells. As a result of the loss of ... fine blood vessels and nerve endings leading to debilitating symptoms. ...
... today the start of the EASE (Exhale Airway Stents ... explore an investigational treatment that may offer a ... emphysema. The study focuses on an experimental procedure called ... for trapped air to escape with the goal of ...
... poised to earn the dubious distinction of becoming a country ... better emergency facilities for heart patients could save lives, ... (WHO) reports, India is likely to become the heart attack ... have been spreading like an epidemic and have been affecting ...
Cached Medicine News:Health News:Nutrient-rich Dairy Beverages an Emerging Market 2Health News:Yale Cancer Center Answers: A New Weekly Radio Progam on WNPR 2Health News:New Platform for Regulating Expression of Therapeutic Genes Unveiled 2Health News:Novel Delivery Method of Insulin Gene to Combat Juvenile Diabetes Developed 2Health News:Airway Bypass Treatment for Emphysema - Study 2
(Date:11/26/2014)... 2014  BioScrip ® , Inc. (NASDAQ: BIOS ) ... Executive Officer, will present at the Bank of America Merrill Lynch ... , Date: , , , Wednesday, December 3, 2014 , ... , , , Location: , , , Boca Raton Resort ... Inc. BioScrip, Inc. is a leading national ...
(Date:11/26/2014)... -- Zynerba Pharmaceuticals , Inc., a specialty pharmaceutical ... cannabinoid treatments, today announced that the company will present ... The conference will be held December 2 to 3, ... York . Zynerba,s Chairman and CEO, Armando ... December 2. To listen to a webcast ...
(Date:11/26/2014)... 26, 2014  Aridis Pharmaceuticals, Inc., a biopharmaceutical ... for infectious diseases, announced today the addition of ... key opinion leader in the areas of pneumonia ... Founder and Chief Executive Officer, ... Opal,s extensive experience investigating bacterial toxins and key ...
Breaking Medicine Technology:Zynerba Pharmaceuticals to Present at Piper Jaffray 26th Annual Healthcare Conference 2014 2Aridis Pharmaceuticals Appoints Dr. Steven Opal to Scientific Advisory Board 2Aridis Pharmaceuticals Appoints Dr. Steven Opal to Scientific Advisory Board 3
... WASHINGTON, Aug. 30, 2011 Public Citizen filed a petition ... the FDA should revise its rules that bar generic drug ... drug makers should be allowed to ask the FDA to ... to patients who take their drugs. Reporters developing a story ...
... LAKE FOREST, Ill., Aug. 29, 2011 Hospira, Inc. (NYSE: ... medication delivery company, today announced that it will host an ... 2011. F. Michael Ball, Hospira,s chief executive officer, and several ... event. A streaming audio webcast of the event, ...
Cached Medicine Technology:
... ARUP Laboratories is a national reference ... laboratory research and development. ARUP offers an ... unique medical tests in clinical and anatomic ... ARUP Laboratories' clients include more than half ...
... ARUP Laboratories is a national reference laboratory ... research and development. ARUP offers an extensive ... medical tests in clinical and anatomic pathology. ... Laboratories' clients include more than half of ...
... a national reference laboratory and a worldwide ... ARUP offers an extensive test menu of ... clinical and anatomic pathology. Owned by the ... more than half of the nation's university ...
... ARUP Laboratories is a national reference ... laboratory research and development. ARUP offers an ... unique medical tests in clinical and anatomic ... ARUP Laboratories' clients include more than half ...
Medicine Products: