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Encorium Reports Third Quarter 2009 Financial Results; Announces Date of Annual Stockholder Meeting
Date:11/16/2009

Net revenue $4,446,606 $5,396,894 $13,468,042 $16,716,964 Reimbursement revenue 661,176 1,116,818 2,576,542 3,085,554 ------- --------- --------- --------- Total Revenue 5,107,782 6,513,712 16,044,584 19,802,518 --------- --------- ---------- ---------- Operating Expenses Direct 2,905,878 3,519,946 9,270,853 11,026,826 Reimbursement out-of-pocket expenses 661,176 1,116,818 2,576,542 3,085,554 Selling, general and administrative 2,058,878 2,035,638 6,379,746 6,836,465 Depreciation and amortization 98,563 403,406 281,938 1,183,681 Impairment loss - 1,856,183 - 1,856,183 --- --------- --- --------- Total Operating Expenses 5,724,495 8,931,991 18,509,079 23,988,709 --------- --------- ---------- ---------- Loss from Operations (616,713) (2,418,279) (2,464,495) (4,186,191) Interest Income - 1,071 - 13,756 Interest Expense (26,676) (17,129) (31,132) (24,044) ------- ------- ------- ------- Net Interest (Expense) Income (26,676) (16,058) (31,132) (10,288) Other expense - - - - Net Loss from continuing operations before Income Taxes (643,389) (2,434,337) (2,495,627) (4,196,479) --------- ----------- ---------- ----------- Income Tax Expense (Benefit) 98,826 (8,627) 90,899 60,269
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SOURCE Encorium Group, Inc.
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