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Endocare Reports 2008 Annual and Fourth Quarter Financial Results

ally owned (as calculated in accordance with Rule 13d-3 under the Securities Exchange Act of 1934, as amended) approximately 420,523 shares, or 3.6%, of Endocare's common stock. You can obtain free copies of these documents from Endocare using the contact information set forth above.

                             FINANCIAL TABLES FOLLOW

                          ENDOCARE, INC. AND SUBSIDIARY
                       (In thousands, except per share data)

                                     Three Months Ended   Year Ended
                                         December 31,     December 31,
                                        2008     2007     2008    2007

    Total revenues                     $7,890   $6,914  $31,562  $29,687

    Costs and expenses:
      Cost of revenues                  2,808    2,274    9,935    9,780
      Research and development            581      620    2,346    2,555
      Selling and marketing             3,499    3,493   14,619   14,855
      General and administrative        3,844    2,950   13,078   12,506
      Gain on recovery of note
       receivable                           -        -     (750)       -
      Litigation settlement, net of
       related legal expenses               -        -        -     (677)
      Investment impairment               918        -      918        -
    Total costs and expenses           11,650    9,337   40,146   39,019

    Loss from operations               (3,760)  (2,423)  (8,584)  (9,332)
    Interest income (expense), net        (13)      12      168      391

    Net loss                          $(3,773) $(2,435) $(8,416) $(8,941)

    Net loss per share - basic and
     diluted                           $(0.31)  $(0.21)  $(0.71)  $(0.80)

    Weighted average shares of common
     stock outstanding    
SOURCE Endocare, Inc.
Copyright©2009 PR Newswire.
All rights reserved

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