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Endocare Reports Financial Results for Second Quarter 2008
Date:8/6/2008

176 139

Net loss $(3,721) $(5,521)

Net loss per share - basic and diluted:

Continuing operations $(0.32) $(0.52)

Weighted average shares of common stock outstanding 11,794 10,618

ENDOCARE, INC. AND SUBSIDIARIES

RECONCILIATION OF GAAP NET LOSS TO EARNINGS BEFORE INTEREST, TAXES,

DEPRECIATION, AMORTIZATION AND STOCK COMPENSATION EXPENSE

("ADJUSTED EBITDA")

(Unaudited)

(In thousands)

Three Months Ended Six Months Ended

June 30, June 30,

2008 2007 2008 2007

GAAP net loss $(2,032) $(2,264) $(3,721) $(5,521)

Add:

Depreciation 127 145 253 327

Amortization of intangibles 125 158 251 285

Interest expense 32 54 63 110

Subtotal (1,748) (1,907) (3,154) (4,799)

Add: Stock compensation expense 698 794 1,426 1,584

Adjusted EBITDA $(1,050) $(1,113) $(1,728) $(3,215)

ENDOCARE, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except for per share data)

June 30, December 31,

2008 2007

(Unaudited)

ASSETS

Current assets:

Cash and cash equivale
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SOURCE Endocare, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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