Heska Announces Q4 and Annual 20... (a's existing products; uncertainties rel...)

Heska Announces Q4 and Annual 2008 Results

Date:3/16/2009

a's existing products; uncertainties related to Heska's ability to obtain access to capital in the future in order to sustain its business; uncertainties related to Heska's ability to maintain its listing on the Nasdaq Capital Market; risks related to Heska's reliance on third parties for products Heska may intend to introduce in the future; and the risks set forth in Heska's filings and future filings with the Securities and Exchange Commission, including those set forth in Heska's Annual Report on Form 10-K for the year ended December 31, 2007 and Quarterly Report on Form 10-Q for the quarter ended September 30, 2008.

Financial Table Follows:

Consolidated Statements of Operations
In Thousands, Except per Share Amounts
(unaudited)

Three Months Twelve Months
Ended Ended
December 31, December 31,
2007 2008 2007 2008
Revenue, net:
Product revenue, net:
Core companion animal health $17,082 $13,398 $65,910 $67,021
Other vaccines,
pharmaceuticals and products 2,635 1,729 14,897 13,310
Total product revenue, net 19,717 15,127 80,807 80,331
Research, development and other 325 307 1,528 1,322
Total revenue, net 20,042 15,434 82,335 81,653

Cost of revenue:
Cost of products sold 13,084 11,083 48,874 52,478
Cost of research, development
and other 40 10 274 331
Total cost of revenue 13,124 11,093 49,148 52,809

Gross profit 6,918 4,341
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SOURCE Heska Corporation
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