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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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