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Hooper Holmes Announces Fourth Quarter and Year-End 2008 Results
Date:3/13/2009

illion compared to $208.6 million in the comparable period of 2007, a decrease of 5.0%. The Company's net loss for the twelve months ended December 31, 2008 totaled $1.9 million, or $(0.03) per share, compared to a net loss of $7.3 million, or $(0.11) per share in 2007. The results for the twelve months ended December 31, 2008 include a loss from continuing operations of $1.6 million, or $(0.02) per share compared to a loss from continuing operations of $10.5 million, or $(0.15) per share in the prior year. The loss from continuing operations in 2008 includes restructuring and other charges of $1.6 million. The 2007 loss from continuing operations included restructuring and other charges of $4.7 million. The net loss for the twelve months ended December 31, 2008 includes a loss of $0.3 million from discontinued operations. The net loss for 2007 included income from discontinued operations totaling $3.2 million.

Fourth Quarter 2008 Results by Business Unit

Our revenues for each business include:

  • Portamedic revenues decreased approximately 5% to $33.2 million compared to $35.1 million in the fourth quarter of 2007. This decrease is the result of a reduction in paramedical exams of approximately 12%, partially offset by higher average revenue per exam of 6%.
  • Infolink revenues were $5.5 million, a decrease of 22% compared to $7.0 million in the fourth quarter of 2007, primarily due to a decrease in the number of attending physician statements (APS) orders received from customers during the quarter.
  • Heritage Labs revenues totaled $2.9 million in the fourth quarter of 2008, down 16% compared to $3.4 million in 2007, primarily due to reduced revenue from one major client approximating $1.1 million, partially offset by increased revenues from existing clients.
  • Health & Wellness revenues were up in comparison
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SOURCE Hooper Holmes
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