Hooper Holmes Announces Third Quarter 20... ( BASKING RIDGE N.J. Nov. 9 /- Hoop...)

Hooper Holmes Announces Third Quarter 2007 Results

Date:11/9/2007

BASKING RIDGE, N.J., Nov. 9 /PRNewswire-FirstCall/ -- Hooper Holmes, Inc. (Amex: HH), a leading provider of healthcare assessment services, today announced financial results for the third quarter ended September 30, 2007.

Third quarter 2007 revenues were $56.3 million compared to $60.6 million in the corresponding period of 2006. The Company recorded a net loss for the third quarter of 2007 of $10.6 million, or $(0.16) per share, compared to a net loss of $42.1 million or $(0.63) per share in the prior year period. The net loss for the third quarter of 2007 includes a non-cash impairment charge for goodwill and intangibles of $6.3 million and $1.6 million of restructuring and other charges. The net loss for the third quarter of 2006 included a non- cash charge of $31.9 million related to an increase in the valuation allowance for deferred tax assets and $6.6 million of restructuring and other charges.

For the first nine months of 2007, total revenues were $179.4 million compared to $193.9 million in the comparable period of 2006. The Company's net loss for the first nine months of 2007 totaled $14.2 million, or $(0.21) per share, compared to a net loss of $44.1 million, or $(0.66) per share in the comparable period of 2006. The 2007 net loss includes a non-cash impairment charge for goodwill and intangibles of $6.3 million and $2.9 million of restructuring and other charges. The net loss for the first nine months of 2006 included a non-cash charge of $31.9 million related to an increase in the valuation allowance for deferred tax assets and $8.3 million related to restructuring and other charges.

Third quarter 2007 Results by Division

Health Information Division (HID)

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