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Inverness Medical Innovations Announces Fourth Quarter 2008 Results
Date:2/18/2009

GAAP Adjustments Basis (a) ---- ----------- --------- Net product sales and services revenue $283,040 $- 283,040 License and royalty revenue 4,920 - 4,920 Net revenue 287,960 - 287,960 Cost of sales 149,209 (13,266)(b)(c)(d)(e) 135,943 Gross profit 138,751 13,266 152,017 Gross margin 48% 53% Operating expenses: Research and development 24,898 (3,838)(b)(c)(d) 21,060 Purchase of in- process research and development 4,825 (4,825)(f) - Selling, general and administrative 102,200 (22,100)(b)(c)(d) 80,100 Total operating expenses 131,923 (30,763) 101,160 Operating income 6,828 44,029 50,857 Interest and other income (expense), net (26,835) 3,894 (g) (22,941) Income tax (benefit) provision (2,529) 4,676 (h) 2,147 Equity earnings of unconsolidated entities, net of tax 1,706 112 (b) 1,818 Net income (loss) $(15,772) $43,359 $27,587 Preferred stock dividends $- $- Net income (loss) available to common stockholders - basic $(15,772) $27,587 Net income (loss) per common share: Basic $(0.24) $0.42 Diluted $(0.24) (j) 0.40 (l) Weighted average
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SOURCE Inverness Medical Innovations, Inc.
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Related medicine news :

1. Inverness Medical Innovations Schedules Conference Call for 10:00 a.m. ET February 18, 2009 to Discuss Fourth Quarter 2008 Results
2. James Roosevelt, Jr. Joins Inverness Medical Innovations Board of Directors
3. Inverness Medical Innovations to Present at the 2009 UBS Global Healthcare Services Conference on February 10, 2009
4. Inverness Medical Innovations Presents the pima(TM) Point-of-Care CD4 Instrument at ICASA 2008
5. Inverness Medical Innovations to Participate at JP Morgan Healthcare Conference on January 13, 2009
6. Inverness Medical Innovations Declares Dividend on its Series B Convertible Perpetual Preferred Stock
7. Inverness Medical Innovations to Present at RBC Capital Markets 2008 Healthcare Conference on December 11, 2008
8. Inverness Medical Innovations, PrognostiX Sign Distribution Agreement for CardioMPO(TM) Test
9. Inverness Medical Innovations to Present at the Third Annual JMP Securities Healthcare Focus Conference on October 7, 2008
10. Inverness Medical Innovations Announces 4th Generation Rapid HIV Test - Determine(TM) HIV-1/2 Ag/Ab Combo
11. Law Offices of Howard G. Smith Announces 24 Days Remaining to Move to Be a Lead Plaintiff in the Shareholder Lawsuit Against Inverness Medical Innovations, Inc.
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