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

,600 License and royalty revenue 25,826 - 25,826 Net revenue 1,671,426 - 1,671,426 Cost of sales 810,867 (64,780)(b)(c)(d)(e) 746,087 Gross profit 860,559 64,780 925,339 Gross margin 51% 55% Operating expenses: Research and development 111,828 (15,586)(b)(c)(d) 96,242 Purchase of in- process research and development - - - Selling, general and administrative 684,879 (198,865)(b)(c)(d) 486,014 Total operating expenses 796,707 (214,451) 582,256 Operating (loss) income 63,852 279,231 343,083 Interest and other income (expense), net (103,356) 8,762 (c)(i) (94,594) Income tax (benefit) provision (16,686) 99,242 (j) 82,556 Equity earnings of unconsolidated entities, net of tax 1,050 8,183 (b)(c) 9,233 Net (loss) income $(21,768) $196,934 $175,166 Preferred stock dividends $(13,989) (13,989) Net (loss) income available to common stockholders - basic $(35,757) $161,177 Net (loss) income per common share: Basic $(0.46) $2.07 Diluted $(0.46)(k) $1.97 (l) Weighted average common shares - basic 77,778 77,778 Weighted average common shares - diluted 77,778
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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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