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

(k) 83,376 (l) Year Ended December 31, 2007 ---------------------------- Non-GAAP Adjusted Non-GAAP Cash GAAP Adjustments Basis (a) ---- ----------- --------- Net product sales and services revenue $817,561 $- $817,561 License and royalty revenue 21,979 - 21,979 Net revenue 839,540 - 839,540 Cost of sales 445,813 (34,877)(b)(c)(d)(e) 410,936 Gross profit 393,727 34,877 428,604 Gross margin 47% 51% Operating expenses: Research and development 69,547 (7,597)(b)(c)(d) 61,950 Purchase of in- process research and development 173,825 (173,825)(f) - Selling, general and administrative 326,208 (94,021)(b)(c)(d) 232,187 Total operating expenses 569,580 (275,443) 294,137 Operating (loss) income (175,853) 310,320 134,467 Interest and other income (expense), net (74,251) 17,557 (g)(h) (56,694) Income tax (benefit) provision (979) 14,923 (j) 13,944 Equity earnings of unconsolidated entities, net of tax 4,372 448 (b) 4,820 Net (loss) income $(244,753) $313,402
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SOURCE Inverness Medical Innovations, Inc.
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1. Inverness Medical Innovations Schedules Conference Call for 10:00 a.m. ET February 18, 2009 to Discuss Fourth Quarter 2008 Results
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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
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7. Inverness Medical Innovations to Present at RBC Capital Markets 2008 Healthcare Conference on December 11, 2008
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