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Lotus Pharmaceuticals, Inc. Announces Fourth Quarter and Fiscal Year 2007 Results

678,330 41,280,000

Diluted Weighted Average Shares

Outstanding 44,448,330 44,280,000

The Components of Other



Net Income (Loss) $ 5,116,962 $ (157,709)

Foreign currency translation

adjustment 927,537 130,223

Comprehensive Income (Loss) $ 6,044,499 $ (27,486)


Audited Consolidated Statements of Operations

Years Ended December 31,

2007 2006


Revenues $ 56,873,115 $ 36,207,689

Cost of Goods Sold 33,678,963 26,129,687

Gross Profit 23,194,152 10,078,002

Operating Expenses

Selling 6,460,206 3,030,4216

General and administrative 3,014,002 2,191,400

Research and development 2,411,651 387,337

Total operating expenses 11,885,859 5,609,158

Income from operations 11,308,293 4,468,844

Other Income (Expense)

Other income 1,845,416 --

Interest expense, net (1,936,581) (325,824)

Total other income (expense) (91,165) (325,824)

Net Income Before Provision for

Income Tax 11,217,128 4,143,020

Net Income $ 11,217,128 $ 4,143,020

Basic Earnings Per Sh

SOURCE Lotus Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
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