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Martek Announces First Quarter 2008 Financial Results
Date:3/5/2008

5,942

Selling, general and administrative 12,981 10,632

Amortization of intangible assets 1,679 1,546

Restructuring charge - 518

Other operating expenses 153 473

Total operating expenses 20,794 19,111

Income from operations 13,302 4,758

Interest income (expense) and other, net 217 (441)

Income before income tax provision 13,519 4,317

Income tax provision 4,850 1,567

Net income $8,669 $2,750

Basic earnings per share $0.26 $0.09

Diluted earnings per share $0.26 $0.08

Shares used in computing basic

earnings per share 32,745,303 32,180,760

Shares used in computing diluted

earnings per share 33,129,921 32,366,426

Unaudited Condensed Consolidated Balance Sheets Data

January 31, October 31,

2008 2007

Assets:

Cash and cash equivalents $22,145 $16,973

Short-term investments - 4,675

Accounts receivable, net 41,104 41,643

Inventories, net 107,542 109,409

Other current assets 9,249 8,237

Property, plant and equipment, net 274,257 277,915

Deferred tax asset 47,445 51,3
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SOURCE Martek Biosciences Corporation
Copyright©2008 PR Newswire.
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