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Martek Announces Second Quarter 2009 Financial Results
Date:6/3/2009

sales 49,299 50,579 96,208 95,676 Cost of contract manufacturing sales 4,017 2,764 7,426 6,452 ------ ------ ------- ------- Total cost of revenues 53,316 53,343 103,634 102,128 ------ ------ ------- ------- Gross margin 39,095 37,383 76,140 71,479 ------ ------ ------- ------- Operating expenses: Research and development 7,157 6,819 13,906 12,800 Selling, general and administrative 12,875 14,234 25,972 27,215 Amortization of intangible assets 1,595 1,877 3,376 3,556 Other operating expenses 569 96 722 249 ------ ------ ------ ------- Total operating expenses 22,196 23,026 43,976 43,820 ------ ------ ------ ------- Income from operations 16,899 14,357 32,164 27,659 Interest income (expense) and other, net 186 309 346 526 ------ ----- ------ ------ Income before income tax provision 17,085 14,666 32,510 28,185 Income tax provision 6,068 5,464 11,887 10,314 ------ ------ ------ ------ Net income $11,017 $9,202 $20,623 $17,871 ====== ====== ====== ====== Basic earnings per share $ 0.33 $ 0.28 $0.62 $0.54
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SOURCE Martek Biosciences Corporation
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