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Martek Announces Third Quarter 2007 Financial Results
Date:9/5/2007

(21,424) (18,981)

Net cash provided by operating activities 21,523 23,156

Investing activities:

Expenditures for property, plant and equipment (5,110) (6,743)

Proceeds from sale of fluorescent detection

products business 900 --

Repurchase from sale-leaseback transaction (3,910) --

Capitalization of intangible assets (4,806) (3,928)

Net cash used in investing activities (12,926) (10,671)

Financing activities:

Repayments of notes payable and other long-term

obligations, net (759) (2,756)

Repayments under revolving credit facility, net (19,000) (22,000)

Proceeds from stock option exercises and other,

net 2,209 2,901

Net cash used in financing activities (17,550) (21,855)

Net change in cash, cash equivalents and

short-term investments (8,953) (9,370)

Cash, cash equivalents and short-term

investments, beginning of period 26,828 33,347

Cash, cash equivalents and short-term

investments, end of period $17,875 $23,977


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SOURCE Martek Biosciences Corporation
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