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Martek Announces Third Quarter 2009 Financial Results
Date:9/2/2009

t formula nutritional revenues of $10.6 million in the third quarter of fiscal 2009. The 41% increase in non-infant formula nutritional products compared to the prior year's third quarter was led by significantly higher sales to the pregnancy and nursing market.

A breakdown of product sales by market for the third quarter and year-to-date periods (in thousands) follows:


                                 Three months ended     Nine months ended
                                      July 31,                July 31,
                               --------------------- -----------------------
                                                 %                      %
                                                incr                   incr
                                 2009    2008  (decr)   2009     2008 (decr)
    ------------------------------------------------------------------------
    Infant formula market      $63,320 $74,815 (15%) $215,294 $223,483  (4%)
    Food and beverage market     2,681   2,526   6%     8,278    7,793   6%
    Pregnancy and nursing,
     nutritional supplements
     and animal feeds            7,931   5,019  58%    20,396   15,424  32%
    Non-nutritional products     1,112   1,121  (1%)    3,250    3,265  (1%)
                                 -----   -----          -----    -----
      Total product sales      $75,044 $83,481 (10%) $247,218 $249,965  (1%)
                               ======= =======       ======== ========


In addition, contract manufacturing sales in the third quarter totaled $2.8 million, compared with $4.9 million a year ago due to a planned reduction in the scope of the Company's contract manufacturing activities over the long-term. While the Company expects to continue reducing the scope of its contract manufacturing activities, Martek will provide contract services to both existing and new customers if
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SOURCE Martek Biosciences Corporation
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