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MedQuist Reports Fourth Quarter and Year End 2008 Results
Date:3/11/2009

- Interest income, net (163) 1,889 2,438 8,366 ---- ----- ----- ----- Loss before income taxes (79,685) (10,334) (85,308) (12,867) Income tax provision (benefit) (19,234) (63) (16,513) 2,339 ------- --- ------- ----- Net loss $(60,451) $(10,271) $(68,795) $(15,206) ======== ======== ======== ======== Net loss per share: Basic $(1.61) $(0.27) $(1.83) $(0.41) ------ ------ ------ ------ Diluted $(1.61) $(0.27) $(1.83) $(0.41) ------ ------ ------ ------ Weighted average shares outstanding: Basic 37,556 37,500 37,549 37,488 ------ ------ ------ ------ Diluted 37,556 37,500 37,549 37,488 ------ ------ ------ ------ MedQuist Inc. and Subsidiaries Consolidated Balance Sheets (In thousands) Unaudited December 31, December 31, 2008 2007 ---- ---- Assets Current assets: Cash and cash equivalents $39,918 $161,582 Accounts receivable, net 50,374 48,725 Income tax receivable 154 815 Other current assets 8,053 7,920 ----- ----- Total current assets
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