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MedQuist Reports Results for the Fourth Quarter and 2009
Date:3/12/2010

1, December 31, 2009 2008 2009 2008 ---- ---- ---- ---- Net revenues $73,949 $79,387 $307,200 $326,853 ------- ------- -------- -------- Operating costs and expenses: Cost of revenues 48,272 53,867 206,265 230,375 Selling, general and administrative 7,622 11,074 33,441 47,520 Research and development 2,369 3,346 9,604 15,848 Depreciation 2,086 3,049 9,504 11,950 Amortization of intangible assets 1,635 1,409 6,168 5,554 Cost of legal proceedings and settlements, net 1,403 1,830 14,843 19,738 Acquisition related charges 1,263 - 1,263 - Goodwill impairment charge - 82,233 - 82,233 Restructuring charges 2,246 2,137 2,727 2,055 Total operating costs and expenses 66,896 158,945 283,815 415,273 ------ ------- ------- ------- Operating income (loss) 7,053 (79,558) 23,385 (88,420)
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