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Mediware Reports Third Quarter Fiscal 2008 Results
Date:5/6/2008

Quarter Marked By 17 Net New Sites And Progress With Key New Product

Launches As Company Moves Beyond Blood System Sunset

Teleconference Call Scheduled For 10:00am EDT Today

LENEXA, Kan., May 6 /PRNewswire-FirstCall/ -- Mediware Information Systems, Inc. (Nasdaq: MEDW), a provider of ClosedLoop(TM) clinical systems for blood and medication management, reported total revenue for the third quarter of fiscal year 2008 of $9,839,000 compared to $11,057,000 in the year-ago quarter. Net income for the quarter just ended was $316,000, or four cents per fully diluted share, compared to net income of $831,000, or ten cents per fully diluted share, in last fiscal year's third quarter.

For the nine-month period ended March 31, 2008, Mediware reported total revenue of $29,242,000 compared to $30,794,000 in the comparable period in fiscal year 2007. Net income for the nine months ended March 31, 2008 was $442,000, or five cents per fully diluted share, compared to net income of $1,900,000, or twenty-three cents per fully diluted share, in the comparable period of fiscal year 2007. The nine month results for fiscal 2008 included a first quarter $225,000 non cash write-off of certain deferred tax assets and a cash charge of $377,000 associated with the organizational restructuring announced in July 2007.

"Our results for the third quarter improved over the current year's second quarter, with a 10 percent gain in revenue and an eight cent increase in EPS," said Kelly Mann, Mediware's president and chief executive officer. "Our teams are executing plans to build a strong foundation for future growth through new product launches, the integration of IMS products, and delivering on customer service excellence.
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SOURCE Mediware Information Systems, Inc.
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