NightHawk Radiology Holdings, Inc. Announces Fourth Quarter and Full-Year 2007 Results; Updates 200...(full year (excluding the effects of non-...),Health

stock compensation, and a one-time charge related to the settlement of

an acquisition-related legal dispute) while investing in both

infrastructure and new services. As previously reported, the company

also incurred higher short-term expense in 2007 related to the

integration of various acquisitions.

"We accomplished a great deal in 2007," said Dr. Paul Berger, Chairman and Chief Executive Officer. "Our continued growth and profitability in this highly dynamic industry demonstrates the value and quality of our services and the success of our business model. Customers rely on NightHawk to meet their current and future needs with our advanced and innovative solutions, and our affiliated radiologists are some of the most productive in the world. We have made important investments in 2007 in new services, acquisitions and infrastructure. These items, combined with strong industry fundamentals, will enable NightHawk to continue growing rapidly while leading the transformation of the practice of radiology."

Full-Year Results

-- Full-year revenue grew 65% to $151.7 million from $92.2 million for the

full-year 2006. Full-year scan volumes grew 62% to 2.7 million, scans

compared with 1.7 million scans in 2006.

-- Organic revenue and organic scan volumes grew 23% and 27%,

respectively, year-over-year.

-- New service offerings, including daytime final and subspecialty reads,

cardiac 3D reconstructions and interpretations, and business services,

represented 15% of total revenue for the year. Final interpretations

comprised approximately 8% of revenue.

-- Adjusted net income grew 35% to $28.3 million, or $0.91 per diluted

share, from $20.9 million, or $0.70 per diluted share in the prior

year. The company's adjusted net income excludes cert
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