NightHawk Radiology Holdings, Inc. Announces Fourth Quarter and Full-Year 2007 Results; Updates 200...(322 and 29944069 shares issued and...),Health

issued and outstanding at

December 31, 2007 and December 31,

2006, respectively 30,312 29,944

Additional paid-in capital 249,273,581 230,116,635

Retained earnings (deficit) (112,957,598) (127,516,845)

Accumulated other comprehensive

income (deficit) (1,657,581)

Total stockholders' equity 134,688,714 102,629,734

Total $263,465,687 $116,066,366

NIGHTHAWK RADIOLOGY HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

Three Months Ended

December 31,

2007 2006

Service revenue $42,706,085 $24,093,585

Operating costs and expenses:

Professional services

(includes non-cash

compensation expense of

$862,328, $1,553,248,

$4,429,358 and $4,886,678) 16,773,144 12,462,455

Sales, general, and

administrative (includes

non-cash compensation

expense of $4,758,207,

$412,943, $10,601,004

and $1,073,455) 17,157,481 8,382,875

Depreciation and amortization 2,648,449 618,275

Total operating costs

and expenses 36,579,074 21,463,605

Operating income 6,127,011 2,629,980

Other income

(expense):

Interest expense (2,220,769) (1,950)

Interest income 662,186 1,001,241

Other, net (3,321)
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