NightHawk Radiology Holdings, Inc. Releases Record Third Quarter 20...( Service revenue ...),Health

Service revenue $108,955,957 $68,074,661

Operating costs and expenses:

Professional services (includes

non-cash compensation expense of

$3,567,030 and $3,333,430) 46,844,263 26,500,833

Sales, general, and administrative

(includes non-cash compensation

expense of $5,842,797 and $660,512) 36,860,609 19,224,442

Depreciation and amortization 5,250,807 1,580,439

Total operating costs and

expenses 88,955,679 47,305,714

Operating income 20,000,278 20,768,947

Other income (expense):

Interest expense (3,664,742) (560,270)

Interest income 2,468,150 2,026,675

Other, net (59,595) (64,136)

Change in fair value of redeemable

preferred stock conversion feature (44,183,770)

Total other income (expense) (1,256,187) (42,781,501)

Income (loss) before income

taxes 18,744,091 (22,012,554)

Income tax expense 7,110,594 8,595,532

Net income (loss) 11,633,497 (30,608,086)

Redeemable preferred stock accretion (117,534)

Income (loss) applicable to common

stockholders $11,633,497 $(30,725,620)

Earnings (loss) per common share:

Basic $0.39 $(1.09)

Diluted $0.38 $(1.09)

Weighted averages of common shares

outstanding:

Basic 30,023,122 28,
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