NightHawk Radiology Holdings, Inc. Releases Record Third Quarter 20...($68074661 $68074661 O...),Health

Operating costs and expenses:

Professional services

(includes non-cash

compensation expense of

$3,567,030 and $3,333,430) $26,500,833 (3,333,430) 23,167,403

Sales, general, and

administrative (includes

non-cash compensation expense

of $5,842,797 and $660,512) 19,224,442 (660,512) 18,563,930

Depreciation and amortization 1,580,439 (391,833) 1,188,606

Total operating

costs and expenses 47,305,714 (4,385,775) 42,919,939

Operating income 20,768,947 4,385,775 25,154,722

Other income (expense):

Interest expense (560,270) (560,270)

Interest income 2,026,675 2,026,675

Other, net (64,136) (64,136)

Change in fair value of

redeemable preferred stock

conversion feature (44,183,770) 44,183,770

Total other income

(expense) (42,781,501) 44,183,770 1,402,269

Income (loss) before

income taxes (22,012,554) 48,569,545 26,556,991

Income tax expense 8,595,532 1,710,452 10,305,984

Net income (loss) (30,608,086) 46,859,093 16,251,007

Redeemable preferred stock

accretion (117,534) 117,534

Income (loss) applicable to

common stockholders $(30,725,620) $46,976,627 $16,251,007

Earnings (loss) per share:

Basic $(1.09) $0.58

Diluted $(1.09) $0.55

Weighted average shares

outstanding:

Basic
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