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

Other assets, net 5,095,297 96,572

Total $257,188,196 $116,066,366

LIABILITIES

Current liabilities:

Accounts payable and accrued expenses $19,407,803 $9,052,634

Accrued payroll and related benefits 4,495,448 2,383,998

Current portion of notes payable 1,000,000

Total current liabilities 24,903,251 11,436,632

Insurance reserve 3,448,924 2,000,000

Notes payable, less current portion 98,750,000

Deferred income taxes 576,409

Other liabilities 898,635

Total liabilities 128,577,219 13,436,632

STOCKHOLDERS' EQUITY:

Common stock-150,000,000 shares

authorized; $.001 par value;

30,187,902 and 29,944,069 shares

issued and outstanding at September

30, 2007 and December 31, 2006,

respectively 30,188 29,944

Additional paid-in capital 245,147,219 230,116,635

Retained earnings (deficit) (116,566,430) (127,516,845)

Total stockholders' equity 128,610,977 102,629,734

Total $257,188,196 $116,066,366

NIGHTHAWK RADIOLOGY HOLDINGS, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)

Three Months Ended September 30,

2007 2006

Service revenue $45,151,201 $25,158,889

Operating costs and expenses:

Professional services (includes

non-cash compensation expense of'/>"/>