$1,536,432 and $1,086,747) 19,069,295 9,552,784
Sales, general, and administrative
(includes non-cash compensation
expense of $3,159,734 and $309,068) 15,753,703 6,871,138
Depreciation and amortization 2,608,472 527,192
Total operating costs and
expenses 37,431,470 16,951,114
Operating income 7,719,731 8,207,775
Other income (expense):
Interest expense (2,388,529) (599)
Interest income 745,719 875,391
Other, net (27,259) (19,801)
Change in fair value of redeemable
preferred stock conversion feature
Total other income (expense) (1,670,069) 854,991
Income before income taxes 6,049,662 9,062,766
Income tax expense 2,261,818 3,480,615
Net income 3,787,844 5,582,151
Redeemable preferred stock accretion
Income applicable to common stockholders $3,787,844 $5,582,151
Earnings per common share:
Basic $0.13 $0.19
Diluted $0.12 $0.18
Weighted averages of common shares
outstanding:
Basic 30,111,156 29,836,960
Diluted 31,170,449 30,760,414
NIGHTHAWK RADIOLOGY HOLDINGS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)
Nine Months Ended September 30,
2007 2006
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