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Providence Service Corporation Announces 35% Revenue Growth with Third Quarter Results; Increases Revenue Guidance for 2007
Date:11/6/2007

5,461 21,784 16,997

Depreciation and

amortization 1,166 904 3,202 2,453

Total operating expenses 58,284 42,769 169,693 121,492

Operating income 5,450 4,282 16,808 14,427

Other (income) expense:

Interest expense 479 103 812 721

Interest income (335) (431) (977) (922)

Income before income taxes 5,306 4,610 16,973 14,628

Provision for income taxes 2,108 1,862 6,879 5,916

Net income $3,198 $2,748 $10,094 $8,712

Earnings (loss) per common

share:

Basic $0.27 $0.23 $0.86 $0.78

Diluted $0.27 $0.22 $0.85 $0.76

Weighted-average number of

common shares outstanding:

Basic 11,654,434 12,163,022 11,689,302 11,241,294

Diluted 12,053,284 12,297,948 11,928,636 11,464,874

The Providence Service Corporation

Consolidated Balance Sheets

(in thousands except share and per share data)

September 30, December 31,

2007 2006

Assets (Unaudited) (Audited)

Current assets:

Cash and cash equivalents $37,724 $40,703

Accounts receivable-billed, net

of allowance of $1.2 million

and $5.3 million 44,720 36,148

Accounts receivable - unbilled 1,506 2,134

Management fee receivable 9,391
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SOURCE Providence Service Corporation
Copyright©2007 PR Newswire.
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