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QMed, Inc. Reports First Quarter Results
Date:4/18/2008

Three Months

Ended Ended

February 29, February 28,

2008 2007

Revenue $ 751,788 $ 1,728,676

Cost of revenue 330,741 731,099

Gross profit 421,047 997,577

Selling, general and administrative

expenses 1,844,056 2,224,207

Research and development expenses 60,203 427,795

Loss from continuing operations (1,483,212) (1,654,425)

Interest expense (7,660) (7,979)

Interest income 6,264 100,902

Loss from operations of joint venture - (18,146)

Other (expense) income (44) 1,975,400

(Loss) income before income tax

provision and discontinued operations (1,484,652) 395,752

Provision for income taxes (1,717) (5,733)

(Loss) income before discontinued

operations (1,486,369) 390,019

Discontinued Operations:

Income (Loss) from operations 487,185 (1,447,795)

Net loss $ (999,184) $ (1,057,776)

Basic (loss) income per share

Weighted average shares outstanding 17,020,959 16,892,163

Basic (loss) income per share --

continuing operations $ (.09) $ .02

Basic income (loss) per share --

discontinued operations .03 (.08)

Basic (loss) income per share
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SOURCE QMed, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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