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QMed, Inc. Reports Third Quarter Results
Date:10/8/2007

2007 2006

ASSETS (unaudited)

Current assets

Cash and cash equivalents $ 2,411,562 $ 3,039,695

Investments 4,011,933 10,867,815

Accounts receivable, net of allowances

of $49,910 and $59,505, respectively 2,627,358 2,005,485

Inventory, net of reserve 13,278 36,631

Prepaid commissions 457,045 -

Prepaid expenses and other current

assets 510,435 301,282

10,031,611 16,250,908

Restricted cash and cash equivalents,

non-current 2,975,081 705,881

Property and equipment, net of

accumulated depreciation 762,453 989,329

Product software development costs,

net 1,970,885 2,104,788

Acquired intangibles, net 462,675 587,027

Other assets 142,513 149,202

Investment in joint ventures 19,050 23,703

$ 16,364,268 $ 20,810,838

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities

Accounts payable and accrued expenses $ 2,410,285 $ 2,827,223

Medical claims payable 7,570,729 364,830

Leases payable, current portion 20,142 65,881

Accrued salaries and commissions 558,796 446,740

Fees reimbursable to health plans 7,825 47,005

Contract billings in excess of revenue 1,564,667 1,396,423

Deferred revenue 528,960
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SOURCE QMed, Inc.
Copyright©2007 PR Newswire.
All rights reserved

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