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

$2,202,270 $26,574,368 $7,306,588

Cost of revenue 15,430,886 1,371,709 28,741,667 4,951,164

Gross (loss)

margin (4,649,639) 830,561 (2,167,299) 2,355,424

Selling, general

and

administrative

expenses 4,079,495 4,025,951 12,125,123 11,099,815

Research and

development

expenses 604,031 298,836 1,553,086 1,180,866

Loss from

operations (9,333,165) (3,494,226) (15,845,508) (9,925,257)

Interest expense (5,903) (4,337) (20,844) (15,146)

Interest income 137,307 201,833 458,682 577,152

Loss in

operations of

joint ventures - (18,927) (24,973) (57,365)

Other income - - 2,375,400 450,000

Loss before

income tax

provision (9,201,761) (3,315,657) (13,057,243) (8,970,616)

Benefit

(provision) for

income taxes 362 (1,744) (11,129) 45,670

Net loss $(9,201,399) $(3,317,401) $(13,068,372) $(8,924,946)

Basic and diluted

loss per share

Weighted

average shares

outstanding 16,989,180 16,823,885 16,953,750 16,804,457

Basic and

diluted loss per

share $(.54) $(.20) $(.77) $(.53)


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SOURCE QMed, Inc.
Copyright©2007 PR Newswire.
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